GBPUSD Short Idea: Former Support Acting as New ResistanceBritish Pound vs US DollarICMARKETS:GBPUSDhammad69918Hello TradingView Community, This post outlines a potential short trade setup for the British Pound / U.S. Dollar (GBPUSD) currency pair on the 15-minute timeframe. Technical Analysis: The chart highlights a key horizontal price level at approximately 1.34689. This level previously served as a reliable support zone, holding the price up on several occasions. We have recently witnessed a decisive breakdown below this support, indicating a shift in momentum to the downside. The price is now pulling back to retest this broken structure from below. This is a classic "support-turned-resistance" scenario. The expectation is that sellers will step in at this level, rejecting the price and pushing it lower to continue the downtrend. Trade Setup: The short position tool on the chart visualizes a potential trade plan based on this analysis: Entry: Approximately 1.34689 (at the retest of the new resistance). Stop Loss: 1.35350 (placed above the resistance level to invalidate the idea if the price breaks back through). Take Profit: 1.32667 (targeting the next potential area of support or a new swing low). This setup provides a structured plan with a clear risk-to-reward ratio for a potential bearish continuation. Disclaimer: This is a trading idea for educational and discussion purposes only and should not be taken as financial advice. Trading foreign exchange involves significant risk. Please conduct your own research and manage your risk accordingly before entering any trade.