Trading GBP/USD: Short Entry Near 1.2656
GBP/USDShortIntraday6h ago1 views
Trade Setup
Entry Price
1.2656
Stop Loss
1.2664
Take Profit
1.2635
Risk : Reward
1 : 2.63
RiskReward
Technical Analysis
Looking at the 1-hour chart, GBP/USD is showing a clear flag pattern near the 1.2656 level.
Fundamental Context
The macro environment favors short positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 1.2656 with stop at 1.2664 gives a clean 2.5:1 ratio. Target: 1.2635.
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