The price is testing a recent resistance. It's easier for the mind to stay on the current trend then guessing otherwise.
Change mind after a confirmed signal shows up (and this short trade will stop out for 1R).
A Megaphone pattern on GBPUSD with the price at a relative high, it is more likely for the market to roll back down again.
Simple stop entry or wait for a confirmation of a break out then limit entry into the trade.
With 2 shooting stars, it's more likely that it is going to fall back down to rest.
Then expect the market to go sideways for a few days before it gains enough confidence to start a new direction (bullish more likely...it's stock market after all).
Looking for a turning signal from the support zone, preferably a completed double top or a triangle. If the signal shows, then more bullish than bearish. :)
Will start to look for trades on smaller timeframes.
Strong support zone since 2015.