Short

Lingrid | GBPUSD channel BREAKOUT. Selling OPPORTUNITY

has broken out of the upward channel and may pull back to retest both the channel and the resistance zone at 1.26500. The market was previously in a range before breaking through a support level, which led to a strong bearish impulse leg. The price has respected this level by rebounding, resulting in several fakeouts and long-tailed bars. And recently it broke and closed below the level by forming large bearish bar. I expect the market possibly to retest this resistance zone before rolling back towards the support level at the channel border. My goal is support zone around 1.25770

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

Lingrid

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