Transactions can only be entered until 17h00 London time on Tuesday.
Buying Trade Tip
Go buy as soon as the bullish price action reverses on the H1 timeframe with the next touch of $1,1600.
Put the stop loss 1 pip below the local swing low.
Set stop loss even when the trade is 25 pips in profit.
When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.
Forex Signal For GBP/USD: Downtrend Continues
Sales Trade Tips
Sell as soon as a bearish price reversal reverses on the H1 timeframe at the next touch of $1,1727, or just after the bearish trend line shown in the price chart below, which is currently just below $1,1850.
Place the stop loss 1 pip above the local swing height.
Set stop loss even when the trade is 25 pips in profit.
When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.