Forex Signal For GBP/USD: Pair Struggles To Hold Dollar At 1,3520.

  Forex Signal For GBP/USD: Pair Struggles To Hold Dollar At 1,3520. The support at $1,3490 looks important. The GBP/USD signal was not triggered as it never fully reached the $1,3614 support level on Wednesday, Jan. 12.  

Today's GBP/USD Signals

 

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

 

Buying Trade Tip

   

• Go buy right after the bullish price action reversal on the H1 time frame with the next touch of $1,3490.
• 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: Pair Struggles To Hold Dollar At 1,3520.

 

Sales Trade Tips

 

• Sell ​​on the next touch of $1,3573 or $1,3602 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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