Lingrid

GBPUSD FALLING from strong RESISTANCE zone

Short
FX:GBPUSD   British Pound / U.S. Dollar
Analyzing this currency pair, we see that over the past few days the price has risen and got into the retracement zone of 1.351. This zone is made up of two lines. One of them is strong - educated in 2018. However, the second line of resistance is even stronger! To see it, open the weekly chart - the first touch of the line happened back in 2008 (!)

During this time, the price made only one breakdown of the line in 2016, after which the pair fell behind the line and since then has never been able to rise above this resistance line.

For several days the price moved between two lines in the resistance zone , and today it is clear that it could not break through the zone and began to fall. I expect it to continue falling, in which case we can talk about opening a sell deal.

So the final target I expect is the 1.317 support line.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Contact for accurate private forex & crypto signals in Telegram @lingrid

Forex 💲
https://lingridedu.com/telegram

📱instagram: https://www.instagram.com/lingridsignals
💻YouTube: https://www.youtube.com/channel/UCYepXbjcDmPHzl07Y7DxiBg

Comments

nice setup ... keep it up
i agree with u
Reply
Profesional work, I real like it
Reply
Lingrid DaweFXHunter
@DaweFXHunter, thank you)
Reply
Lio_Btx DaweFXHunter
nice
Reply
you very accurately describe everything friend
Reply
Lingrid TradingAlchemist
Reply
The price has come to a strong support line.

Is this a good selling opportunity?
Reply
Lingrid DeGRAM
@DeGRAM, yep
Reply
The zone will help the price follow your direction!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out