GBPUSD - From Bullish to Bearish, keeping it simple

GBPUSD has shifted gears.

After losing its bullish structure, price is now trading inside a falling red channel, keeping the broader bias bearish.

As GBPUSD retests the upper bound of the falling channel, and that retest lines up perfectly with the orange supply zone. This is a classic area where sellers tend to step back in.

As long as this intersection holds, the plan is simple:
wait for lower timeframe confirmation and look for trend-following short setups, aiming for continuation back toward the lower side of the channel.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr