At the moment, the price movement on the chart is controlled by two main lines. resistance - guiding the trend since May 2020 and supporting it on the chart since 2006!
The lines are located towards each other so that they form a triangle. And the price moves between them, gradually decreasing fluctuations. recently, the price bounced off the resistance line 1.273 and began to fall. However, without reaching support, it turned around in the correction. Now I expect it to first correct to resistance and then fall to support. So my target is support line 1.258.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The lines are located towards each other so that they form a triangle. And the price moves between them, gradually decreasing fluctuations. recently, the price bounced off the resistance line 1.273 and began to fall. However, without reaching support, it turned around in the correction. Now I expect it to first correct to resistance and then fall to support. So my target is support line 1.258.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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