Lingrid | GBPAUD short from Psychological Level

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The price perfectly fulfilled my previous idea. It hit the target zone. GBPAUD is currently pulling back towards the resistance zone and the channel border. Before the market moved downward, it created a swap zone where the price changed direction. Overall, the market has been making lower lows, indicating a bearish trend. Recently, the price action made a false breakout above the previous day's high. I believe the market may create another false breakout at the channel border, following a retest of the psychological level at 1.95000. My goal is support zone around 1.92400

Lingrid | GBPAUD Potential Channel BREAKOUT. Short


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

Penafian

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