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Forex Signal For GBP/USD: Consolidation Above $1,3376.

Forex Signal For GBP/USD: Consolidation Above $1,3376. Forex Signal For GBP/USD: Consolidation Above $1,3376.

Forex Signal For GBP/USD: Consolidation Above $1,3376.
Yazar: Ross Sutton

Yayınlanma: 29 Aralık 2021 15:34

Güncellenme: 12 Mart 2024 12:09

Forex Signal For GBP/USD: Consolidation Above $1,3376.

    Forex Signal For GBP/USD: Consolidation Above $1,3376.   Short-term price action is bearish. The reason why the GBP/USD signal didn't trigger last Thursday was that there was no bearish action when the price hit $1,3414.  

Today's GBP/USD Signals

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

Buying Trading Tips

 
  • For the next touchdown of $1,3376, $1,3340, $1,3304 or $1,3273, immediately watch for 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: Consolidation Above $1,3376.

 

Sales Trade Tip

 
  • Open right after the next touch of $1,3523, following a bearish price reversal on the H1 time frame.
  • 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.
  gbpusd_29122021

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