Since November this year, the price of the currency pair has shown a steady growth. During this growth, the price consistently broke through the support line at 0.742, then the support line at 0.757. And as a result, it came to the resistance line 0.764.
This is a very strong line, which began to form back in 2009, and therefore it is not surprising that its price immediately collapsed after it came together. For the last month, we have seen the price move along the 0.759 support line. During this time, she broke this line several times.
However, the strong resistance line gave no room for growth. Moreover, both lines intersect and therefore I expect that in the near future the price will fall for support, fall into the resistance zone formed by two lines and begin to fall.
But to begin with, it will touch the resistance line at 0.763, after which it will reverse in the fall. It will break through the support line and consolidate on it around 0.760. And then it will fall to the next support line 0.743. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
This is a very strong line, which began to form back in 2009, and therefore it is not surprising that its price immediately collapsed after it came together. For the last month, we have seen the price move along the 0.759 support line. During this time, she broke this line several times.
However, the strong resistance line gave no room for growth. Moreover, both lines intersect and therefore I expect that in the near future the price will fall for support, fall into the resistance zone formed by two lines and begin to fall.
But to begin with, it will touch the resistance line at 0.763, after which it will reverse in the fall. It will break through the support line and consolidate on it around 0.760. And then it will fall to the next support line 0.743. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.