Lingrid | GBPAUD potential DROP from the RESISTANCE

27 sept. 2024

The price perfectly fulfilled my previous idea. It reached the target zone. GBPAUD has been respecting the upward trendline for over a month now. Recently, it appears to be on the verge of breaking through, which could lead to a significant sell-off. On the daily timeframe, the price action looks quite bearish. Notably, the price has formed a consolidation zone just above the trendline, indicating preparation for a potential breakout. I expect the market to drop from this resistance zone toward lower levels. My target is support level at 1.93080

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

30 sept. 2024

Trade fermée: cible de profit atteinte

Closed +160 Pips