Some time ago the price touched the strong resistance zone of 139.626. This zone is formed by two resistance lines at once, one of which is the strongest - in 2016, and the second - in 2018. Also in this zone is the resistance level.
As you can see on the larger timeframe, since 2016, each arrival of the price to this line ended with its collapse and trend reversal. In 2016, another resistance line was formed, in the case of it, the price periodically made breakouts, but two lines still created strong resistance, and all this time the price did not go up higher.
Now we see that having touched the zone, the price began to fall again. So now I expect it to fall further. And this is a great entry point for opening a sell trade! I will never tire of reminding you of the importance of SL - set it along the senior resistance line around 140.230.
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.