Good day, fellow traders! I am presenting you with a trade idea for GBP/USD.
After Friday's strong short-side initiative, the instrument has transitioned into a corrective upward movement and is currently testing the short breakdown area, which may serve as a launch point for the continuation of the downtrend.
I suggest considering short positions from a pullback to the breakdown zone, according to the setup shown in the chart above. Limit risks at 1.33286. Take profit on a breakout of 1.32600 and 1.32321.
This trade idea is presented using the "Price Action" method and "Stop-Hunting" strategy.
