Hello guys!
The chart is shaping into a classic three-drives pattern.
We already saw the first drive and the second drive, complete with similar extensions.
Now, the market seems to be setting up for the third drive lower, which could push the price into the 0.000110 – 0.000115 area.
If this structure works out, that zone may provide a potential reaction or reversal point. For now, momentum remains bearish until the third leg completes.
Plan:
Bearish bias short-term, looking for the next drive to the downside.
The chart is shaping into a classic three-drives pattern.
We already saw the first drive and the second drive, complete with similar extensions.
Now, the market seems to be setting up for the third drive lower, which could push the price into the 0.000110 – 0.000115 area.
If this structure works out, that zone may provide a potential reaction or reversal point. For now, momentum remains bearish until the third leg completes.
Plan:
Bearish bias short-term, looking for the next drive to the downside.
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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.