Weekly GBP/USD Outlook: Short Opportunity
GBP/USDShortSwing4d ago3 views
Trade Setup
Entry Price
1.2628
Stop Loss
1.2729
Take Profit
1.2426
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
GBP/USD has formed a strong descending triangle on the 4-hour chart. Entry near 1.2628 with stop below 1.2729.
Fundamental Context
Fundamental catalysts align with the technical picture here. GBP/USD has room to move.
Trade Setup
Risk:reward is 2:1. Stop loss at 1.2729, take profit at 1.2426.
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