Shorting GBPUSD on 15m TF: High Risk-Reward Ratio Trade Setup

15 Mar 2023

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!!