The price continues to rise, which started in the middle of last week. And now she is close to the zone of resistance. The zone consists of a strong level and a strong line.
The line has existed since 2019 and throughout this time, as you can see, has significantly corrected the price movement.
The level also served as strong resistance for the price. As you can see, since the end of July, the price has approached it several times. Of course, there were breakouts, but each time after that the price fell back over the level.
Now I expect the price to approach the resistance zone to begin with. But he won't be able to pierce it. And after that it will start to fall. And this is a good signal to open a sell trade!
I will not tire of reminding you of the importance of SL - set it slightly above the resistance zone. So, in case of price correction, you will not lose profit.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻