GBP/USD: Shorting the Edge, Expecting the Break

GBP/USDShortIntraday1w ago0 views

Trade Setup

Entry Price

1.2691

Stop Loss

1.2745

Take Profit

1.2556

Risk : Reward

1 : 2.50

RiskReward

Market Read


GBP/USD currently at 1.268, stuck in a sideways grind. Day range 1.2635 to 1.27249 confirms the chop. While the immediate trend is flat, I'm watching for a shift. The trend is your friend, and I sense weakness brewing, setting up for a move down.

The Play

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