Forex Signal For GBP/USD: Downtrend Continues

    Forex Signal For GBP/USD: Downtrend Continues   The price is likely to continue its downtrend below $1,1727.  

• The previous GBP/USD signal on August 24 was not triggered as there was no bullish price action when the support level at $1,1791 was first reached.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Transactions can only be entered until 17h00 London time on Tuesday.

 

Buying Trade Tip

 

• Go buy as soon as the bullish price action reverses on the H1 timeframe with the next touch of $1,1600.
• 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: Downtrend Continues

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price reversal reverses on the H1 timeframe at the next touch of $1,1727, or just after the bearish trend line shown in the price chart below, which is currently just below $1,1850.
• 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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