Forex Signal For GBP/USD: Drops Below $1,2437

    Forex Signal For GBP/USD: Drops Below $1,2437   There appears to be a broad consolidation between $1,2400 and $1,2600. The reason the last GBP/USD signal was not triggered on June 1st was because there was no bullish price action when the support level set at $1,2553 was first reached.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades are only available before 17h00 London time today.

 

Buying Trading Tips

 

• In the next touch of $1,2437, $1,2412 or $1,2386, immediately buy as soon as a bullish price action reverses 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: Drops Below $1,2437

 

Sales Trade Tips

 

• The next time you hit $1,2599 or $1,2629, go sell immediately after 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.

   

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