Trading GBP/USD: Short Entry Near 1.263
GBP/USDShortPosition5h ago2 views
Trade Setup
Entry Price
1.2630
Stop Loss
1.2724
Take Profit
1.2441
Risk : Reward
1 : 2.01
RiskReward
Technical Analysis
GBP/USD has formed a strong descending triangle on the daily chart. Entry near 1.263 with stop below 1.2724.
Fundamental Context
Fundamental catalysts align with the technical picture here. GBP/USD has room to move.
Trade Setup
Entry at 1.263 with stop at 1.2724 gives a clean 2:1 ratio. Target: 1.2441.
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