Based on the chart, the price lost the previous support zone and became close to the weekly support area ✔️ we expect to see brief correction for the price ❌🧨 and other important point located on the chart ✔️ Please, feel free to share your point of view, write it in the comments below, thanks 🐋
On a bigger picture, GBPUSD is also on a sideway bounce setup but what it is very different from EURUSD is that GBPUSD respected the structure better than EURUSD and GBPUSD is at its Weekly Support Level. Traders who are looking to short GBPUSD can wait for a Bearish Shark Pattern complete at 1.3790 for a shorting opportunity as a trend trading trade.
chfaud has approached weekly support zone after successfully going short, waiting for further confirmation to jump into this trade.