GBPAUD 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!
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.