Forex Signal For GBP/USD: Bearish Retracement.

  Forex Signal For GBP/USD: Bearish Retracement.   $1,3577 looks very likely to be the highlight of the day. The GBP/USD signal last Wednesday may have produced a long-term trading loss from the small bullish bounce that hit the 1,3502 support level 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

 

• The next touch to 1,3577 or 1,3687 immediately enter short after a bearish price action 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 be driven.

 

Forex Signal For GBP/USD: Bearish Retracement.

 

Buying Trading Tips

 

• On the next touch of 1,3527, 1,3502 or 1,3411, enter long immediately following 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 be driven.

 

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