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⚠️EURCAD growth in the channelFrom September 2020, the price will rise in the channel. After the breakdown of the channel in March 2020, the price increased. Additional resistance lines formed at the growth highs: May and July 2020. In March of this year, the price dropped from these lines and broke through the resistance at 1.515. After returning to the channel, the price made a false breakout of the 1.487 support line. However, it then rose to the resistance level 1.518. And from it again fell to support (lower limit) 1.489. I expect the price to bounce off the line and rise to resistance (May 2020). The target is 1.514. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
3
EURUSD: will the price be able to break the trend?In the process of falling in the trend, which began at the beginning of this year from the resistance point of 1.234, the price bounced off the support trendline at 1.170. After that, it showed strong growth and is now not far from the trend border. We can expect that the price will break the local resistance line and grow to the resistance point 1.191. This is where the trend line and the March 2020 uptrend line intersect. After that, the price will drop again to support 1.159. SL - 1.199. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
4