Forex Signal For GBP/USD: Drop Below $1,2130 Expected.

    Forex Signal For GBP/USD: Drop Below $1,2130 Expected. The price may show a possible decrease and break the channel.  

• The previous GBP/USD signal issued last Wednesday could have produced a profitable short trade as the resistance level set at $1,2191 rejected the bearish bias.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Transactions must be made by 17h00 London time on Wednesday.

 

Buying Trade Tip

 

• Buy as soon as a bullish price action reverses on the H1 time frame with the next touch of $1,1958.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position last.

 

Forex Signal For GBP/USD: Drop Below $1,2130 Expected.

 

Sales Trade Tips

 

• In the next touch of $1,2130, $1,2911 or $1,2241, sell immediately as soon as a bearish price reversal on the H1 time frame reverses.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position last.

   

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