-
GBP/USD: Downwards Waves Continue
My previous GBP/USD signal on 2nd April was not triggered, as none of the key support or resistance levels were reached until after the end of the London session. Go long following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.2700, $1.2680, or $1.2634. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 25 pips in profit. Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to ride. Short Trade Ideas Go short following a bearish price action reversal on the ... (full story)
