Lingrid | GBPUSD buying Opportunity at KEY Support Level

11 feb

As the GBPUSD market approaches the support level, it is showing signs of deceleration, with bearish momentum fading. The psychological level below at 1.23000 has previously acted as a strong support, with the price bouncing off it multiple times. On the higher timeframes, we can see the formation of an ABCD pullback, where point D aligns perfectly with the support level. I anticipate that the price will bounce off this support level and subsequently retest the supply zone above. My goal is resistance zone around 1.24180

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

12 feb

Trade chiuso: obiettivo raggiunto

The price hit the target