My previous GBP/USD signal on 11th January was not triggered, as there was no bullish price action when the price first reached the support level at $1.2111.
was not triggered, as there was no bullish price action when the price first reached the support level at $1.2111 that day.Long Trade Ideas
Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.2100 or $1.2034.Adjust the stop loss to break even once the trade is 25 pips in profit. Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.Short entry following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.2343.Adjust the stop loss to break even once the trade is 25 pips in profit.
Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a
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