Forex Signal For GBP/USD: Key Resistance Rejected at $1,2114.

      Forex Signal For GBP/USD: Key Resistance Rejected at $1,2114. The price will go higher if it is established above $1,2137.  

• The last GBP/USD signal on June 28 was not triggered as none of the key levels set that day were reached during the session.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades should only be made between 5pm London time today.

 

Buying Trading Tips

 

• Immediately follow the bullish price action reversal on the H1 time frame with the next touch of $1,2043 or $1,1976.
• 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 be driven.

 

Forex Signal For GBP/USD: Key Resistance Rejected at $1,2114.

 

Sales Trade Tips

 

• Go short on the next touchdown of $1,2114, $1,2137, $1,2212 or $1,22222 immediately after a bearish price reversal on the H1 time frame.
• 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 be driven.

 

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