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
액티브 트레이드
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
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
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
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.