Forex Signal For GBP/USD: A Strong Bullish Return From 37-Year Low
Forex Signal For GBP/USD: A Strong Bullish Return From 37-Year Low
It continues to hold its ascending price curve.
The previous GBP/USD signal on September 5 was not triggered because there was no bearish price action when the price first reached the resistance level set at $1,1496.
Today's GBP/USD Signals
The risk is 0,75%.
Trades can only be made before 17h00 London time today.
Buying Trading Tips
In the next touchdown of $1,1649, $1,1602 or $1,1556, immediately buy as soon as the 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: A Strong Bullish Return From 37-Year Low
Sales Trade Tips
Sell immediately after a bearish price reversal on the H1 time frame on the next touch of $1,1758 or $1,1878.
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.