As I predicted in my previous forecast, the pricethe price first broke the support line...
... and after that touched the strong resistance line and went down.
I expect the price to reach the support line in the near future. However, we see that the price is near a small support zone and therefore I believe that it will work out a small correction and only after that it will fall. The price will come across two support lines. The third line is also located next to them, which creates a strong support zone.
If you are going to open a trade, I recommend that you set the SL slightly above the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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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.