🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸 It has been consolidating for the last month.
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🔸 It has bounced at the Resistance Zone with a strong rejection, so, we expect a breakout of the trendline and a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
🔸 Price broke the Ascending Trendline.
.
🔸 It has been consolidating for the last month.
.
🔸 It has bounced at the Resistance Zone with a strong rejection, so, we expect a breakout of the trendline and a downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS: