Forex Signal For GBP/USD: Very Weak Rise

    Forex Signal For GBP/USD: Very Weak Rise   There is potential new support at 1,3843. The GBP/USD signal last Wednesday produced a losing short trade at 1,3760 from the downtrend.  

Today's GBP/USD Signals

 

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

 

Sales Trade Tips

 

• On the next touch of 1,3898 or 1,3950, immediately enter short after a bearish price reversal on the H1 time frame.
• 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 be driven.

Forex Signal For GBP/USD: Very Weak Rise

Buying Trading Tips

 

• Enter long on the next touch of 1,3808 or 1,3766 immediately after a bullish price action reversal on the H1 time frame.
• 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 be driven.

 

You may also be interested in:

 

Forex Signal For AUD/USD: Probable Upside Run to 0,7500.