Current Price: 1.16822
Price is under:
Double Top Resistance Area (1.17800+)
Multiple lower highs and rejection arrows marked
Path expectation:
Choppy drop into FVG (Fair Value Gap) at 1.16200
Then break lower → final target at ~1.15300
Possibly deeper move into the Support Area (~1.14500–1.14700)
⚡ Disruption Scenario (Bullish Counter-Narrative)
✅ 1. FVG as a Reversal Catalyst
Fair Value Gaps are not always continuation zones — they often attract reversals when paired with:
Oversold RSI
Bear exhaustion
Strong hourly bullish engulfing near 1.16200
→ The FVG zone might actually spring the price higher, not lower.
✅ 2. Hidden Bullish Divergence Possibility
Price is making lower highs and lower lows
But if momentum indicators (like MACD or RSI on the 4H) show bullish divergence, a bounce becomes likely
→ That would make the selloff a bear trap before reversion
✅ 3. Overextended Bearish Sentiment
The many rejection arrows suggest an overcrowded short bias
Crowded trades tend to unwind explosively — especially if:
Price sweeps the FVG low
Then immediately reclaims 1.1700
🔄 Bullish Disruption Path
Drop into 1.16200 (FVG zone)
Quick bounce → reclaim 1.16800
Push toward 1.17500
If cleared → retest the Double Top Resistance zone (~1.18000)
🧨 Invalidation of Disruption
Clean 4H close below 1.1600
Breakdown structure confirming continuation toward 1.15300
Price is under:
Double Top Resistance Area (1.17800+)
Multiple lower highs and rejection arrows marked
Path expectation:
Choppy drop into FVG (Fair Value Gap) at 1.16200
Then break lower → final target at ~1.15300
Possibly deeper move into the Support Area (~1.14500–1.14700)
⚡ Disruption Scenario (Bullish Counter-Narrative)
✅ 1. FVG as a Reversal Catalyst
Fair Value Gaps are not always continuation zones — they often attract reversals when paired with:
Oversold RSI
Bear exhaustion
Strong hourly bullish engulfing near 1.16200
→ The FVG zone might actually spring the price higher, not lower.
✅ 2. Hidden Bullish Divergence Possibility
Price is making lower highs and lower lows
But if momentum indicators (like MACD or RSI on the 4H) show bullish divergence, a bounce becomes likely
→ That would make the selloff a bear trap before reversion
✅ 3. Overextended Bearish Sentiment
The many rejection arrows suggest an overcrowded short bias
Crowded trades tend to unwind explosively — especially if:
Price sweeps the FVG low
Then immediately reclaims 1.1700
🔄 Bullish Disruption Path
Drop into 1.16200 (FVG zone)
Quick bounce → reclaim 1.16800
Push toward 1.17500
If cleared → retest the Double Top Resistance zone (~1.18000)
🧨 Invalidation of Disruption
Clean 4H close below 1.1600
Breakdown structure confirming continuation toward 1.15300
Trade active
Note
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.
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.