Short

Lingrid | GBPAUD Consolidation - Continuation Scenario

is breaking down from the upward trendline and testing key horizontal support near 2.0500 after rejecting from a lower high in the downward channel. This structure confirms a bearish continuation bias within the broader descending pattern. A clean break below 2.0500 opens the path toward the next support level around 2.0358. The failure to reclaim the lower high signals growing bearish pressure on the pair.

📉 Key Levels

Sell trigger: Break and hold below 2.0500
Sell zone: 2.0500–2.0480
Target: 2.0358
Invalidation: Return above 2.0506

💡 Risks

Bullish defense of 2.0500 could trigger a rebound
Re-entry into the broken trendline may trap sellers
Broader AUD weakness may delay downside move

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Lingrid

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

Anche su: