EURGBP on strong SUPPORT line
As you can see from my previous profitable forecasts, the price continues to move in a downward channel.
First, the price came to the upper border of this channel - the resistance line, fixed there and began to fall.
Then, half way to the lower border of the channel, the price drop stopped at the support line.
Now the price is ready to fix on this line and return to resistance again. The support line, which is holding back the fall, is strong - it has existed since the beginning of this year, so I think that now the price will not be able to break it.
It is important to note that the final target is a strong resistance zone, at the intersection of the channel line and the strong resistance line. The estimated target is 0.907.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
First, the price came to the upper border of this channel - the resistance line, fixed there and began to fall.
Then, half way to the lower border of the channel, the price drop stopped at the support line.
Now the price is ready to fix on this line and return to resistance again. The support line, which is holding back the fall, is strong - it has existed since the beginning of this year, so I think that now the price will not be able to break it.
It is important to note that the final target is a strong resistance zone, at the intersection of the channel line and the strong resistance line. The estimated target is 0.907.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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🏆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.