Forex Signal For GBP/USD: Bear Market Continues Below 1,3700.

    Forex Signal For GBP/USD: Bear Market Continues Below 1,3700.   GBP is weakening relatively. The reason why the GBP/USD signal was not triggered last Monday is that there was no bullish price action when the support level, defined as 1,3674, was first reached that day.  

Today's GBP/USD Signals

 

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

 

Sales Trade Tips

 

• Next touch 1,3699, 1,3721 or 1,3765, enter short immediately after a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position last.

Forex Signal For GBP/USD: Bear Market Continues Below 1,3700.

Buying Trading Tips

 

• Enter long on the next touch of 1,3588 or 1,3560 immediately after a bullish price action reversal on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position last.

 

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