The price of this currency pair is characterized by long and abundant movements. So, in July, the price increased for a long time, after which it changed its trend to a downtrend and fell. This was repeated several times. Recently, after a prolonged growth, the price came to the resistance line, turned around and began to fall.
I use the ten-hour timeframe to show that every time it hit this line, the price reverses and starts to fall. Apparently, it happened this time too.
Now the price is at the support line, having touched it. I expect the price to take advantage of the support and rise back to the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.