The price has been moving in a global downtrend since July 2020. Despite the fact that there are also local lines inside the channel, now the price has approached the channel boundaries and they have a greater influence on it. We can expect the price to bounce off the channel border at 1.518 and rise to the level of 1.536.
SL - 1.513.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.513.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.