Forex Signal For GBP/USD: Upswings Increase Price, Past Resistance Levels

,   Forex Signal For GBP/USD: Upswings Increase Price, Past Resistance Levels   The return of the British pound was bolstered by the Bank of England's relaunch of the QE programme, which gave the pound some support.  

• The previous GBP/USD signal on September 20 was not triggered as the bearish price action occurred above the resistance set at $1,1451.

 

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades can only 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 $1,0942.
• Put the stop loss 1 pip below the local swing low.
• Set stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For GBP/USD: Upswings Increase Price, Past Resistance Levels

 

Sales Trade Tips

 

• Sell ​​immediately as soon as a downside price reversal on the H1 time frame is reversed on the next touch of $1,1271, $1,1350 or $1,1483.
• Place the stop loss 1 pip above the local swing height.
• Set stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

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