Markets By TradingView

Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn.

Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn. Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn.

Forex Signal For GBP/USD: Looks Bullish on British Budget U-Turn.
Yazar: Ross Sutton

Yayınlanma: 18 Ekim 2022 14:42

Güncellenme: 12 Kasım 2024 20:10

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.
  gbpusd_18102022_adam  

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