🔸4H CHART EXPLANATION:
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🔸Price broke the Ascending Trendline.
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🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure.
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🔸We are waiting for a breakout to the downside, and also we need a break of the Support Zone. The potential target is the next Support at 1.50500.
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🔸 Will look for a lower timeframe bearish setup once the direction is clear.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline.
.
🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure.
.
🔸We are waiting for a breakout to the downside, and also we need a break of the Support Zone. The potential target is the next Support at 1.50500.
.
🔸 Will look for a lower timeframe bearish setup once the direction is clear.
🔸DAILY CHART ANALYSIS:
