🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline after bouncing at a Daily Resistance.
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🔸 We consider it has potential to make a downside move towards the Support Zone at 0.8700.
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🔸 On a lower timeframe, there is a clear consolidation/corrective move.
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🔸 Will take a short trade based on that corrective pattern.
🔸 DAILY CHART ANALYSIS:
.
.
🔸 Price broke the Ascending Trendline after bouncing at a Daily Resistance.
.
🔸 We consider it has potential to make a downside move towards the Support Zone at 0.8700.
.
🔸 On a lower timeframe, there is a clear consolidation/corrective move.
.
🔸 Will take a short trade based on that corrective pattern.
🔸 DAILY CHART ANALYSIS: