4H CHART EXPLANATION:
Price was on a downtrend, but it started to lose momentum. New higher highs and higher lows was printed, and the Ascending Channel was broken. Now, it did a pullback towards the broken trendline of the channel, and it was rejected. We expect a new bullish impulse on this pair. Will look for a lower timeframe setup.
DAILY CHART ANALYSIS:
Price was on a downtrend, but it started to lose momentum. New higher highs and higher lows was printed, and the Ascending Channel was broken. Now, it did a pullback towards the broken trendline of the channel, and it was rejected. We expect a new bullish impulse on this pair. Will look for a lower timeframe setup.
DAILY CHART ANALYSIS:
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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.