Trading Range**XRP/USDT – 15-Minute Chart Analysis**
The price is currently trading within an ascending channel, showing a gradual recovery after the previous sharp decline. A key resistance zone around **2.5240 - 2.5470** is being tested, which aligns with the upper range of a consolidation phase.
If the price fails to break above this level, it could lead to a pullback towards the lower boundary of the channel, around **2.4465**. However, a breakout above resistance could indicate further bullish momentum, with the next target around **2.6430 - 2.6500**.
Monitoring price reaction at these levels will be crucial in determining the next move. The trade is being executed with **25x leverage**, increasing both potential returns and risk exposure.
Priceaction
2025-03-04 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Very strong selling followed by very strong buying but bears defended where they had to. Another one for the 50% retracement if you go from ath down to 22348, the 50% is around 22849 and market stopped the bounce pretty much there. Now we have a big gap up from 22357 up to 22707 but I doubt this will stay open. My bias is bearish with stop 23091 but for now we can’t expect market to drop below 22300 since the buying down there was so strong.
current market cycle: bull trend until trend line is broken (daily close below 22300)
key levels: 22000 - 23351
bull case: Bulls reversed 78.6% of the selling almost to the tick. I let you figure out which glorified pattern that is. I do not care about them nearly as much as others. I only care about the 50% and then maybe 30% or 60% to determine how strong the pullback is. Bulls showed strength by rallying for 500+ points and that naturally makes me think the downside is limited for now. Problem for them is, the rejection from 22351 on Monday was so strong that they likely won’t buy high again and wait for pullbacks. Since bears also showed strength, we will likely continue sideways. Bulls need something above 23091 to retest 23355 or go higher.
Invalidation is below 22300.
bear case: Bears had an amazing small-pullback-bear-trend but bulls bought heavily the lows on the news that the EU will do a new fund and Germany will also likely do new debt to finance defense and infrastructure stuff. Does it matter? Not really. Clear descending triangle for us to trade until we make higher highs or lower lows. We are above the 50% of it and I favor the bears to retest at least 22400 tomorrow. So shorts close to 22800 are reasonable. Bears also have going for them, that lately not-bad news got bought but then reversed to the downside, which I believe suits the sell-the-rip market we could be in. US indexes will likely have more downside over the next weeks, since this whole move down could be seen as a bigger W1 on the weekly chart for sp500 and nasdaq. Dax will follow them, just takes a bit more time I guess. Plan for this week is still to hit 22000 and then some strong moves down to 21000 over the next 1-2 weeks.
Invalidation is above 23091.
short term: Neutral around 22700. Bearish above 22800 and bullish below 22450. Strong moves to both sides will likely result in sideways movement and not a strong breakout to either side. My thesis is still that Monday was a higher high major trend reversal and we could have seen the highs.
medium-long term from 2024-02-26: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. Daily close below 22000 is needed to turn this neutral and end the bull trend-.
current swing trade: None
trade of the day: Small pullback bear trend from EU open 22955 down to 22357. It was so strong, you had to be short. 5m 20ema held like a champ. 22350 was previous support and once market stopped making new lows, bears needed to reduce risk and take profits. Could you have anticipated that the bounce would be good for 500+ points? Hell no. If you took a long, good for you. To make a living from trading you don’t have to be perfect or amazing, you just have to be good and that meant, taking reasonable profits on shorts and not watching them disappear on the bounce.
BankNifty Technical analysis - Mar 3 2025RED UMVD flashed warning sign back in Oct. I hope some of you were able to use this signal to cash out.
Bars are red and we are approaching immediate support again, lets see how it handles.
As long as UMVD is Red , I wouldn't buy. TrapZone has thinned now and market will most likely get volatile and sideways, unless we enter another wave of selloff. In that case we will see Red TrapZone and all hell will break. lol
will post an hourly for short term players.
JNJ Update | Swing Trade 2 PlaysShort term price action is at a high in which I'd like to see a retracement for a short opportunity. The long term play I would like to buy once price is near $150 to hold towards $180.
Last Post
*A break below the trendline followed by a retest and rejection would invalidate the trend based on my bearish TA.*
AUDJPY: Trend Following Pattern 🇦🇺🇯🇵
I see a nice bearish flag on AUDJPY on a 4H time frame.
Bearish breakout of its support is a strong trend-following signal.
The pair is going to reach 92.0 level soon.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
2025-03-03 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: 791 points from low to high today. The selling stopped exactly at the 50% retracement and this is the line in the sand for my outlook. We have two very big patterns now possible. We either melt much higher to 23800+ or we do a proper correction like the US markets but we very likely won’t continue sideways around 23000.
current market cycle: bull trend until trend line is broken (daily close below 22300)
key levels: 22500 - 24000
bull case: Bulls are likely in do or die mode. They melted higher but if they can’t stay above the important breakout price 23000, this could become a bull trap/higher high - major trend reversal and we go down from here. If we stay above and correct sideways some around 23000, we will likely retest 23350 tomorrow and could get a second leg up to 23800+. The bull channel is valid until broken, so respect it.
Invalidation is below 22900.
bear case: Bears need to break below the bull channel around 22300. Everything else is just neutral, since we are in such a strong bull trend. They have to stop new highs or we continue up. What are the odds that today was a climactic bull trap at the end of this bull trend? I don’t know right now but I have given my invalidation prices, so mark them and look what the market does when we get there. My wave thesis was already done at the previous 23k but we can obviously have another break above and another rally higher. Market is beyond overvalued but who cares if it’s only going up. I start favoring the bears if we can get below 22900 because then the odds that the highs are in become much bigger.
Invalidation is above 23400.
short term: Neutral around 23k. Bearish below 22900 for more downside to potentially 22300 again but this is much lower probability. Bulls are favored to retest 23350 or get another leg higher.
medium-long term from 2024-02-26: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. Daily close below 22000 is needed to turn this neutral and end the bull trend-.
current swing trade: None
trade of the day: Long below 22600. Market found no acceptance there and the gap to Friday’s close stayed open. Congratulations if you took it and banked 600+ points.
Gold Market Forecast: Next Week’s Trading Setup & Key Price ZoneGold is under pressure, trading at a three-week low while the US Dollar rises amid trade policy fears and recession concerns. With Trump's tariff plans—a 25% tariff on Mexico and Canada plus an extra 10% on China—set to take effect next week, will gold fall further or attract safe-haven flows? In this quick analysis, I share my trading approach for the coming week.
Subscribe for concise market insights and stay ahead in your trading journey!
Disclaimer:
Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Always assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.
Gold Price ActionHello Traders!
It's time to focus on Gold . Over the past two months, Gold has been in a strong uptrend , consistently forming Rally Base Rally (RBR) patterns. However, we are now seeing a shift in market structure . The price has recently rejected a new RBR formation and is beginning to create a Drop Base Drop (DBD) pattern.
Trading Strategy:
Swing Traders: This is a good opportunity to open a sell position and hold it as the bearish trend develops.
Day Traders: Follow the daily market direction , but maintain a bearish bias .
Key Points to Remember:
The market is currently bearish . Focus on sell trades only until the market structure changes.
We've seen strong demand over the past two months, but now it's supply's turn .
The USD is strengthening , which supports a bearish gold market .
Tips for Consistent Trading:
Keep your analysis simple . Avoid overcomplicating your charts.
Use multi-timeframe analysis to align your trades with the overall trend .
Avoid overtrading and strictly follow your risk management rules .
Remember, market structures repeat themselves. Stick to the process and trust your strategy.
Wishing you all the best of luck and happy trading! Stay disciplined and trade smart.
Thank you!
Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 78181.05 on 02/28/2025, so more gains to resistance(s) 98489.63, 101430.12, 105431.17 and more heights is expected.
BITSTAMP:BTCUSD
Take Profits:
94200.00
98489.63
101430.12
105431.17
109932.89
115000.00
120000.00
125000.00
130000.00
134142.91
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 BOOST button,
. . . . . . . . . . . Drop some feedback below in the comment!
🙏 Your Support is appreciated!
Let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
#202509 - priceactiontds - weekly update - dax futuresGood Evening and I hope you are well.
comment: Very erratic price action the past week. Monday and Tuesday closed below the mid point of the daily range, just to have a 2% up day on Wednesday, followed by retest of the lows and closing almost exactly at the middle of it all. Bulls keep making money buying the dips and bears are not strong enough to even get to 22000. Can only expect more sideways price action inside the triangle. If anything I’d say the bulls are favored to retest 23k since we are staying at these highs and above the daily 20ema.
current market cycle: Bull trend until consecutive daily closes below 22000
key levels: 22000 - 23000
bull case: Not much changed to last week since we have only made lower highs and higher lows. Bulls want to retest 23k and since they are producing prominent tails below the bars that dip below 22300, they are slightly favored vs bears that hope for a test of 22000. 22500/22600 is the middle of this range and the worst place to trade. If bulls come out strongly on Monday, I will heavily favor them to trade up to at least 22700. I have no opinion on targets above 23k.
Invalidation is below 21900.
bear case: Bears finding no acceptance below 22400 and Friday has touched the daily 20ema and reversed strongly. They can not hold short if we continue above 22550 because we could easily do 22700 or 23000. Only question for me is, do they try to force another lower high and continue with the contraction or could we retest 23k and maybe then some? I don’t know and if anything I favor the bulls since the bears are just not doing anything strong besides that one Wednesday where we sold 569 points. Targets for bears remain the same. Daily close below 22300 and below the daily ema and bull trend line opens op possibility for 22000. Zero doubt that we will see a bounce at that price. I don’t see this dropping meaningfully unless we get some really really bad news. Technically it’s clear as day that only bulls making the easy points.
Invalidation is above 23000.
short term: Neutral around 22500/22600 and only interested in strong momentum trades. Shorts above 22700 and longs below 22400. Play the triangle until clearly broken.
medium-long term from 2024-02-16: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down.
current swing trade: None
chart update: Removed previous bull channel and added triangle.
#202509 - priceactiontds - weekly update - nasdaq e-miniGood Evening and I hope you are well.
comment: My line in the sand for bears was 20600 and bears actually got there but the very bullish close on Friday destroyed many bear hopes. Biggest question for Monday is now, does the bear channel hold or will we strongly break above to test the highs again? I don’t know and that’s when I will lean neutral. Both sides have reasonable arguments and the bear channel is valid until clearly broken but Friday’s close was special. 20900 is probably a bad place to trade and I will be cautious on Monday. There are multiple bigger patterns we are currently in. Most recent is the tight bear channel down from last week, which would be broken above 21100. Then we are also inside an expanding triangle on the daily tf where the upper trend lines goes through the ath 22450. On the weekly tf I have two bull trend lines and both could be right or wrong, you never know. The lower one runs a bit below 20000 and that is obviously a magnet market will test over the next days or weeks but I have no idea if we do another leg up first.
current market cycle: trading range
key levels: 21000 - 22500
bull case: Bulls have probably seen enough selling and Friday’s close showed some strength that they want more exposure again. Their first target is 21000 and then break above the bear channel from last week, which would be above 21100ish. Next targets are then the mid point around 21500 and then likely no more resistance until 22000. Bullish ABC move on the chart, which would be my preferred path if we close above 21200 on Monday.
Invalidation is below 20400.
bear case: Bears want to see this as a W1 and get at least another strong leg down or even a third one. What are the odds of that? The last strong selling we had was 2024-07 where nq dropped for 16% over 5 weeks. So a long time ago where we did not correct for 10% or more. Right now we are down 8% in two weeks, which is the strongest selling we have seen in the past 7 months. Bears certainly would have a bit more room to the downside to touch 20000 or a bit lower to hit the bull trend line around 19800 (depending on how you draw it). I’m just having a really hard time believing this is more likely than a trade back up to at least 21500 since we are still inside the bull trend and two weeks ago we were 130 points below the ath. An expanding triangle is likely the more dominating feature for now. Every dip below 21000 has been bought and selling here has not been profitable for the past 2 months.
Invalidation is above 21100.
short term: Neutral. Tough spot. Bears could want more downside since the bear channel is still active until we break above 21100. Bulls see the expanding triangle and two weeks of selling with -8% was enough for them to strongly buy into Friday’s close. If 20k is now resistance, I’d like to short with a stop 21410 for target 20500 or lower. If bulls come out strongly early tomorrow, the 4h ema + bear channel could break and we would likely test the highs above 22000 again.
medium-long term - Update from 2024-02-23: Neutral since we are in a 4-5 month trading range. Still leaning heavily bearish for this year but for now it’s sideways until we get consecutive daily closes below 20000.
current swing trade: None
chart update: Added possible paths for both sides. There is a very low chance that the past 2 weeks were the W1 of a very strong 5-wave series down but until we see daily closes below 20000, I have zero confidence in this.
#202509 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
comment: 300 point range last week and we closed near the middle of it. Bulls buy new lows and bears sell every rip close or above the 4h 20ema. Bear channel is still valid but it’s getting weaker. We have also touched my bull trend line from 2024-09 and market has formed a triangle with a nested bear wedge. No big moves, both sides make money. So either scalp the range or don’t look at this.
Update after crypto reserve news spike: Bear channel could still hold and if it does, the move down will be even more violent because of so many new trapped traders. Above 97k the bear channel is dead and we continue sideways inside the previous range 90k - 110k.
current market cycle: trading range
key levels: 68 - 72
bull case: Bulls have to be content with buying new lows and scalping a couple of points. Every rip is sold and they just can’t catch a break. Until they have a daily close above 72 again, there is nothing going for them. Sure they keep new lows shallow and the bear trend is getting weaker but that does not help any bull if they don’t make higher highs again. Very low chance that bulls see this as a very broad bull channel where this leg down was a test of the breakout price 70. If you look at a weekly chart, we are still making higher lows and higher highs.
Invalidation is below 67.8.
bear case: Bears fear that the bull trend line from September is bigger support and the bear trend is getting weaker. That is likely a reason why we will probably see more sideways movement now and less new lows. Bears are still favored until we have higher highs above 72 again. Shorts below 71 are bad, no matter how you put it.
Invalidation is above 72.
short term: Neutral. Shorts close or above 71 are fine and longs below 69.
medium-long term - Update from 2025-02-23: Bear trend is getting weaker but I still see this going sideways around 70 instead of a range expansion.
current swing trade: None
chart update: Updated bear channel.
#202509 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well.
comment: The bear breakout finally happened. First time I wrote about 75k was when we broke above 100k 3 months ago. This bear trend is now confirmed and the only question for me is do we get 1 or 2 legs more. For now my main target remains 75000 and everything below is a bonus. The 50% retracement for the whole bull market since 2022-11 is at 62k, but I highly doubt we can get there in the medium term. The big bull trend line and monthly 20ema is now my lowest medium target - around 68/70k. We have not touched the monthly 20ema since 2023-10.
current market cycle: bear trend
key levels: 70k - 95k
bull case: Bulls stopped the fall above the breakout price around 74k and they want to keep some of the bull gap open to keep the hopes of a continuation up alive. On the weekly and monthly chart it is still a bull trend until we break below the trend line currently at 65k. Bulls main objective is now to print higher lows and bounce to at least the daily ema around 92k. Trends can only be very strong, if pull-backs are shallow and many traders trapped in losing positions, so they have to cover once it’s clear that we will get nowhere near their entry price. If bulls can bounce this above 90k or even 94k, all bulls who previously bought the lows and bought them now as well, will be able to make money.
Invalidation is below 70k.
bear case: Bears showed strength by finally closing consecutive days below 90k and even dropped below 80k. Now they need to break below the breakout price at 74k and close the gap to the previous ath. Once they have accomplished that, this bull trend is much less strong and they can try to test down to the bull trend line around 68k, depending on when we get there. Last weeks selling is likely the W1 of a intermediate bear trend inside the bigger bull trend. Could it be the start of a bigger bear trend where we test down to the 50% retracement of the multi-year bull trend around 62k? Possible but irrelevant for now. Bears have to take it level by level. I have drawn two potential ways forward for this wave-series. Much less bearish would be a bigger two-legged move where the pull-back would reach up to 94k and the second leg down could stay above 75k, if it would even get there. Much more bearish alternative would be a measured move down to almost exactly the named 50% retracement at 62k. We could get there in a 5-wave series, which is also drawn on the chart. As always, price is likely much more probable than timing on the chart.
Invalidation is above 95k.
short term: Max bearish. Any pullback is a good short with a stop 97k.
medium-long term - Update from 2025-02-23: 75000 is still my biggest target for 2025. Right now nothing is moving, so my targets are useless for any trade.
Here is my year end special outlook from 2024-12-29
bear case: The pain trade is to the downside. There is no arguing about that fact. Only issue for bears is that bubbles can go on for longer than anyone’s account can handle. So selling right now with a stop 109k is reasonable but most bears want more confirmation. Below 90000 more bulls have to cover and this will accelerate down. My targets in order are the breakout retest around 75000 and if things get bad enough there, we go down to the 50% pullback and the bull trend line at 62500. There I expect the market to go sideways for more time and depending on how we get there, we can estimate new targets above or below.
current swing trade: Looking to scale into shorts around 90k with stop 97k.
chart update: Added potential bear channel and two wave-series.
GOLD(XAUUSD) -Weekly forecast,Technical Analysis & Trading Ideas💡 GOLD ( OANDA:XAUUSD )
💡 Daily Timeframe:
As forecasted last week, gold started its decline when it hit the red channel line.
This decline will continue, but the support area of 2789.95 to 2772.38 could trigger a rebound.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
💡 H4 Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 2893.51
💡 H1 Timeframe:
2879.11 support is broken now. It will act as a Resistance now!
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
SL: Above 2893.51
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
KAITO Holding Rising Support – Is a Big Move Coming?$KAITO/USDT is respecting a rising support line, with price bouncing multiple times from this level. The current retest suggests a potential bullish continuation, especially with the Stochastic RSI in the oversold zone, indicating a possible reversal.
If the trendline holds, we may see a strong upward move, targeting previous highs around $2.50 - $3.00. However, a break below the support could invalidate the bullish outlook.
DYOR, NFA
GOLD 2H OUTLOOK FOR TODAYThe expected move in the price of gold can be analyzed on a 2-hour time frame. As we know, the overall trend of gold remains bullish. However, recently, gold has broken it's trendline support and has also confirmed a Market Structure Shift (MSS). Therefore, today, I will be looking at the market from a sell-side perspective. I will wait for the price to reach my given key levels and form some bearish or reversal patterns, so I can get an ideal entry point. Confirmation is crucial in this process. Let's dive deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
This is my analysis for today.
#XAUUSD 2H Technical Analysis Expected Move.
EUR/USD Daily Chart Analysis For Week of Feb 28, 2025Technical Analysis and Outlook:
In the initial rally attempt in this week's trading session, The Euro failed to reach our target of Inner Currency Rally 1.060 due to prevailing bearish sentiment. As a result, the market established a Mean Resistance target of 1.041. The current trend suggests a continuation of the downward price movement toward our designated target of Mean Support at 1.030, and there may be a retest of the Completed Outer Currency Dip at 1.020 via Key Support at 1.024. Conversely, if the anticipated downward trend does not materialize, we may witness the Eurodollar retesting the Mean Resistance level of 1.041 and subsequently target the Inner Currency Rally level of 1.060.
BTCUSD: Bearish Pattern Meets Bullish Liquidity – What’s Next?
📉 Bearish Outlook on LTF
On the 12H timeframe, a Head & Shoulders pattern is in play, with a projected target of $59,117.99 . This level aligns perfectly with the liquidity zone on the 4D chart, making it a key area of interest.
📈 Bullish Outlook on HTF
If buyers step in at this liquidity zone ($58,890.48) , BTC could see a second retest of the higher timeframe range before potentially reclaiming bullish momentum toward $146,750.87 .
🔍 Smart Money Perspective:
- A breakdown to GETTEX:59K confirms the Head & Shoulders pattern.
- A strong reversal from liquidity could turn this move into a second retest , fueling a long-term uptrend.
🎯 What’s Next?
Are we seeing a bearish continuation or the foundation for a massive reversal? Share your thoughts below!
JNJ Update | $120Been a while since I looked at NYSE:JNJ and it looks like we could see a drop towards $120 instead of going up to what was said in the old post.
Hourly/Daily price action is at a range high ($168 - $143) so I would expect a lot of selling pressure especially with how AMEX:SPY and TVC:RUT is performing right now.
Did Bitcoin Just Trick the Bears? RSI Says Yes!Bitcoin's recent price action suggests a potential bear trap, as the price sharply dipped below a key support zone before rebounding. The sudden breakdown may have triggered panic selling, but the rapid recovery and bullish divergence on RSI indicate that this could have been a false breakdown designed to shake out weak hands before a stronger upward move.
The price is now reclaiming levels above the previous demand zone, signaling a possible reversal. If Bitcoin sustains momentum and reclaims the $90,000 region, it could invalidate the bearish breakdown and push toward new highs.
Bitcoin: Wave 4 or Wave goodbye...to this variantIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bitcoin Wave 4?: Key Levels & Critical Juncture
Bitcoin’s recent price action has put traders on edge, as we continue to push into the deeper reaches of the Wave 4 territory. The market rejected 99-100K, aligning with expectations, but it took a deeper path than my bullish outlook preferred. While I caught the correct direction, this move is now at a critical juncture where bulls need to step up—this is their last chance to hold this count as a probability and regain momentum, IMO.
Losing Ground on This Count
A clean break above 99K never materialized, reinforcing bearish sentiment and increasing the likelihood of further downside. The bulls have struggled to gain control, and without a strong push, this count risks full invalidation. At this stage, I remain cautious, knowing that sticking to weak counts is a losing game.
Key Levels to Watch
🔹 86.6K – Immediate obstacle for bulls to reclaim 📈
🔹 92K – The real test; a reclaim here would suggest bullish intent 🎯
🔹 75K – Next major support if bulls fail to hold structure ⚡
What Comes Next?
If this variant is going to stay on the probability list, it has to prove itself now. It was cautiously at the top of the list, but has broken the key levels and ideal price action I was looking for to keep it there.
Bitcoin is at a make-or-break moment—will it find strength, or are we heading for a deeper correction? Let me know your thoughts in the comments. 🚀
Trade safe, trade smart, trade clarity.
GBPUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe:
FX:GBPUSD has been in a Range Bound recently. It touched and rejected from 1.2700 major resistance today.
A peak is formed in daily chart at 1.27150 on 02/26/2025, so more losses to support(s) 1.25107, 1.23609, 1.22589 and minimum to Major Support (1.20981) is expected.
💡 Four-hour Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.2715
💡 One-hour Timeframe:
1.2640 support is broken now. It will act as a Resistance now!
A strong bearish divergence has also formed in the RSI.
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
SL: Above 1.2715