Forex Signal For GBP/USD: Exit the Bearish Price Chart
Forex Signal For GBP/USD: Exit the Bearish Price Chart
There is a rise above the support level at $1,1958.
The last
GBP/USD signal on July 11 was not triggered because there was no bullish price action when any of the identified key support levels were reached.
Today's GBP/USD Signals
- The risk is 0,75%.
- Trades should only be made until 17h00 London time today.
Buying Trading Tips
- For the next touchdown of $1,1958, $1,1926 or $1,1878, immediately watch for a bullish price action reversal on the H1 time frame.
- 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: Exit the Bearish Price Chart
Sales Trade Tips
- Sell immediately after a bearish price reversal on the H1 time frame in the next touch of $1,2097 or $1,2165.
- 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.
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