GBP/USD at Critical Level — Long Setup Forming
GBP/USDLongPosition3h ago2 views
Trade Setup
Entry Price
1.2588
Stop Loss
1.2487
Take Profit
1.2790
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
Looking at the daily chart, GBP/USD is showing a clear pennant pattern near the 1.2588 level.
Fundamental Context
Economic indicators suggest GBP/USD is positioned for a long move in the coming position.
Trade Setup
Risk:reward is 2:1. Stop loss at 1.2487, take profit at 1.279.
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