The price is starting to fulfill my long-term forecast, which I spoke about yesterday.
Namely: the price bounced off the support line and showed a small pso towards the resistance - 1 step of my long-term forecast.
I propose to consider this movement at a smaller TF using local lines. Now the price is at the mercy of a small upward channel that formed in price correction zones in October 2020. The price has been moving in this channel since March and touched both of its borders several times.
Now the price is in the middle of the channel after bouncing off the 1.187 support line. I expect the price to first rise and touch the 1.199 resistance line and then fall back to the 1.189 support. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Namely: the price bounced off the support line and showed a small pso towards the resistance - 1 step of my long-term forecast.
I propose to consider this movement at a smaller TF using local lines. Now the price is at the mercy of a small upward channel that formed in price correction zones in October 2020. The price has been moving in this channel since March and touched both of its borders several times.
Now the price is in the middle of the channel after bouncing off the 1.187 support line. I expect the price to first rise and touch the 1.199 resistance line and then fall back to the 1.189 support. This will be our goal.
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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