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Forex Signal For GBP/USD: Two-and-a-half-Year Low

Forex Signal For GBP/USD: Two-and-a-half-Year Low Forex Signal For GBP/USD: Two-and-a-half-Year Low

Forex Signal For GBP/USD: Two-and-a-half-Year Low
Yazar: Ross Sutton

Yayınlanma: 5 Eylül 2022 15:47

Güncellenme: 7 Kasım 2024 01:19

Forex Signal For GBP/USD: Two-and-a-half-Year Low

    Forex Signal For GBP/USD: Two-and-a-half-Year Low   Although very bearish, further declines could be limited by price channel holding.  
  • The previous GBP/USD signal was not triggered last Tuesday as bearish price action took place between possible resistance levels identified that day.
 

Today's GBP/USD Signals

 
  • The risk is 0,75%.
  • Transactions must be made before 17h00 London time today.
 

Buying Trade Tip

 
  • Buy as soon as a bullish price action reverses on the H1 time frame with the next touch of $1,1409.
  • 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: Two-and-a-half-Year Low

 

Sales Trade Tip

 
  • Go selling as soon as a downside price action reversal on the H1 time frame, right after the next touch of $1,1496.
  • 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.
  gbpusd_05092022_adam  

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