Forex Signal For GBP/USD: Two-and-a-half-Year Low

    Forex Signal For GBP/USD: Two-and-a-half-Year Low   Although very bearish, further declines could be limited by price channel holding.  

• The previous GBP/USD signal was not triggered last Tuesday as bearish price action took place between possible resistance levels identified that day.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Transactions must be made before 17h00 London time today.

 

Buying Trade Tip

 

• Buy as soon as a bullish price action reverses on the H1 time frame with the next touch of $1,1409.
• 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: Two-and-a-half-Year Low

 

Sales Trade Tip

 

• Go selling as soon as a downside price action reversal on the H1 time frame, right after the next touch of $1,1496.
• 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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