Forex Signal For GBP/USD: Weak Bullish/Consolidation Ratio

    Forex Signal For GBP/USD: Weak Bullish/Consolidation Ratio   The British pound shows little relative strength. As the GBP/USD signal was not triggered last Monday, none of the key levels defined as support or resistance were reached that day.   Today's GBP/USD Signals  

• The risk is 0,75%.
• Trading today London time only It can be entered until 17h00.

 

Short Trading Tips for Selling

 

• Next touch 1,3687 or 1,3746, go short as soon as a bearish price reversal on the H1 time frame is reversed.
• Place the stop loss 1 pip above the local swing height.
• Set a 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 Ratio

   

Long Trading Tips for Buying

 

• Next touch 1,3574, 1,3527 or 1,3502 and immediately watch for a bullish price action reversal on H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set a 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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