GBP/USD: Short Opportunity - Riding the Rejection
GBP/USDShortIntraday1w ago18 views
Trade Setup
Entry Price
1.2682
Stop Loss
1.2724
Take Profit
1.2578
Risk : Reward
1 : 2.48
RiskReward
Technical Read
GBP/USD hit a wall. While the overall trend is sideways, the push to 1.27079 clearly failed at major resistance. I'm shorting this rejection. My entry at 1.2682 is a textbook setup, confirming the turn. Stop Loss is set tight at 1.2724, keeping risk defined above the 1.2708 resistance.
Market Context
The recent USD strength continues to be a factor, putting pressure on Cable. I see a clear path down through 1
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