🔸DAILY CHART EXPLANATION:
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🔸Price has been a little choppy for the last weeks, moving aroung the Resistance Zone without clear direction.
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🔸We are waiting for the breakout of the current structure before considering any position on this pair. (Remember, trading is about reaction not prediction).
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🔸In case of a breakout to the downside, the bearish target is the Support Zone at 1.14500. And, in case of a breakout to the upside, the bullish target is the next Resistance Zone at 1.2400.
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🔸 Will look for a lower timeframe setup when the direction is clear.
🔸4H CHART ANALYSIS:
.
.
🔸Price has been a little choppy for the last weeks, moving aroung the Resistance Zone without clear direction.
.
🔸We are waiting for the breakout of the current structure before considering any position on this pair. (Remember, trading is about reaction not prediction).
.
🔸In case of a breakout to the downside, the bearish target is the Support Zone at 1.14500. And, in case of a breakout to the upside, the bullish target is the next Resistance Zone at 1.2400.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸4H CHART ANALYSIS: