Forex Signal For GBP/USD: Pound Stays Strong Ahead of Inflation Data.

  Forex Signal For GBP/USD: Pound Stays Strong Ahead of Inflation Data.   The pair is trading between $1,3375 and $1,3475. The reason why the GBP/USD signal from last Wednesday was not triggered is that the support level defined as $1,3523 was not completed before the bullish pin bar bounced London session ended.  

Today's GBP/USD Signals

 

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

 

Sales Trade Tips

 

• The next touch of $1,3473 or $1,3523, enter short immediately 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 be driven.

 

Forex Signal For GBP/USD: Pound Stays Strong Ahead of Inflation Data.

 

Buying Trading Tips

 

• Enter long following a bullish price action reversal on the H1 time frame timeframe right after the next touch of $1,3373 or $1,3319.
• 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 be driven.

   

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