A false breakout was formed in the area of 1.0400, where sellers' stop losses were collected. After that, the price rose sharply to the key resistance at 1.053. This level limits the market from further growth
Support: 1.0400, 1.0475 (key retest zone)
Resistance: 1.0530, 1.0629, 1.0682
Market Structure:
On the lower timeframes (4H), the price has broken the previous highs, which confirms the upward momentum.
Locally, a pullback to 1.0475 is possible before the growth continues.
Accumulation range:
We can see a consolidation phase between 1.0400 and 1.0475, after which the price impulsively went up.
The next consolidation may occur around 1.0475-1.0530 before an upside breakout.
Conclusion:
Expecting a correction to 1.0475 where buyers may activate.
Main scenario: Continued growth to 1.0530, then to 1.0629 and 1.0682.
Support: 1.0400, 1.0475 (key retest zone)
Resistance: 1.0530, 1.0629, 1.0682
Market Structure:
On the lower timeframes (4H), the price has broken the previous highs, which confirms the upward momentum.
Locally, a pullback to 1.0475 is possible before the growth continues.
Accumulation range:
We can see a consolidation phase between 1.0400 and 1.0475, after which the price impulsively went up.
The next consolidation may occur around 1.0475-1.0530 before an upside breakout.
Conclusion:
Expecting a correction to 1.0475 where buyers may activate.
Main scenario: Continued growth to 1.0530, then to 1.0629 and 1.0682.
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❤️ Telegram channel: t.me/AndeWave
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。