Forex Signal For GBP/USD: Consolidation Holds Below $1,2000.

    Forex Signal For GBP/USD: Consolidation Holds Below $1,2000. There are no clues about the short-term direction today.  

• The previous GBP/USD signal was not triggered last Wednesday as the key support and resistance levels set were not reached 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

 

• Buy as soon as a bullish price action reverses on the H1 time frame, right after the next touch of $1,1819, $1,1721 or $1,1602.
• Place the Stop Loss 1 pip below the local low.
• Keep moving to stop loss even when the trade is 25 pips profit.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For GBP/USD: Consolidation Holds Below $1,2000.

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price action reverses, right after the next $1,1868 or $1,2003 touch on the H1 timef rame.
• Place the Stop Loss 1 pip above the local swing height.
• Move to stop loss even when the trade makes 25 pips profit.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and let the rest of the position be driven.

 

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