On the 4H chart, you can see the following:
- There is an ascending trendline and the pair has reached an area of resistance and impulsed to the downside.
- RSI on the 4H and daily chart is indicating that the pair is losing strength.
- I would like to see a breakthrough of the ascending trendline, then a retest and rejection of the aforementioned trendline followed by an impulse to the downside towards the areas of support.
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- There is an ascending trendline and the pair has reached an area of resistance and impulsed to the downside.
- RSI on the 4H and daily chart is indicating that the pair is losing strength.
- I would like to see a breakthrough of the ascending trendline, then a retest and rejection of the aforementioned trendline followed by an impulse to the downside towards the areas of support.
Please like, comment or follow if you enjoyed my analysis. Thanks