GBP/USD: Bearish Momentum Confirmed. Shorting the Trend.
GBP/USDShortIntraday4d ago7 views
Trade Setup
Entry Price
1.2622
Stop Loss
1.2700
Take Profit
1.2426
Risk : Reward
1 : 2.51
RiskReward
Trend is Your Friend
GBP/USD is clearly bearish. Current price 1.26065, down -0.34% today. The trend is your friend, and it's pointing down. We're seeing strong technical resistance holding firm near 1.2672 and 1.27. No signs of a bounce.
Intraday Short Play
Setting up an intraday short. Entry hit at 1.2622. Stop loss tight at 1.27, just above that key resistance. Targeting 1.2426, looking to break through 1.25 support. Dollar strength continues to fuel this move. Watching closely.
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