(GBPUSD) Fri, 18 November 2022 Setup 3

GBPUSD

GBPUSD Short bias
Status: Open short position

What do I see?
- Building Permits Prel and Housing Starts created a bearish response.
- USDCHF starting a new bullish trend.
- My Indicator shows an ideal short entry point.
- The 1.18826 support line should be broken and closed below the line to confirm the start of the downtrend.

What I would do?
- Hold as long as possible and seek for break-even confirmation
- If the SL got hit, I'll wait for the Existing Home Sales report result.