Lingrid

AUDUSD start FALL from strong RESISTANCE

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
In September last year, during a small uptrend, the price suddenly collapsed and broke through the support line at 0.725, but stopped at the next support at 0.701 and, with its help, started a new uptrend.

The price moved in this trend until the end of 2020, however, already in mid-December it rose to the support line, moved along it for some time, and in early January it was able to rise and break through the 0.762 line.

After this breakout, the price showed very good growth. In the course of the growth, it sent the strong resistance line that was formed in 2008. And as expected, it could not break through the line.
Over the past month, the price has already touched the line twice and fell from it.

Now it is again at the resistance line 0.778.
Since the price has already started to fall, I expect the fall to continue. I expect the price to break through the 0.771 support line and drop to the 0.760 support.

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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Comments

The price is left to break the line and we will calm!
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Lingrid Solldy
@Solldy, thank you)
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It is clear from your idea that the price will go down towards the idea.
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Lingrid DeGRAM
@DeGRAM, 😏
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agree 👍
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Lingrid FOREXTRADINGINFO
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dear it motion price to side sell
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Lingrid TradingAlchemist
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