Lingrid | GBPAUD Potential Channel BREAKOUT. Short for FX:GBPAUD by Lingrid

Lingrid | GBPAUD Potential Channel BREAKOUT. Short

is making lower lows and lower closes, indicating bearish pressure. The market is currently testing the previous daily low, and if it closes below this level, I believe it will continue to decline toward the channel's lower boundary. Yesterday’s candle featured a long-tailed bar, suggesting that the price may retest the round number at 1.93000. Given the gained bearish momentum, I expect the price action to break through the channel and move lower. My goal is support level at 1.93100

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

Trade closed: target reached

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