🔸 4H CHART EXPLANATION:
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🔸 Price has been moving on a range for a few weeks.
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🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken.
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🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS:
.
🔸 Price has been moving on a range for a few weeks.
.
🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken.
.
🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance Zone.
.
🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS: