EURGBP continues GROW in channel
On the daily TF, we see that the price has again approached the strong resistance line. Why strong? Since feral, the price has touched this price twice already and changed the trend both times.
After the last touch of this line, the price rose sharply and formed a descending channel, in which it has been moving for the last two months.
This facts, as well as the fact that there is a support line near the price, gives me reason to believe that it will grow soon.
However, I expect that the price will touch the support line before it goes up. And after that it will rise to the intersection of two resistance lines. Target - 0.905
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
After the last touch of this line, the price rose sharply and formed a descending channel, in which it has been moving for the last two months.
This facts, as well as the fact that there is a support line near the price, gives me reason to believe that it will grow soon.
However, I expect that the price will touch the support line before it goes up. And after that it will rise to the intersection of two resistance lines. Target - 0.905
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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🌎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.