all about trendline or Resistance line and clear Description
In EURUSD , we see a 4-hour period of compression, which could be a sign of a big move that we predict the price will go down from one of the set points and expect to fall to the last hole before it.
Hi guys After the resistance in the range of 1840 to 1848 and the fall of this price in the time frame of 4 hours, we see a candle falling. Which can be called the upper range as a pivot and due to the beginning of the decline and also the downtrend of gold, we expect more decline And this can be a low-risk deal with the goal of 1785
We are at an important level that gives us two scenarios If supported, scenario A And if not supported, scenario B So we look carefully at this level and wait for confirmation of movement and opening the position
This currency pair is in a good support area and buying with the mentioned conditions is suitable and low risk.