Forex Signal For GBP/USD: Direction Forecasting Difficult.
Forex Signal For GBP/USD: Direction Forecasting Difficult.
The reason why the GBP/USD signal was not triggered last Wednesday is that there was no bullish price action when the support level, defined as $1,3741, was first reached that day.
Today's GBP/USD Signals
- The risk is 0,75%.
- Trades can only be made before 17h00 London time today.
Sales Trade Tips
- On the next touch of $1,3709 or $1,3769, enter short immediately after a bearish price reversal on the H1 time frame.
- 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: Direction Forecasting Difficult.
Sales Trade Tip
- At the next touch of $1,3625, $1,3574, $1,3527 or $1,3502, immediately enter long 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 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.
You may also be interested in: