Hello guys!
It looks like a clear double top has formed on the chart, signaling potential bearish pressure. The neckline of this pattern has already been broken to the downside, confirming the reversal structure and adding weight to a potential move lower.
Currently, the price is sitting right on the lower boundary of the ascending channel. This is a key decision area, as long as the channel support holds, there’s still a chance for a short-term bounce. However, if this bottom trendline gives way, it would likely trigger a continuation of the bearish momentum that started after the double top confirmation.
If the breakdown happens, the next logical target sits around 0.3698, which aligns with previous structure support. A sustained move below that level could open the door for further downside, possibly toward the 0.3450–0.3500 zone.
In short:
✅ Double top confirmed → neckline broken
⚠️ Price testing channel support
🔻 Break below = potential short setup toward 0.3698 and lower
It looks like a clear double top has formed on the chart, signaling potential bearish pressure. The neckline of this pattern has already been broken to the downside, confirming the reversal structure and adding weight to a potential move lower.
Currently, the price is sitting right on the lower boundary of the ascending channel. This is a key decision area, as long as the channel support holds, there’s still a chance for a short-term bounce. However, if this bottom trendline gives way, it would likely trigger a continuation of the bearish momentum that started after the double top confirmation.
If the breakdown happens, the next logical target sits around 0.3698, which aligns with previous structure support. A sustained move below that level could open the door for further downside, possibly toward the 0.3450–0.3500 zone.
In short:
✅ Double top confirmed → neckline broken
⚠️ Price testing channel support
🔻 Break below = potential short setup toward 0.3698 and lower
Сделка активна
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Похожие публикации
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.