GBP/USD — Short Setup (intraday)
GBP/USDShortIntraday5d ago4 views
Trade Setup
Entry Price
1.2691
Stop Loss
1.2745
Take Profit
1.2556
Risk : Reward
1 : 2.50
RiskReward
Technical Analysis
Looking at the 1-hour chart, GBP/USD is showing a clear double bottom pattern near the 1.2691 level.
Fundamental Context
The macro environment favors short positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Risk:reward is 2.5:1. Stop loss at 1.2745, take profit at 1.2556.
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