On the chart, you can find both a head and shoulders pattern and a wedge and a straight channel + many trend lines of lower and higher TFs. Everything suggests that the price will fall in the near future. I will consider the movement in the downtrend that formed months ago.
The price bounced off the resistance trend line at 1.213 and fell to support. The price will go down to position 1.190 (+/-).
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
The price bounced off the resistance trend line at 1.213 and fell to support. The price will go down to position 1.190 (+/-).
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.