Forex Signal For GBP/USD: Tightening Triangle Hold

    Forex Signal For GBP/USD: Tightening Triangle Hold   Yesterday's GBP/USD signal could have produced a profitable trade without bouncing up from the lower trendline of the consolidation triangle pattern.  

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• Enter long as soon as a bullish price action reversal on the H1 time frame with the next touch of $1,3236 or $1,3141.
• 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 last.

 

Forex Signal For GBP/USD: Tightening Triangle Hold

 

Sales Trade Tip

 

• Go short as soon as a bearish price action reversal on the H1 time frame with the next touch of $1,3310.
• 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 last.

   

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