Forex Signal For GBP/USD: Weakly Bullish.

      Forex Signal For GBP/USD: Weakly Bullish. Signals from the Bank of England on rates are helping to hold the pound sterling. As the GBP/USD signal was not triggered last Wednesday, the price did not show any bullish price action when it first reached the support level defined as $1,3577 that day.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Transactions must only be made before 17h00 London time today.

 

Short Trading Tips

 

• On the next touch of 1,3687 or 1,3746, immediately sell as soon as a bearish price action reverses 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: Weakly Bullish.

 

Trading Tip for Buying

 

• Enter long after the bullish price action reversal on the H1 time frame right after the next touch to 1,3574.
• 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.

 

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