Forex Signal For GBP/USD: Broad Consolidation in Bear Market

    Forex Signal For GBP/USD: Broad Consolidation in Bear Market   Selling pressure builds as the price approaches $1,3650. Last Wednesday's GBP/USD signal may have produced a profitable short-term short trade from that day's downtrend at the resistance level defined as $1,3587.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades should only be made until 17h00 London time today.

 

Buying Trading Tips

 

• With the next touch of $1,3458 or $1,3401, buy immediately as soon as a bullish price action reversal on the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For GBP/USD: Broad Consolidation in Bear Market

 

Sales Trade Tip

 

• Sell ​​immediately as soon as a bearish price action reversal on the H1 time frame with the next touch of $1,3664.
• Place the stop loss 1 pip above the local swing height.
• Set stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.

   

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