4H CHART EXPLANATION:
Price is on a bearish trend since May, broke the daily Ascending channel and now it is making a bearish corrective structure facing a support zone. The idea of this trade is to short once the support zone is broken, and the potential movement may reach the next support zone.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
Price is on a bearish trend since May, broke the daily Ascending channel and now it is making a bearish corrective structure facing a support zone. The idea of this trade is to short once the support zone is broken, and the potential movement may reach the next support zone.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
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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.