EURUSD open sell trade
The price began to form the movement, which we discussed in the previous forecast, but worked out the correction back to the resistance line.
However, I continue to expect the price to fall from this line.
Since the retracement line that the price approached is very strong, it has existed since November 2019.
Recently, there was a small breakdown of this line, which can be perceived as false (the price immediately fell).
After such a breakdown and correction to the line, the price has fixed on the resistance and is about to fall.
This is a sell signal.
SL - above the resistance line in case of another false breakout - 1.202
TP - in the area of the support line - 1.185.
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Thank you for your support!
However, I continue to expect the price to fall from this line.
Since the retracement line that the price approached is very strong, it has existed since November 2019.
Recently, there was a small breakdown of this line, which can be perceived as false (the price immediately fell).
After such a breakdown and correction to the line, the price has fixed on the resistance and is about to fall.
This is a sell signal.
SL - above the resistance line in case of another false breakout - 1.202
TP - in the area of the support line - 1.185.
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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