Forex Signal For GBP/USD: Medium Term Bullish Momentum.

    Forex Signal For GBP/USD: Medium Term Bullish Momentum.   The rise in the pound may be slowing in favor of commodity currencies. The reason why the GBP/USD signal was not triggered on Wednesday, December 29, was because none of the key support or resistance levels set that day were hit.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades can only be made before 17h00 London time today.

 

Buying Trading Tips

 

• For the next touchdown of $1,3614 or $1,3483, immediately watch for a bullish price action reversal 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 be driven.

 

Forex Signal For GBP/USD: Medium Term Bullish Momentum.

 

Sales Trade Tip

 

• Open right after the next touch of $1,3709, following 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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