The price growth has been maintained since March 2020 - the movement formed a trend, which is based on the support and resistance lines, formed also in March. In February, the price collapsed from a strong resistance zone (trend line + level) at 1.424 and formed a small trend - the Wedge pattern. Now the price is at the support zone 1.378. During the past week, she bounced off this zone and returned to her place - she was entrenched. Now we can expect growth to the level of resistance at 1.424.
SL - 1.353.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.353.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.