GBP/USD: Short Play at Range Top

GBP/USDShortScalp22h ago0 views

Trade Setup

Entry Price

1.2664

Stop Loss

1.2682

Take Profit

1.2619

Risk : Reward

1 : 2.50

RiskReward

Market Context


GBP/USD currently stuck sideways, trading around 1.266. Day range 1.2645 - 1.26751 shows clear boundaries. Lack of fresh catalysts keeping Cable contained, bouncing between key levels.

Technical Setup


Price hitting upper end of current range, flirting with 1.2675 resistance. Looking for a rejection here. Technicals point to a short scalp opportunity. The trend, even a micro one, is your friend.
Trade: Short GBP/USD
Entry: 1.2664
Stop Loss: 1.2682
Take Profit: 1.2619

Outlook


Watching closely for this setup to play out. If 1.2675 holds, we could see a quick drop towards 1.2645 and potentially 1.26. Aggressive scalp.

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