4H CHART EXPLANATION:
Price was on a downtrend, but it started to lose momentum. New higher highs and higher lows was printed, and the Ascending Channel was broken. Now, it did a pullback towards the broken trendline of the channel, and it was rejected. We expect a new bullish impulse on this pair. Will look for a lower timeframe setup.
DAILY CHART ANALYSIS:
Price was on a downtrend, but it started to lose momentum. New higher highs and higher lows was printed, and the Ascending Channel was broken. Now, it did a pullback towards the broken trendline of the channel, and it was rejected. We expect a new bullish impulse on this pair. Will look for a lower timeframe setup.
DAILY CHART ANALYSIS:
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