After price rally from "New Low" to 'New high", the last bull candle were engulfed by bear candle.. this 'initial break' tell us that seller is started to enter the market, thus give us an 'early sign' that market will going down. This is confirmed when price 'break' the 'nearest support' which is label as New Low. Take the position at the marking entry zone, or...
GBP/USD finally find it's potential support at - 1.42800~1.42670.... Will it hold?
Potential reversal point at 0.71975, exit the trade if price reverse 30 pips or more or take the profit in the marking zone
Trade opportunity had been observe at potential support of 0.618 or 0.786 retracement level at lower trend channel, but if it breaks past these retracement levels, one can assume that 'uptrend' is no longer intact.