Forex Signal For GBP/USD: Consolidation Below $1,2624

    Forex Signal For GBP/USD: Consolidation Below $1,2624   The US dollar is expected to be the most important price factor today. The last GBP/USD signal on Monday was not triggered because none of the key levels set that day were reached.  

Today's GBP/USD Signals

 

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

 

Buying Trade Tips

 

• Buy as soon as a bullish price action reverses on the H1 time frame with the next touch of $1,2437 or $1,2412.
• 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 Below $1,2624

 

Sales Trade Tips

 

• The next time you hit $1,2624 or $1,2698, sell as soon as a downside price reversal on the H1 time frame is reversed.
• 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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