GBPUSD Stop Sell Setup - 15-Minute Analysis
Analysis: I'm placing a stop sell order below the shadow (low) of the 15-minute candlestick. The market shows a potential bearish momentum, with a resistance zone forming around the 1.2724-1.2728 area. My stop loss is set above the recent highs, ensuring risk management, while my target aligns with a potential support near 1.2643.
The RSI is around 46, indicating neutral to slight bearish strength, which supports the continuation of the downward move. If the price breaks the low of this range, it could trigger the sell order and follow through with momentum.
The RSI is around 46, indicating neutral to slight bearish strength, which supports the continuation of the downward move. If the price breaks the low of this range, it could trigger the sell order and follow through with momentum.
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