🔸WEEKLY CHART EXPLANATION:
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🔸Price is on a downtrend since 2015, making lower lows and lower highs.
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🔸We can observe that it has bounced at the Descending Trendline.
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🔸The first target that we are considering is the Support Zone at 70.000.
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🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe corrective move.
🔸4H CHART ANALYSIS:
.
.
🔸Price is on a downtrend since 2015, making lower lows and lower highs.
.
🔸We can observe that it has bounced at the Descending Trendline.
.
🔸The first target that we are considering is the Support Zone at 70.000.
.
🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe corrective move.
🔸4H CHART ANALYSIS: