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Lingrid
May 10, 2021 8:49 AM

EURUSD fixation on RESISTANCE line and FALLΒ Short

Euro Fx/U.S. DollarFXCM

Description

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At the end of last week, the price came to the resistance zone 1.217. In this zone, the strong resistance line of February 2020 and the resistance line of July 2020 intersect. The price has touched this resistance zone twice and now I am expecting the start of the fall. My goal is thus 1.188 support line.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be gladπŸ‘©β€πŸ’»
Comments
ASFAND_GOLD
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im not a critic here and neither i wanna make someone feel disappointed in something but i guess 80% of your every trade is going opposite. maybe youre playing with the trendlines too much on very different time frames. anyways goodluck. im bearish also till 1.206.
Lingrid
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@ASFAND_GOLD, if you chose bearish, why?
what factors influenced this?
SmartXbot3AutoTrade
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hi Lingrid, thank you for your ideas. but am i noticing inverse H&S there? what do u think? with USD weakness, is it more possible EU will go long?
Lingrid
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@SmartXbot3AutoTrade, this week i think the price will fall)
I update it every day, so if something changes, you will find out about it)
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