GBPUSD Short Setup

Trend: Bearish
Structure: Channel / Breakout

Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.

What followed was a breakout of resistance and what appears to be a confirmation of the breakout.

We now look to take a sell to previous low.

Please wait for MACD and stochastic confirmation as MACD is slightly bullish