Forex Signal For GBP/USD: Pair Struggles To Hold Dollar At 1,3520.
Forex Signal For GBP/USD: Pair Struggles To Hold Dollar At 1,3520.
The support at $1,3490 looks important.
The
GBP/USD signal was not triggered as it never fully reached the $1,3614 support level on Wednesday, Jan. 12.
Today's GBP/USD Signals
- The risk is 0,75%.
- Trades should only be made until 17h00 London time today.
Buying Trade Tip
- Go buy right after the bullish price action reversal on the H1 time frame with the next touch of $1,3490.
- Put the stop loss 1 pip below the local swing low.
- Set stop loss even when the trade is 25 pips in profit.
- When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.
Forex Signal For GBP/USD: Pair Struggles To Hold Dollar At 1,3520.
Sales Trade Tips
- Sell on the next touch of $1,3573 or $1,3602 immediately after a bearish price reversal on the H1 time frame.
- Place the stop loss 1 pip above the local swing height.
- Set stop loss even when the trade is 25 pips in profit.
- When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.
You may also be interested in: