4H CHART EXPLANATION:
- Price is on a downtrend after bouncing at the Daily Resistance Zone.
- It has been on a corrective move for the past days.
- However, the supply zone at 121.00 did not allow the price to continue moving up.
- Now, we consider there is bearish potential towards the support zone.
- Will look for a lower timeframe bearish setup.
- Price is on a downtrend after bouncing at the Daily Resistance Zone.
- It has been on a corrective move for the past days.
- However, the supply zone at 121.00 did not allow the price to continue moving up.
- Now, we consider there is bearish potential towards the support zone.
- Will look for a lower timeframe bearish setup.
