Forex Signal For GBP/USD: Stuck In Medium Term Fixed Consolidation.

    Forex Signal For GBP/USD: Stuck In Medium Term Fixed Consolidation.   The pair is trading on the upside above 1.3800.  

Today's GBP/USD Signals

 

• The risk per transaction is 0,75 %

 

• Transactions must only be entered before 17:00 London time today.

 

Sales Trading Tips

 

• After the next touch of $1,3794, enter a sell position after a bearish price reversal on the H1 timeframe.
• Place the stop-loss 1 pip above the local swing high.
• Leave the stop loss active even if you are 20 pips profit in the trades.
• When you reach 20 pips profit in trades, take 50 % of the position as profit and leave the rest of the position in the trade.

Forex Signal For GBP/USD: Stuck In Medium Term Fixed Consolidation.

Buy Trading Tips

 

• At the next touch of 1,3724 or 1,3690 and after a bullish price action reversal on the H1 timeframe, enter buy.
• Put the stop-loss 1 pip below the local low swing.
• Leave the stop loss active even if you are 20 pips profit in the trade.
• When the trade reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position in the trade.

You can take advantage of these levels or regions by watching the price movement at the given levels.  

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