Forex Signal For GBP/USD: Resistance at $1,1451

    Forex Signal For GBP/USD: Resistance at $1,1451   The British Pound remains weak and vulnerable to further declines.  

• The previous GBP/USD signal was not triggered last Monday as there was no bullish price action when the price first reached any of the support levels set that day.

 

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• At the next touch of $1,1350 or $1,1300, 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: Resistance at $1,1451

 

Sales Trade Tips

 

• The next time you hit $1,1451, $1,1483 or $1,1510, sell as soon as a bearish price reversal on the H1 time frame is reversed.
• 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.

 

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