GBPUSD: Short Term Support Trendline Breakout

In a previous post we talked about a bearish cypher pattern which formed in a key resistance level in GBPUSD. The pattern worked out very well giving us a profitable trade setup. In case you didn't trade the cypher pattern we have another strong setup as the price broke a short term support trendline. What we are looking for is price to pullback and form a price action sell signal or a bearish harmonic pattern.

Here you can see the profitable cypher pattern: