$FIL
High-conviction bearish continuation setup on the 1H chart. Price has reversed sharply from the $1.04 resistance area and formed a clear sequence of lower highs and lower lows. The breakdown through $0.94 has increased selling pressure, with price now testing the $0.90 support zone and showing weak recovery attempts.
EP: $0.915–$0.930
TP1: $0.880
TP2: $0.850
TP3: $0.820
SL: $0.950
Trend strength is bearish, with sellers maintaining control below the $0.94–$0.95 resistance zone and momentum continuing to weaken.
The $0.90 area is the immediate support and liquidity zone; a clean breakdown and 1H close below it would confirm further downside continuation.
A failed reclaim of $0.915–$0.930 can provide the next short opportunity, targeting $0.880, $0.850 and potentially $0.820.
$FIL
High-conviction bearish continuation setup on the 1H chart. Price has reversed sharply from the $1.04 resistance area and formed a clear sequence of lower highs and lower lows. The breakdown through $0.94 has increased selling pressure, with price now testing the $0.90 support zone and showing weak recovery attempts.
EP: $0.915–$0.930
TP1: $0.880
TP2: $0.850
TP3: $0.820
SL: $0.950
Trend strength is bearish, with sellers maintaining control below the $0.94–$0.95 resistance zone and momentum continuing to weaken.
The $0.90 area is the immediate support and liquidity zone; a clean breakdown and 1H close below it would confirm further downside continuation.
A failed reclaim of $0.915–$0.930 can provide the next short opportunity, targeting $0.880, $0.850 and potentially $0.820.
$FIL
