Forex Signal For GBP/USD: Consolidation Stays Below 1,3750.

    Forex Signal For GBP/USD: Consolidation Stays Below 1,3750.   It is really difficult to predict the short-term price direction from this price zone. Last Monday's GBP/USD signal was not triggered as none of the three resistance levels reached that day were bearish.  

Today's GBP/USD Signals

 

• The risk is 0,75 %.
• Trades can only be made before 17:00 London time today.

   

Sales Trade Tips

 

• Short entry after a bearish price action reversal on the H1 time frame immediately with the next touch of 1,3745, 1,3785 or 1,3830.
• 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: Consolidation Stays Below 1,3750.

 

Buying Trading Tips

 

• Long entry immediately after a bullish price action reversal on the H1 time frame with the next touch to 1,3698 or 1,3674.
• 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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