🔸 4H CHART EXPLANATION:
.
🔸 We have two potential scenarios to consider on this pair.
.
🔸 The bullish one, in case price breaks the Resistance Zone, this could lead to a bullish move towards the next zone at 1.31500.
.
🔸 And the bearish, in case price breaks the Ascending Trendline to the downside, this could lead to a bearish move towards the Support Zone at 1.2200.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸DAILY CHART ANALYSIS:
.
🔸 We have two potential scenarios to consider on this pair.
.
🔸 The bullish one, in case price breaks the Resistance Zone, this could lead to a bullish move towards the next zone at 1.31500.
.
🔸 And the bearish, in case price breaks the Ascending Trendline to the downside, this could lead to a bearish move towards the Support Zone at 1.2200.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸DAILY CHART ANALYSIS:
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.