DeGRAM

EURUSD false breakout and fall

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
Last time you and I opened a sell trade, but after a slight drop, the price rose again to SL.
It is important to clarify that now the price is still within the acceptable correction range and has not broken through the SL.
Plus - I am still convinced that the price will fall.
The resistance line, which has now been broken by the price, is one of the defining lines on today's chart.
It was formed in 2019.
early October, the price was able to break it during the fall.
And for the last two months, I have never significantly penetrated it during growth.
Both breakouts on the chart are false (one of them is generally a candlestick shadow).
And both times the price fell again.
I'm sure today's breakdown is also false.
The price did not have really meaningful support and strong impulses from the news.
I expect the price to return within the line and then fall.
Target - line 1.177.

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Comments

Short the euro again and again, stop losing again and again. -.-
+8 Reply
DeGRAM Kendy_Sneaker
@Kendy_Sneaker, The idea say that the price chooses to fall
+2 Reply
@DeGRAM, I hope so
Reply
DeGRAM Lingrid
@Lingrid, Interesting idea
Reply
Looks like your 1st black line is a support zone now.

This is mine .
Reply
Great idea mate
Reply
Thanks for your hard work! Waiting patiently for the drop 🔨
Reply
high potential to move downward...nice
Reply
Nice analysis @DeGRAM
Reply
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