"GBP/USD Short Setup: High Risk-to-Reward with 15-Minute Candle

3 days ago

"This GBP/USD short position offers a strong risk-to-reward ratio. The stop loss is set near 1.27518, while the target is significantly lower, around 1.24980. Currently, price consolidates near 1.27103, and I’m waiting for momentum confirmation on the 15-minute candle. Once a bearish confirmation candle closes, I’ll consider this position active. The risk zone is clearly defined above resistance, and the potential for downside is supported by recent price action and volume behavior. The RSI is also moving downward, suggesting weakening buying pressure. Waiting for further confirmation ensures a higher probability setup."