GBP/USD: Bearish Trend Continues – Short Setup Ahead
GBP/USDShortScalp3h ago1 views
Trade Setup
Entry Price
1.2618
Stop Loss
1.2708
Take Profit
1.2392
Risk : Reward
1 : 2.51
RiskReward
Market Outlook
The trend is clearly bearish on GBP/USD, and "The trend is your friend." We're currently at 1.25997, down 0.4% in 24h. Price has been pushing lower, trading within a day range of 1.25244 to 1.26751. General market sentiment is still favoring USD strength, keeping the pressure on the Pound.
Trade Setup
Looking for a clean scalp short here. Levels are clear. I'm waiting for a push towards 1.2618. This is below major resistance at 1.265 and 1.2675. Taking this trade with a tight stop at 1.2708, targeting 1.2392. Expecting a move down towards the 1.2524 support and potentially breaking through 1.25. Let's see how fast this moves.
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