Forex Signal For GBP/USD: Double Bottom at $1,3741 in Bull Market.

    Forex Signal For GBP/USD: Double Bottom at $1,3741 in Bull Market. The reason why the GBP/USD signal was triggered last Wednesday is that there was no bullish price action when the support level, defined as $1,3773, was first reached that day.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades are only available before 17h00 London time today.

 

Sales Trade Tips

 

• The next touch of $1,3852 or $1,3898, immediately enter short as soon as a downside price reversal on the H1 time frame is reversed.
• 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.

 

GBP/USD Forex Signal: Double Bottom at $1,3741 in Bull Market.

   

Buying Trade Tip

 

• With the next touch of $1,3773 or $1,3741, immediately enter long on the H1 time frame as soon as the bullish price action reverses.
• 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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