🔸 WEEKLY CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸 It is moving on a Descending Channel.
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🔸 The bullish move is about to face the Descending Trendline, so, we consider two options here. In case that price breaks the zone, then it has potential to make a pullback to the broken Ascending Trendline, and, if price bounces at the zone, then we could see a bearish move towards the Support Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS:
.
.
🔸 Price broke the Ascending Trendline.
.
🔸 It is moving on a Descending Channel.
.
🔸 The bullish move is about to face the Descending Trendline, so, we consider two options here. In case that price breaks the zone, then it has potential to make a pullback to the broken Ascending Trendline, and, if price bounces at the zone, then we could see a bearish move towards the Support Zone.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS: