Market Structure (Quick Read)
Overall short-term trend = bearish
Price made a strong drop, then formed a weak consolidation / pullback
Current move looks like a relief bounce into resistance, not a full reversal
RSI still below 50 → no strong bullish momentum
Key LevelsResistance: 0.865 → 0.869 (major rejection zone)
Strong Resistance: 0.893 – 0.899
Support: 0.853
Major Support: 0.852 (very important level)
⚡ Trade Setup (High Probability)
SHORT
Entry: 0.865 – 0.869
Stop Loss: 0.878
Targets:
TP1: 0.853
TP2: 0.845
TP3: 0.835 (extended if momentum continues)
Reason:
Price is rejecting resistance
Lower highs structure still intact
Weak buying volume on the bounce
Alternative LONG (Only if breakout)
Condition: Strong 15m candle close above 0.870 + retest holds
Entry: 0.872 (after confirmation)
Stop Loss: 0.858
Targets:
TP1: 0.885
TP2: 0.895TP3: 0.914
⚠️ This is less probable unless breakout volume increases.
Pro Tip
Right now this is a sell-the-rally market, not buy-the-dip.
Don’t long blindly — wait for confirmation.
