Forex Signal For GBP/USD: Consolidation Area Appears Above $1,3500.

    Forex Signal For GBP/USD: Consolidation Area Appears Above $1,3500.   There is a lack of direction in this currency pair. The reason why the GBP/USD signal was not triggered last Monday was that the bullish price was just below the $1,3512 level set that day.  

Today's GBP/USD Signals

 

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

 

Buying Trading Tips.

 

• In the next touch of $1,3458 or $1,3401, immediately buy as soon as the bullish price action reverses on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For GBP/USD: Consolidation Area Appears Above $1,3500.

 

Sales Trade Tips

 

• On the next touch of $1,3587 or $1,3664, immediately go sell as soon as a bearish price action reversal on the H1 time frame timeframe.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

   

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