GBPUSD Short bias confirmed, looking for short entry

After a week's time we finally have a decisive bearish candle confirming the short bias of GBPUSD. It is a better pattern with a fake upside breakout on the resistance. Currently we can see there is a potential short-term support nearby, so it may be hard to take short entry now or very soon. If price could have a consolidation at this support, we may find a good opportunity to enter short with a small intraday trading SL to achieve a mid-term profit. Otherwise, if the price breaks the short-term support with another decisive candle, we will try to find a intrayday chance below the support.

Komentar:

It seems that price has breaks short-term support zone. I will look short entries since tomorrow. It would be better if price could retest previous support and then start to drop.

Komentar:

Keep an eye for short GBP cross pairs as well. GBPAUD, GBPCAD, GBPJPY may bring good opportunities tomorrow.