GBP/USD: Pressure Building, Looking Short Intraday

GBP/USDShortIntraday9h ago1 views

Trade Setup

Entry Price

1.2646

Stop Loss

1.2657

Take Profit

1.2619

Risk : Reward

1 : 2.45

RiskReward

Market Read


Cable's been grinding in a tight range today, 1.26349 to 1.2653. Current price 1.2644, barely moved. Sideways, but I see underlying pressure here. The trend is your friend, and for now, the bounce off 1.2653 resistance is key.

The Play


Watching closely for a breakdown. I'm looking for a short entry at 1.2646. If we push above 1.2657, the idea's bust,

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