Forex Signal For GBP/USD: Drop Below $1,2130 Expected.
Forex Signal For GBP/USD: Drop Below $1,2130 Expected.
The price may show a possible decrease and break the channel.
The previous GBP/USD signal issued last Wednesday could have produced a profitable short trade as the resistance level set at $1,2191 rejected the bearish bias.
Today's GBP/USD Signals
The risk is 0,75%.
Transactions must be made by 17h00 London time on Wednesday.
Buying Trade Tip
Buy as soon as a bullish price action reverses on the H1 time frame with the next touch of $1,1958.
Place the stop loss 1 pip below the local swing low.
Move stop loss even when the trade is 25 pips in profit.
When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position last.
Forex Signal For GBP/USD: Drop Below $1,2130 Expected.
Sales Trade Tips
In the next touch of $1,2130, $1,2911 or $1,2241, sell immediately as soon as a bearish price reversal on the H1 time frame reverses.
Place the stop loss 1 pip above the local swing height.
Move stop loss even when the trade is 25 pips in profit.
When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position last.