Forex Signal For GBP/USD: The Image Is Much Weaker Than $1,2000

    Forex Signal For GBP/USD: The Image Is Much Weaker Than $1,2000   UK inflation data came in higher than expected at 11,1%.  

• The previous GBP/USD signal on October 18 was not triggered because there was no bullish action when the two support levels set that day were first reached.

 

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• Buy as soon as a bullish price action reverses on the H1 time frame, right after the next touch of $1,1822, $1,1721 or $1,1602.
• Put the Stop Loss 1 pip below the local low.
• Set it to stop loss even when the trade makes a profit of 25 pips.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and let the rest of the position continue to work.

 

Forex Signal For GBP/USD: The Image Is Much Weaker Than $1,2000

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price action reverses, right after the next $1,2003 or $1,2080 touch on the H1 time frame.
• Put Stop Loss 1 pip above local high.
• Set it to stop loss even when the trade makes a profit of 25 pips.
• When the price reaches 25 pips in profit, take out 50% of the position as profit and let the rest of the position continue to work.

 

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