EURUSD time to SELL

9 nov 2020

Throughout the entire last week, the price showed a very strong growth, practically without making any corrective movements.

And now we see that it has come to a strong resistance zone.
This zone consists of a level and a resistance line. The line starts back in 2019.



The price first touched the level back in 2006!



This gives us every reason to believe that the price rally will finally end in this resistance zone.
I expect the price to bounce off it, reverse and start falling.
The resistance line can also be viewed as the upper border of a very long upward channel, into which the price returned after a long movement outside it.



All these factors allow us to expect an imminent fall. And this is a good signal to open a sell trade!
I will not tire of reminding you of the importance of SL - we set it above the resistance zone.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻