Trading GBP/USD: Short Entry Near 1.2624
GBP/USDShortPosition4h ago4 views
Trade Setup
Entry Price
1.2624
Stop Loss
1.2742
Take Profit
1.2388
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
GBP/USD has formed a strong double top on the daily chart. Entry near 1.2624 with stop below 1.2742.
Fundamental Context
Economic indicators suggest GBP/USD is positioned for a short move in the coming position.
Trade Setup
Entry at 1.2624 with stop at 1.2742 gives a clean 2:1 ratio. Target: 1.2388.
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