Forex Signal For GBP/USD: Consolidation Expected Above $1,3512.

    Forex Signal For GBP/USD: Consolidation Expected Above $1,3512.   There is a general lack of direction in this currency pair. The reason why the GBP/USD signal didn't trigger last Monday was that there was no bearish action after the price hit the resistance level defined as $1,3441 that day.  

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• On the next touch of $1,3512, $1,3458, or $1.3401, buy immediately after a bullish price action reversal on the H1 timeframe 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 Expected Above $1,3512.

 

Sales Trade Tips

 

• On the next touch of $1,3552 or $1,3587, go sell immediately 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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