Forex Signal for GBP/USD: Another Failure to Break 1,3900!

  Forex Signal for GBP/USD: Another Failure to Break 1,3900!   UK CPI data came in at a high level (2.5 %)! The reason why the GBP/USD pair signals were not triggered last Monday was because there was no bullish price action when the support level at 1,3876 was first reached.  

For today's GBP/USD Signals

• Risk is at 0,75 % and
• Trades should be entered before 17:00 London time today.

 

Sales Trading Tips

 

• At the next touch of 1,3849 or 1,3872 and on the H1 time frame, enter a sell after a bearish price reversal.
• Place the stop- loss 1 pip above the local high.
• Even when there is 20 pips profit in the trade, the stop-loss is active.
• When the price reaches 20 pips in profit, take 50 % of the position as profit and leave the rest of the position active.

Forex Signal for GBP/USD: Another Failure to Break 1,3900!

Buy Trading Tips

 

• Just after the next touch of 1,3794 and on the H1 time frame, after the reversal of the bullish price action, enter the buy.
• Put the stop-loss 1 pip below the local low.
• Set the stop-loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position running.

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