๐ธ 4H CHART EXPLANATION:
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๐ธ Price broke the Descending Trendline and made a strong upside move.
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๐ธ Now, it is facing the Resistance Zone.
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๐ธ We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone.
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๐ธ Will look for a lower timeframe setup when the direction is clear.
๐ธ DAILY CHART ANALYSIS:
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๐ธ Price broke the Descending Trendline and made a strong upside move.
.
๐ธ Now, it is facing the Resistance Zone.
.
๐ธ We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone.
.
๐ธ Will look for a lower timeframe setup when the direction is clear.
๐ธ DAILY CHART ANALYSIS: