GBP/USD Trade Idea — Short from 1.2643
GBP/USDShortScalp5d ago8 views
Trade Setup
Entry Price
1.2643
Stop Loss
1.2662
Take Profit
1.2595
Risk : Reward
1 : 2.53
RiskReward
Technical Analysis
Looking at the 15-minute chart, GBP/USD is showing a clear bullish engulfing pattern near the 1.2643 level.
Fundamental Context
The macro environment favors short positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 1.2643 with stop at 1.2662 gives a clean 2.5:1 ratio. Target: 1.2595.
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