$FXS – DOWNTREND PRESSURE STILL ACTIVE

Price continues to slide with a sequence of lower highs and lower lows, showing that sellers remain firmly in control on $FXS after the failed push above 0.785. The recent candle shows a small reaction from 0.748 support, but momentum is still heavily bearish, and any bounce is likely to be corrective unless buyers reclaim the 0.765 zone.

Trade Setup (Short)

Entry Range: 0.754 – 0.759

Target 1: 0.744

Target 2: 0.736

Target 3: 0.728

Stop Loss (SL): 0.766

Market Outlook:

The structure favors continuation to the downside as long as price remains under 0.765. Small intraday bounces are possible, but overall trend direction remains bearish.