4H CHART EXPLANATION:
Based on the Higher Timeframe Analysis, we consider that this pair is on the end of the Bearish Trend. On the 4H timeframe, we would wait to the breakout of the last maximum Levels to be broke to consider placing a trade. The short term targets are the Top of the Descending Channel, the Resistance Zone, and the Lower timeframe Descending Wedge.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Based on the Higher Timeframe Analysis, we consider that this pair is on the end of the Bearish Trend. On the 4H timeframe, we would wait to the breakout of the last maximum Levels to be broke to consider placing a trade. The short term targets are the Top of the Descending Channel, the Resistance Zone, and the Lower timeframe Descending Wedge.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: