Forex Signal For GBP/USD: Weak Bullish Bounce.

    Forex Signal For GBP/USD: Weak Bullish Bounce.   The price still seems likely to drop below the consolidated triangle pattern. Unfortunately, the GBP/USD signal was not triggered last Tuesday as the bearish price action settled above the main resistance at $1,3353.  

Today's GBP/USD Signals

 

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

 

Buying Trade Tip

 

• Watch a bullish price action reversal on the H1 time frame right away with the next touch of $1,3236.
• Put the stop loss 1 pip below the local swing low.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For GBP/USD: Weak Bullish Bounce.

 

Sales Trade Tip

 

• Expose just after the next $1,3310 touchdown, following a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

   

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