🔸 DAILY CHART EXPLANATION:
.
.
🔸 Price made a Strong Downside Move since the beggining of the year, which has been corrected for the last weeks.
.
🔸 Now, it is facing the confluence zone between the Descending Trendline and the Resistance Zone.
.
🔸 We consider there is Bearish Potential from here.
.
🔸 Will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price made a Strong Downside Move since the beggining of the year, which has been corrected for the last weeks.
.
🔸 Now, it is facing the confluence zone between the Descending Trendline and the Resistance Zone.
.
🔸 We consider there is Bearish Potential from here.
.
🔸 Will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS: