Lingrid | GBPAUD counter TREND trading OPPORTUNITY

Jul 23

The price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570

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