Lingrid | GBPAUD Trend Continuation Opportunity

18 de set.

The price perfectly fulfilled my previous idea. It reached the target level. GBPAUD is making lower lows and lower closes on the 1H timeframe, forming a potential ABC formation. Over the past two weeks, the market has been within a weekly range, suggesting that the price is in a consolidation phase. Furthermore, it has broken and closed below the 1.95000 level and the upward trendline. I anticipate that the market will pull back toward the resistance zone before moving downward toward the support level. My target is support level at 1.93820

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