Lingrid

EURAUD continues FALL in trend

Short
FOREXCOM:EURAUD   Euro / Australian Dollar
The price continues to move in a downtrend that began in September 2020. The guiding lines for this trend are the support line - which also appeared in September, and the resistance line - December 2020.

From the moment of the formation of the resistance line, the price moves exactly within the trend. Last week it came to the support line 1.559, pushed off more and started to grow.

During this growth, the price approached and then touched the resistance line 1.573, where it is now. I expect the price to continue moving in the trend, namely, to continue falling.

I expect the price to fall from the resistance line to the support line. Thus, our target is 1.544.

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

Well done
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I respect your work Lingrid!
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Lingrid Solldy
@Solldy, thank you so much)
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nice and simple for me
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Lingrid TradingAlchemist
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what is Stop loss for this trade lingride?
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Lingrid Doodle_09
@Doodle_09, 1.185 👌
+1 Reply
Doodle_09 Lingrid
@Lingrid, 1.185 how this number possible for SL in Shorts.!!
Reply
Lingrid Doodle_09
@Doodle_09, this is a stop loss
Reply
@Lingrid, did you mean 1.58?
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