🔸4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone and broke the Ascending Trendline.
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🔸As we can see, now it is making a corrective structure.
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🔸In case of a bearish breakout, the first target is the Support Zone .
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🔸 Although we have a bearish view on this pair, we also have analyzed a bullish scenario in case price breaks the Resistance Zone.
🔸WEEKLY CHART ANALYSIS:
.
.
🔸Price bounced at the Resistance Zone and broke the Ascending Trendline.
.
🔸As we can see, now it is making a corrective structure.
.
🔸In case of a bearish breakout, the first target is the Support Zone .
.
🔸 Although we have a bearish view on this pair, we also have analyzed a bullish scenario in case price breaks the Resistance Zone.
🔸WEEKLY CHART ANALYSIS: