🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Weekly Ascending Trendline.
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🔸It has also broken the Descending Trendline.
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🔸 We consider that the first bullish target is the Resistance Zone. If it is broken, then we will wait for a retest before looking for a long trade.
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🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Weekly Ascending Trendline.
.
🔸It has also broken the Descending Trendline.
.
🔸 We consider that the first bullish target is the Resistance Zone. If it is broken, then we will wait for a retest before looking for a long trade.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS: