XALUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2,630 level, which represents a logical target within the current market structure.Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Trade active
Trade closed: target reached
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