🔸DAILY CHART EXPLANATION:
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🔸Price broke the Ascending Trendline but it could not stay below.
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🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term.
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🔸In a lower timeframe, a breakout of the previous lower high can be appreciated. We are waiting for a retest of that zone before considering a bullish trade.
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🔸 Will look for a lower timeframe bullish setup.
🔸4H CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline but it could not stay below.
.
🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term.
.
🔸In a lower timeframe, a breakout of the previous lower high can be appreciated. We are waiting for a retest of that zone before considering a bullish trade.
.
🔸 Will look for a lower timeframe bullish setup.
🔸4H 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.