Forex Signal For GBP/USD: Consolidation Above $1,3376.

    Forex Signal For GBP/USD: Consolidation Above $1,3376.   Short-term price action is bearish. The reason why the GBP/USD signal didn't trigger last Thursday was that there was no bearish action when the price hit $1,3414.  

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• For the next touchdown of $1,3376, $1,3340, $1,3304 or $1,3273, immediately watch for a bullish price action reversal 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: Consolidation Above $1,3376.

 

Sales Trade Tip

 

• Open right after the next touch of $1,3523, following a bearish price reversal on the H1 time frame.
• 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.

 

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