After a strong fall to the support zone, no one could redeem the instrument, there was no rollback. It consolidated in this zone and broke down with an impulse. The week is closed. I'm expecting a fall. Target - resistance 1.4445
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
but the market close ontop of a strong weekly trendline...my thought is I think buying pressure will set in their and I would take my risk on long position with a proper risk management if paraventure the market invalidate the trendline then I would cut my lose nd look to sell short on the trendline which can now act as a resistance...