GBP/USD Trade Idea — Long from 1.2622
GBP/USDLongPosition18h ago3 views
Trade Setup
Entry Price
1.2622
Stop Loss
1.2577
Take Profit
1.2712
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
GBP/USD has formed a strong pennant on the daily chart. Entry near 1.2622 with stop below 1.2577.
Fundamental Context
The macro environment favors long positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 1.2622 with stop at 1.2577 gives a clean 2:1 ratio. Target: 1.2712.
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