US30 FALL and back into channel

29 thg 4, 2021

During the uptrend, which began in June 2020, the price rallied, broke through the support line 29521. And thus returned to the main upward channel, which has existed on the chart since March 2019. The price returned to the channel in November 2020, and in March 2021 it came to its upper border - the resistance line of 33525.

The yen was strong enough to make a breakout, but I am convinced that this breakout will turn out to be false. I expect the price to fall, break the line again at 33817 and come to the June 2020 support line - 33170. This will be our target.

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