GBPUSD has broke through Support at point A creating a lower low indicating a change in the up trend. The price action will use that support as its new resistance so when the price action retraces and hits point B, the probability is high that this will then return to continue the new short trend.
This is where a short entry can be utilized.
I have placed my stop at the other side of the new resistance giving the price action some breathing space for when I enter.
Remember the fundamentals! the money you lose if you get stopped should be no more than 1-2% of your account.
Ill update when I enter the short trade.
Happy Trading - The Trading Box.