GBP/USD — Short Setup (intraday)
GBP/USDShortIntraday16h ago4 views
Trade Setup
Entry Price
1.2625
Stop Loss
1.2697
Take Profit
1.2446
Risk : Reward
1 : 2.49
RiskReward
Technical Analysis
Looking at the 1-hour chart, GBP/USD is showing a clear descending triangle pattern near the 1.2625 level.
Fundamental Context
The macro environment favors short positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 1.2625 with stop at 1.2697 gives a clean 2.5:1 ratio. Target: 1.2446.
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