Forex Signal For GBP/USD: Drops Below $1,2624

   

Forex Signal For GBP/USD: Drops Below $1,2624

  There seems to be an increase in pessimism regarding the British economy. The last GBP/USD signal on Thursday was not triggered because none of the key levels set during that day's London session were reached.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trading today London time only It can be entered until 17h00.

 

Buying Trading Tips

 

• Immediately follow the bullish price action reversal on the H1 time frame for the next touch of $1,2553 or $1,2437
• 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 hold.

 

Forex Signal For GBP/USD: Drops Below $1,2624

 

Sales Trade Tips

 

• In the next touch of $1,2629 or $1,2698, 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 hold.

   

You may also be interested in:

Forex Signal For AUD/USD: Extremely High Above 0,7220