Forex Signal For GBP/USD: Weak Bullish Consolidation.

  Forex Signal For GBP/USD: Weak Bullish Consolidation. The pound is stronger against the dollar than most other currencies. The reason why the GBP/USD signal was not triggered last Wednesday is because there was no bullish action once the price reached $1,3236.  

Today's GBP/USD Signals

 

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

 

Buying Trading Tips

 

• For the next touch of $1,3219 or $1,3141, immediately watch the bullish price action reversal on the time frame.
• 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 Consolidation.

 

Sales Trade Tip

 

• Exposed right 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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