Forex Signal For GBP/USD: Direction Forecasting Difficult.

  Forex Signal For GBP/USD: Direction Forecasting Difficult.   The reason why the GBP/USD signal was not triggered last Wednesday is that there was no bullish price action when the support level, defined as $1,3741, was first reached that day.  

Today's GBP/USD Signals

 

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

 

Sales Trade Tips

 

• On the next touch of $1,3709 or $1,3769, enter short immediately after a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For GBP/USD: Direction Forecasting Difficult.

 

Sales Trade Tip

 

• At the next touch of $1,3625, $1,3574, $1,3527 or $1,3502, immediately enter long as soon as the bullish price action reverses on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

   

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