🔸 DAILY CHART EXPLANATION:
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🔸 Price has reached the top of the Descending Channel, and was rejected there.
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🔸 We consider it has bearish potential.
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🔸 The target of the downside move is the bottom trendline of the Descending Channel.
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🔸 We will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price has reached the top of the Descending Channel, and was rejected there.
.
🔸 We consider it has bearish potential.
.
🔸 The target of the downside move is the bottom trendline of the Descending Channel.
.
🔸 We will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS: