Forex Signal For GBP/USD: Lack of Direction
Forex Signal For GBP/USD: Lack of Direction
Depends on range between 1,3721 and 1,3900.
The
GBP/USD signal was not triggered last Monday because the price did not show any decline when the expected resistance level at 1,3844 was first reached that day.
Today's GBP/USD Signals
- The risk is 0,75%.
- Trades can only be made until 17h00 London time today.
Sales Trade Tips
- On the next touch of 1,3898 or 1,3950, immediately enter short 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 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 last.
Forex Signal For GBP/USD: Lack of Direction
Buying Trading Tips
- Next touch 1,3785 or 1,3721, enter long immediately after a bullish price action reversal on H1 time frame.
- 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 last.
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