EURUSD Open sale trade - profit 120 p.
Since the end of July 2020, the price has been moving in a direct channel, into which it fell after a strong growth impulse.
And now the price is near the upper line of this channel - the resistance line (fixation after a small pullback).
There is also a strong resistance line not far from this line (the first touch occurred in the 2019).
All this together creates a strong zone, which price is unlikely to break through.
And this is a good signal to sell.
SL - this time I set along the upper, strongest resistance line at 1.193.
Even if the price breaks through the channel line, it will very hard go beyond this resistance line.
TP - the area of the support line at 1.172.
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Thank you for your support!
And now the price is near the upper line of this channel - the resistance line (fixation after a small pullback).
There is also a strong resistance line not far from this line (the first touch occurred in the 2019).
All this together creates a strong zone, which price is unlikely to break through.
And this is a good signal to sell.
SL - this time I set along the upper, strongest resistance line at 1.193.
Even if the price breaks through the channel line, it will very hard go beyond this resistance line.
TP - the area of the support line at 1.172.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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t.me/DeGRAMForex
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