🔸 4H CHART EXPLANATION:
.
🔸 Price broke the Descending Trendline.
.
🔸 After that, it consolidated on a Descending Wedge, which was broken to the upside.
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🔸 At this moment price is facing the Resistance Zone at 1.09800, which, if it is broken, it has potential to reach the next zone at 1.1200.
.
🔸 Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
.
🔸 Price broke the Descending Trendline.
.
🔸 After that, it consolidated on a Descending Wedge, which was broken to the upside.
.
🔸 At this moment price is facing the Resistance Zone at 1.09800, which, if it is broken, it has potential to reach the next zone at 1.1200.
.
🔸 Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
Disclaimer
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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.