The price came to a very strong resistance zone and tried to break it. First, the resistance level of 1.197 passes in this zone. And at the same point, it is crossed by the resistance line, the first touch of which occurred back in September 2019.
As you can see on the older TF, the price has been constantly hitting this line for the last few months and has never risen above it.
Such a strong resistance zone suggests that the next step in the price will be a fall. And I think this is a great time to open a sell trade. I will never tire of reminding you of the importance of SL - set it above the resistance zone around 1.230. In this situation, the price will fall to the nearest support line at 1.187. This will be the proposed TP
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.