GBPUSD Possible Short Entry Opportunity.

GBPUSD has been trendling lower for the past few weeks after printing a swing high on the daily chart. Although price reached a key important support level on the past few days and bounced nicely, it showed signs of weakness and that prices could continue lower as the bears still have control of the market. As we can see on this picture, price is now doing what I would consider a true daily pullback to the area marked as resistance with the eye symbol. It is important to note that such pullback its showing a lot of bullish momentum so entering a trade could be taking if more than one confirmation is given such as a fibonnaci level combined with a swing high candle stick pattern and any other confluences that you use in your trading. If price fails to break the area marked as resistance, I would be looking to enter possible short opportunities and target the previous daily support level. If prices do break the marked resistance then no trade will be taken until that last previous high is broken. Always use higher timeframes for confirmation, minor timeframes could break the resistance area but it doesn't mean nothing until the 1hr or better yet, 4hr candle clousure in order to avoid any fakeouts. Good luck on your trading.