GBPUSD has been in a bearish trend for several months and is now at a low level not seen in a while. Currently, it is forming a bullish candle at a key zone on the daily chart, presenting an opportunity for a calculated risk.
Buy Stop: 1.27000
Take Profit: 1.33911
Stop Loss: 1.24625
Risk-to-Reward Ratio: 2.91
Ensure your position size aligns with the amount you are comfortable risking.
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