Euro can reach seller zone and then rebound down

30 set

Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago started to decline from the resistance level inside the downward channel. In channel, the price rebounded from the resistance line of the channel and dropped to the support level, which coincided with the buyer zone and support line of the channel. Then the price made a fake breakout of 1.1050 level and then rebounded up, thereby exiting from the downward channel and then turned around and started to decline inside the wedge. EUR dropped to the support line of the wedge, breaking the support level, but soon it started to grow and rose back and broke this level again. Then price continued to grow in a wedge, and later reached the resistance line, after which made a correction below. EUR fell to the support line of the wedge and then in a short time rose to the resistance line of the wedge, but soon turned around and declined back. A not long time ago price repeated movement up from the support line and at the moment it trades very close to the resistance level. So, I think that the price can rise to the seller zone and then it turn around and fall to support line of the wedge. That's why I set my TP at 1.1155 level. Please share this idea with your friends and click Boost 🚀

1 ott

Trade chiuso: obiettivo raggiunto

Good! Euro dropped even lower the support line of the wedge, reaching my TP 👍