🔸4H CHART EXPLANATION:
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🔸Price bounced at the Support Zone where it has bounced multiple times.
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🔸It has broken the Descending Trendline.
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🔸The long term target is the Resistance Zone at 1.8200 if price manages to break the previous local highs.
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🔸We can observe that there is a lower timeframe consolidation at this moment. We are planning a trade based on that price level.
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🔸Price bounced at the Support Zone where it has bounced multiple times.
.
🔸It has broken the Descending Trendline.
.
🔸The long term target is the Resistance Zone at 1.8200 if price manages to break the previous local highs.
.
🔸We can observe that there is a lower timeframe consolidation at this moment. We are planning a trade based on that price level.