Hello everyone ๐,
Looking at the chart, we can clearly observe a bearish structure forming. Price has been consistently rejecting from higher levels and showing weakness near the marked resistance zones. Multiple CHoCH (Change of Character) signals and order block rejections suggest sellers are gaining control.
Indicators confirm this setup:
Volume Profile shows heavy selling pressure around the highlighted supply area.
Market Structure remains bearish with lower highs and lower lows.
Momentum is slowing down, pointing to a potential continuation to the downside.
Recommendations:
If price fails to reclaim the highlighted resistance area, downside continuation is highly probable.
Short positions are favorable below the resistance zone, targeting the next demand levels shown.
Always use proper risk management and stick to your trading plan.
Looking at the chart, we can clearly observe a bearish structure forming. Price has been consistently rejecting from higher levels and showing weakness near the marked resistance zones. Multiple CHoCH (Change of Character) signals and order block rejections suggest sellers are gaining control.
Indicators confirm this setup:
Volume Profile shows heavy selling pressure around the highlighted supply area.
Market Structure remains bearish with lower highs and lower lows.
Momentum is slowing down, pointing to a potential continuation to the downside.
Recommendations:
If price fails to reclaim the highlighted resistance area, downside continuation is highly probable.
Short positions are favorable below the resistance zone, targeting the next demand levels shown.
Always use proper risk management and stick to your trading plan.
Forex | Gold | Crypto | Indices
Signals Across All Major Symbols
Real Trades โข Risk-Managed Strategies โข Market Insights
Join Telegram: t.me/RobertFXAssets
Signals Across All Major Symbols
Real Trades โข Risk-Managed Strategies โข Market Insights
Join Telegram: t.me/RobertFXAssets
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Forex | Gold | Crypto | Indices
Signals Across All Major Symbols
Real Trades โข Risk-Managed Strategies โข Market Insights
Join Telegram: t.me/RobertFXAssets
Signals Across All Major Symbols
Real Trades โข Risk-Managed Strategies โข Market Insights
Join Telegram: t.me/RobertFXAssets
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.