Livre sterling / Dollar australien
Short
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Lingrid | GBPAUD potential DROP from the RESISTANCE

1169
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

Lingrid | GBPAUD Trend Continuation Opportunity


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

Trade fermée: cible de profit atteinte
Closed +160 Pips

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