GBPUSD FALL fron STRONG RESISTANCE

In early September, the price broke through the strong support line at 1.303. Then it fixed on the support line 1.269 and started to grow. Then she showed the second fixing.

This is very important because in most cases, it is after such a consolidation that the price shows strong growth. As you can see, after the second time the price bounced off the support line 1.288, it started to rise strongly.

During the growth, the price came to a strong resistance level of 1.346. This level is very strong - as you can see on the chart since December 2019, every touch by the price of this level led to a reversal and a change in the trend direction. It is already clear that this time the price has already reversed from the level towards the fall.

I expect the price to fall towards the strong support line at 1.328. If you wish, you can open a sell signal from this point. In this case, set SL just above the resistance level.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻