Cable Update (GBPUSD)

Hit daily S1 as expected but did not go as far above as i would have liked. closed with decent profit. short UCAD same setup to the daily mR2.

5' --- Nice place to add shorts , here , NOW. . . . .

Structure
Price made a strong selloff from the 1.3250 area down into the 1.3187 area, then bounced weakly and started moving sideways. That sideways move near 1.3195–1.3202 looks corrective, not like a real bullish reversal.
The current sell signal around 1.31955 is appearing after that weak bounce, so this looks like a bearish continuation setup.
Pattern and candlestick read
This looks like a bear flag / bearish consolidation after impulse. Price dropped hard, then formed a small sideways range instead of reversing strongly. The candles are small-bodied and struggling under the mid-band, which shows weak buyer pressure. The latest red candle and sell arrow suggest sellers are trying to continue the trend lower.
No strong bullish engulfing candle has appeared yet, so the bounce is still just a correction.
Key levels
Resistance: 1.3199–1.3205
Stronger resistance: 1.3211
Support: 1.3193
Next support: 1.3187
Deeper support: 1.3181
Best trade plan
Preferred short setup:
Entry: 1.3195–1.3200
Stop loss: 1.3206 tight, or 1.3212 safer
TP1: 1.3190–1.3187
TP2: 1.3181
Breakdown setup:
If M15 closes below 1.3193, sell the retest of 1.3193–1.3195 from underneath.
Targets: 1.3187, then 1.3181.
Invalidation
The short weakens if M15 closes above 1.3205.
It becomes invalid if price reclaims 1.3211, because that would break the small bearish consolidation.
ForexFactory style paragraph
GBPUSD M15 remains bearish after a strong impulsive move lower from the 1.3250 area. Price is now consolidating near 1.3195–1.3200, which looks like a bear flag / continuation pattern rather than a reversal. The candles are small and weak under the mid-band, and the latest sell signal supports further downside as long as price remains below 1.3205. I prefer selling around 1.3195–1.3200 with targets at 1.3187 and 1.3181. A sustained reclaim above 1.3211 would invalidate the short-term bearish setup.