Forex Signal For GBP/USD: Bear Market Looks Weakly Bearish Below $1,2022.

    Forex Signal For GBP/USD: Bear Market Looks Weakly Bearish Below $1,2022. Regardless, the support at $1,1940 could be strong.  

• The previous GBP/USD signal was not triggered as there was no bearish action when the resistance level set at $1,1868 was first reached last Tuesday.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Transactions can only be entered before 17h00 London time today.

 

Buying Trading Tips

 

• Buy as soon as a bullish price action reverses, right after the next touch of $1,1940 or $1,1868 on the H1 time frame.
• Put the Stop Loss 1 pip below the local low.
• Set it to stop loss even when the trade makes a profit of 25 pips.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and keep working the rest of the position.

 

Forex Signal For GBP/USD: Bear Market Looks Weakly Bearish Below $1,2022.

 

Sales Trade Tips

 

• Immediately after the next $1,2022 or $1,2170 touch on the H1 timeframe, enter a sell position as soon as a bearish price action reverses.
• Put Stop Loss 1 pip above local high.
• Set it to stop loss even when the trade makes a profit of 25 pips.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and leave the rest of the position to work.

 

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