Hi!
Price is currently sitting right at the lower boundary of the triangle, showing compression and weakening momentum.
Price is compressing at the bottom of the triangle. A breakout above the top line would likely send the price up to retest the main descending trendline, where stronger resistance sits.
If instead the level fails and price breaks down from the lower boundary, it would confirm bearish continuation toward the 1.80 support zone.
Price is currently sitting right at the lower boundary of the triangle, showing compression and weakening momentum.
Price is compressing at the bottom of the triangle. A breakout above the top line would likely send the price up to retest the main descending trendline, where stronger resistance sits.
If instead the level fails and price breaks down from the lower boundary, it would confirm bearish continuation toward the 1.80 support zone.
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
Pubblicazioni correlate
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.