Trading GBP/USD: Long Entry Near 1.2657
GBP/USDLongIntraday4h ago4 views
Trade Setup
Entry Price
1.2657
Stop Loss
1.2638
Take Profit
1.2705
Risk : Reward
1 : 2.53
RiskReward
Technical Analysis
Looking at the 1-hour chart, GBP/USD is showing a clear bearish engulfing pattern near the 1.2657 level.
Fundamental Context
The macro environment favors long positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 1.2657 with stop at 1.2638 gives a clean 2.5:1 ratio. Target: 1.2705.
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