🔸4H CHART EXPLANATION . 🔸 Price broke the Ascending Trendline. . 🔸 Also, the Support Zone has been broken (Now Resistance Zone). . 🔸 We are waiting for a breakout of this retracement before considering short positions. . 🔸 We will look for a lower timeframe bearish setup in case the breakout happens.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.