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.