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DeGRAM
Nov 6, 2020 8:24 AM

EURUSD Sell signal from strong resistance Short

Euro / U.S. DollarFOREX.com

Description

Of course, I did not hope that the US elections would really end on November 3, but I have to admit that the forecasts are greatly affected by the changes in the disposition of forces.
During yesterday's trading session, the price rose very strongly.
And when I say very strongly I mean it - I mean it broke three (!) Resistance lines.

Now the price has stopped at the latter.
I don't think she can continue to grow.
Plus, the statistics of votes in general have become more definite.
I expect that after a sharp rise and breaking through three resistance lines, the price will stop. And then it will start falling from the resistance line to the support line at 1.16356.
And this is a signal to sell.
TP - will follow the support line.
SL - along the resistance zone.
But we will keep a close eye on the news

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Comments
TansinghT
Thanks for sharing good idea
jerukaseliks
NiceJobToday
MasloffViktor
I liked your analysis, great job
DeGRAM
@MasloffViktor, Thanks bro
dmitriisavelevich
Thanks. Everything is at an excellent level. Your analysis is top-notch. I did not expect anything else.
DeGRAM
@dmitriisavelevich, Thanks for words.
413c2d6b6f7741fda8bbee2e69abea
Good graph, correctly reflects the situation
DeGRAM
TradingAlchemist
hard price will fall friend
DeGRAM
@TradingAlchemist, Last time the price broke these lines easily
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