Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

    Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.   The best course of action would be to step aside and wait until the price makes a strong bullish reversal at 1,3600 or turns bearish at one of the nearby resistance levels.  

Today's GBP/USD Signals

 

• The risk is 0,75 %.
• Transactions must be made before 17:00 London time today.

   

Trading Ideas for the Sales Process

• Go sell after 1,3674, 1,3698 or 1,3724, next touch and a bearish price reversal on the H1 time frame.
• Place the stop-loss 1 pip above the local swing height.
• Even if you are 20 pips profit in trades, keep the stop loss active.
• When you reach 20 pips profit, take 50 % of the position as profit and leave the rest of the position as a trade.

Forex Signal For GBP/USD: Probability of Double Bottom at 1,3600.

Trading Ideas for Buying

 

• With the next touch of 1,3588 or 1,3560, immediately follow the reversal of the bullish price action on the H1 time frame.
• Put the stop-loss 1 pip below the local swing low.
• Set the stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

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