GBPUSD Short Idea: Retest of Former Support 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 1.33677. This level previously served as a notable 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 bearish side. 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 this level will now act as a ceiling, rejecting the price and leading to a continuation of the downtrend. Trade Setup: The short position tool on the chart visualizes a potential trade plan based on this bearish outlook: Entry: Approximately 1.33677 (at the retest of the new resistance). Stop Loss: 1.34338 (placed above the resistance zone to invalidate the idea if the price reclaims the level). Take Profit: 1.31655 (targeting a new potential swing low). This setup provides a structured plan with a clear risk-to-reward ratio for a potential move lower. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered as financial advice. Trading foreign exchange involves significant risk. Please conduct your own research and manage your risk appropriately before entering any trade.