GBPUSD 173 p. profit - DONE. Next - FALL

My idea went perfectly and brought us 173 p. Profit! And now the price is in a position that will bring us a good profit again!

Remind you that after falling in August, the price is moving in an uptrend, but now it has run into strong resistance and is unlikely to grow stronger. As I said last time, after the price touched the 1.330 support line, it bounced and rose to the 1.369 resistance line. This is a very strong resistance zone as it is formed by two intersecting lines. One of them was formed in 2018 and the second in 2010 (!). And that gives the price a good reason to fall.

Moreover, this is not the first time the price touches the line. Last week it came to resistance, broke through the younger line, but stopped at the older one and fell from it to support. Therefore, even now I can expect the same behavior from the price.

Thus, I expect that after touching the resistance line 1.359, the price will fall to the support line. The final target I expect is the support line at 1.333.

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