GBP/USD Short: Range Play Targeting Support

GBP/USDShortScalp2w ago1 views

Trade Setup

Entry Price

1.2643

Stop Loss

1.2662

Take Profit

1.2596

Risk : Reward

1 : 2.47

RiskReward

Market Scan


GBP/USD is currently hovering around 1.26396, showing a sideways drift. We've seen a slight dip of -0.08% today. The key resistance at 1.2655 has held firm, pushing price back down from the day's high of 1.26552. This range-bound action sets up a clear technical play.

The Setup


I'm looking at a short scalp on Cable here. Entry is set at 1

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