Forex Signal For GBP/USD: Direction Shift

    Forex Signal For GBP/USD: Direction Shift   Nearby resistance levels seem more likely to hold rather than support. The GBP/USD signal last Wednesday produced a marginally profitable sell trade followed by a more profitable buy trade than the bullish bounce of 1,3689, which held almost pips.  

Today's GBP/USD Signals

 

• The risk is 0,75 %.
• Transactions must be made before 17:00 London time today.

 

Sales Trade Tips

 

• Next touch 1,3760, 1,3797 or 1,3830, go short immediately after 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 20 pips in profit.
• When the price reaches 20 pips in profit, take 50 percent of the position as profit and leave the rest of the position running.

 

Forex Signal For GBP/USD: Direction Shift

Buying Trading Tips

 

• The next time you hit 1,3721 or 1,3674, immediately follow the bullish price action reversal on the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50 % of the position as profit and leave the rest of the position running.

 

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