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Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.
Yazar: Ross Sutton

Yayınlanma: 23 Ağustos 2021 14:21

Güncellenme: 10 Mart 2024 13:07

Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

    Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.   The best course of action would be to step aside and wait until the price makes a strong bullish reversal at 1,3600 or turns bearish at one of the nearby resistance levels.  

Today's GBP/USD Signals

 
  • The risk is 0,75 %.
  • Transactions must be made before 17:00 London time today.
   

Trading Ideas for the Sales Process

  • Go sell after 1,3674, 1,3698 or 1,3724, next touch and a bearish price reversal on the H1 time frame.
  • Place the stop-loss 1 pip above the local swing height.
  • Even if you are 20 pips profit in trades, keep the stop loss active.
  • When you reach 20 pips profit, take 50 % of the position as profit and leave the rest of the position as a trade.

Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

Trading Ideas for Buying

 
  • With the next touch of 1,3588 or 1,3560, immediately follow the reversal of the bullish price action on the H1 time frame.
  • Put the stop-loss 1 pip below the local swing low.
  • Set the stop loss even when the trade is 20 pips in profit.
  • When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.
gbpusd_23082021

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