AUDCHF FALL from strong RESISTANCE
The price has shown strong growth this week. In the last two days alone, it has managed to break through two resistance lines.
Both of these lines are very strong, one has existed since November 2019, the second - since February 2020. And a strong resistance zone is formed at the point where they intersect.
However, on the chart, we see that after the breakout, the price almost immediately returned within these lines. And this gives a good reason to expect a further fall in prices.
I believe it will bounce off the resistance zone and fall to the support line. The target is the 0.635 support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Both of these lines are very strong, one has existed since November 2019, the second - since February 2020. And a strong resistance zone is formed at the point where they intersect.
However, on the chart, we see that after the breakout, the price almost immediately returned within these lines. And this gives a good reason to expect a further fall in prices.
I believe it will bounce off the resistance zone and fall to the support line. The target is the 0.635 support 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.