Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn.
Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn.
Two key support levels near $1,1300.
The previous GBP/USD signal on October 3 was not triggered because there was no bearish price action when the resistance level set at $1,1271 was first reached.
Today's GBP/USD Signals
The risk is 0,75%.
Transactions must be made before 17h00 London time today.
Buying Trading Tips
In the next touch of $1,1335 or $1,1288, immediately buy as soon as the bullish price action reverses on the H1 time frame.
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: Looks Bullish on British Budget U-Turn.
Sales Trade Tips
Sell immediately after a bearish price reversal on the H1 time frame in the next touch of $1,1483 or $1,1510.
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.