Based on my analysis, the GBPUSD has been forming a distribution pattern on the 15-minute timeframe, indicating a potential reversal. I believe that a short position at the sell limit level is appropriate, with a stop loss above the pattern's high and a take profit at the next support level . The risk-reward ratio for this trade is very attractive, providing a good opportunity for profit.
Entry: Sell limit at 1.2223
Stop loss: 1.2319
Take profit: 1.1767
Risk/Reward ratio: 5:1
Good luck!!
Entry: Sell limit at 1.2223
Stop loss: 1.2319
Take profit: 1.1767
Risk/Reward ratio: 5:1
Good luck!!
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