AUDUSD good time to SELL

٢٥ نوفمبر ٢٠٢٠

The price moves in a stable uptrend despite pullbacks and corrections. Movement is regulated by the support line and the resistance line of September 2020.
Last time, the price just fell from resistance to support, having touched it with a candle shadow.

After that it rose, again failed to break through the resistance at 0.735 and began to fall again.
The resistance line is not the longest on the chart - it appeared in September this year. However, as you can see, the price came back even after a breakout.



Now I am waiting for the price to fall towards the support line. You can open a sell deal. I will never tire of reminding you of the importance of SL - set it above the resistance line in the area of ​​- 0.738.

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