Scenario 1 : The price will retrace as long as it bounced back from the Resistance Level created by the upper line of the trend channel (black). However, the 4h interval is not over so the candlestick is not fully created yet. The end of the price increase may be confirmed by another crossover registered by the MACD or Stochastic in the near future.
Scenario 2 : A breakout will be registered and if the price will also go through the Resistance level of 1.1040, will have a potential target at 1.1050.
Scenario 2 : A breakout will be registered and if the price will also go through the Resistance level of 1.1040, will have a potential target at 1.1050.
