Trading GBP/USD: Long Entry Near 1.2658
GBP/USDLongSwing3h ago1 views
Trade Setup
Entry Price
1.2658
Stop Loss
1.2620
Take Profit
1.2734
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
Looking at the 4-hour chart, GBP/USD is showing a clear bullish engulfing pattern near the 1.2658 level.
Fundamental Context
Recent economic data supports a long move on GBP/USD. Central bank policy remains the key driver.
Trade Setup
Risk:reward is 2:1. Stop loss at 1.262, take profit at 1.2734.
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