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as you see, the hidden resistance line#1 is working properly and it stopped the price action several times, so its valid and we can count on it.
the distance of both trend lines ( Trend #1 & #2) are getting closer together, showing that the main bullish trend wasn't powerful enough to continue and it is ending its long bullish action.
so we expect that the price continue downtrend til near 0.96372 .
wait for the result,
if the price beak the support line dont close the order and wait for its long.
DONT FORGET TO PLACE STOPLOSS !
as you see, the hidden resistance line#1 is working properly and it stopped the price action several times, so its valid and we can count on it.
the distance of both trend lines ( Trend #1 & #2) are getting closer together, showing that the main bullish trend wasn't powerful enough to continue and it is ending its long bullish action.
so we expect that the price continue downtrend til near 0.96372 .
wait for the result,
if the price beak the support line dont close the order and wait for its long.
DONT FORGET TO PLACE STOPLOSS !
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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.
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.