-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction. -Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected. -We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line. -We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section!
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial advice.