🔸4H CHART EXPLANATION:
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🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
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🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
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🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
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🔸 Will look for a lower timeframe bearish setup
.
.
🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
.
🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
.
🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
.
🔸 Will look for a lower timeframe bearish setup
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.