GBP/USD: Short setup as Cable looks heavy
GBP/USDShortIntraday3h ago0 views
Trade Setup
Entry Price
1.2633
Stop Loss
1.2682
Take Profit
1.2510
Risk : Reward
1 : 2.51
RiskReward
Market Scan
GBP/USD is currently at 1.26228, trading in a tight, sideways range after a -0.22% dip over 24 hours. The day's action has been contained between 1.25819 and 1.26636. Resistance around 1.2664 looks solid. The trend is your friend, and I'm eyeing a break to the downside from this consolidation.
Trade Thesis & Levels
I'm setting up a short on GBP/USD with an entry around 1.2633. Price is struggling to hold above 1.2620, and a retest of 1.2633 into immediate resistance is a solid entry point. My Stop Loss is tight at 1.2682, just
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