4H CHART EXPLANATION:
Main Items we see on the chart:
-Price has broken the ascending trendline after bouncing on the weekly ascending channel
-Price couldn't re-enter the previous zone after a Pullback to the broken ascending trendline
-Currently, we can see the price inside a corrective structure
-Based on this if the price breaks out the corrective structure and closes below 6.0050 we expect a continuation of the downward movement towards 5.3700
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Main Items we see on the chart:
-Price has broken the ascending trendline after bouncing on the weekly ascending channel
-Price couldn't re-enter the previous zone after a Pullback to the broken ascending trendline
-Currently, we can see the price inside a corrective structure
-Based on this if the price breaks out the corrective structure and closes below 6.0050 we expect a continuation of the downward movement towards 5.3700
MULTI TIMEFRAME VISION:
-Weekly :
-Daily: