Daily Chart Explanation:
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🔸 Price has reached the bottom of the Descending Channel, where it was rejected.
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🔸 It started a bullish move, which broke the Resistance Zone (now Support Zone).
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🔸 The target of the upside move is the upper Descending Trendline of the channel.
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🔸 We will look for a lower timeframe bullish setup.
4H CHART ANALYSIS:
.
.
🔸 Price has reached the bottom of the Descending Channel, where it was rejected.
.
🔸 It started a bullish move, which broke the Resistance Zone (now Support Zone).
.
🔸 The target of the upside move is the upper Descending Trendline of the channel.
.
🔸 We will look for a lower timeframe bullish setup.
4H CHART ANALYSIS: