After a prolonged downtrend within a descending structure, price has shown signs of a market shift.
We’ve seen a Break of Structure (BOS) and a Change of Character (CHoCH), suggesting bearish momentum is weakening. Price is now testing a key resistance-turned-support zone around 57.83–60.09 and has started to form higher lows.
A trendline breakout is in progress, and if confirmed, we could see a strong bullish rally toward the 70–74 USD resistance zone.
Key Technical Highlights:
Clear BOS and CHoCH – early reversal signs
Price reclaimed support at 57.83
Breakout above trendline resistance forming
Bullish target zone between 70 and 74
What to watch:
A successful retest of the breakout zone could offer a high-probability long setup
Failure to hold above 57.83 may invalidate the bullish scenario short-term
Patience and confirmation are key – wait for a clean breakout and retest before acting.
We’ve seen a Break of Structure (BOS) and a Change of Character (CHoCH), suggesting bearish momentum is weakening. Price is now testing a key resistance-turned-support zone around 57.83–60.09 and has started to form higher lows.
A trendline breakout is in progress, and if confirmed, we could see a strong bullish rally toward the 70–74 USD resistance zone.
Key Technical Highlights:
Clear BOS and CHoCH – early reversal signs
Price reclaimed support at 57.83
Breakout above trendline resistance forming
Bullish target zone between 70 and 74
What to watch:
A successful retest of the breakout zone could offer a high-probability long setup
Failure to hold above 57.83 may invalidate the bullish scenario short-term
Patience and confirmation are key – wait for a clean breakout and retest before acting.
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Disclaimer
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🔥 Join Now for Free
t.me/JackMastermindGT
📢 Join My Telegram channel Daily Free Signals Vip Group available Daily Signals XAUUSD BTCUSD USOIL 3/4 confirm Join VIP Group Accuracy 85%+
🔥 Join Now for Free: t.me/JackMastermindGT
t.me/JackMastermindGT
📢 Join My Telegram channel Daily Free Signals Vip Group available Daily Signals XAUUSD BTCUSD USOIL 3/4 confirm Join VIP Group Accuracy 85%+
🔥 Join Now for Free: t.me/JackMastermindGT
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.