AUDUSD fix on RESISTANCE line and FALL
On November 24, the price tried to break through the resistance line at 0.735. And since then it has been moving within the line, breaking through it either during growth or during pullbacks.
On this chart, this is a fairly strong resistance line, stretching from July 2020.
The largest breakout occurred on November 27, when the price rallied above the line and moved above it for several days. However, already now we see that the price has returned within the line.
And then, adjust, touch it and fix. This is a good signal to expect an imminent fall.
I expect the price to reverse from the 0.736 resistance line and fall to the 0.731 support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
On this chart, this is a fairly strong resistance line, stretching from July 2020.
The largest breakout occurred on November 27, when the price rallied above the line and moved above it for several days. However, already now we see that the price has returned within the line.
And then, adjust, touch it and fix. This is a good signal to expect an imminent fall.
I expect the price to reverse from the 0.736 resistance line and fall to the 0.731 support line.
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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💰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.
📚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.