GBP/USD: Targeting 1.2765 - Aggressive Long Play
GBP/USDLongScalp1w ago1 views
Trade Setup
Entry Price
1.2600
Stop Loss
1.2534
Take Profit
1.2765
Risk : Reward
1 : 2.50
RiskReward
Market Outlook
GBP/USD is trading sideways, currently at 1.26133, off its day highs. The range is clear, holding between 1.2558 support and 1.2668 resistance. Despite the -0.29% 24h change, I'm seeing potential for a strong bounce. USD is showing some fatigue, and I'm betting on that weakness extending for a quick move up.
The Setup
My entry for a scalp long is at 1.26. This level needs to hold. Levels are clear, aiming for a break above the current range.
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