The price perfectly fulfilled my previous idea. 
GBPAUD rebounded from support and has climbed into a tight resistance zone near 2.05836, but momentum remains weak near the downward trendline. The price structure shows a sequence of lower highs and a tight range below resistance, suggesting sellers are still in control. A rejection at this level would confirm another failed breakout attempt. If confirmed, the pair could revisit the 2.03500 support area with bearish continuation pressure.
📌 Key Levels
💡 Risks
GBPAUD rebounded from support and has climbed into a tight resistance zone near 2.05836, but momentum remains weak near the downward trendline. The price structure shows a sequence of lower highs and a tight range below resistance, suggesting sellers are still in control. A rejection at this level would confirm another failed breakout attempt. If confirmed, the pair could revisit the 2.03500 support area with bearish continuation pressure.📌 Key Levels
- Sell trigger: Rejection at 2.05836 and break of 2.05000
- Sell zone: 2.05800–2.06000
- Target: 2.03500
- Invalidation: Strong break and close above 2.06000
💡 Risks
- Bullish breakout above trendline resistance
- Fundamental surprise (UK/AU economic data)
- Shift in broader risk sentiment or AUD weakness
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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🌎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.