GBPUSD Bearish Flag Pattern

There was a fake breakout on the Weekly High and price could not fix above this level.

We saw a sharp downside push from the Weekly level and after that price started a correction phase in the form of a flag pattern.

Currently, the bearish flag pattern has been broken out to the downside and price has pulled back to it.

Wait for 1H candle to be closed below the last candle’s low to enter short.

I expect a drop first to 1.3790 which is a daily low and in the case of a downside breakout on it, the next target would be 1.3755