GBPUSD Sell Opportunity (Long-Term)

As you see in Daily time frame, there was an uptrend from May, 2020 which is broken out in June, 2021 to the downside.
In the Weekly time frame we can see bearish candles with lower highs.

Currently, price is retracing and making a correction trend line, but it is below the last week’s low (1.3860)

We have two main resistance levels at:
1.4 and 1.4240
And one support level at 1.38 to which price is approaching right now.

Moreover, MACD shows a negative hidden divergence.

Based on the broken trend line and the downside pressure, if price could break the correction trend line and closed a candle below 1.38, we can expect a fall in price around 1.36 - 1.3570 which is last month’s low (S2).

On the other hand, since we should always be ready for another scenario, if price could not break 1.38, we can expect a rise to 1.39 and then 1.4 in future.