GBPUSD 1:20 RR trade opportunity. The Cable drop

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

Working on refining some tight entries lately. This trade offers at least 1:20 using a 10 pips stop. A more reserved option would be 1:3 moving the stop above last weeks high. GBP looks like it may continue the push lower over the coming weeks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.