Daily signals for the currency pair GBP / USD: a new high in 2 months


 Short trading ideas: Sell after the reversal of price action within the downside on the H1 timeframe immediately upon next touching 1.3258, 1.3320, 1.3370, 1.3402, or 1.3434. Set your stop-loss one point above the last swing high. Set your stop loss to interrupt even once The trade is to form a profit of 25 pips. Take 50% of the position as profit when the worth reaches 25 pips of profit and leave the rest of the position in action. thought for an extended trade. Buy after the upside reversal of price action on the H1 timeframe immediately on a subsequent touch of 1.3079. Set your stop-loss point at one point below the last swing low. Set your stop loss to interrupt even once the trade hits a profit of 25 pips. Take 50% of the position as profit when the worth reaches 25 pips of profit and leave the remainder of the position to run.


 the simplest thanks to defining a classic "price action reversal" is to shut an hourly candle, like a pin bar, a Doji candle, an outdoor candle, or maybe just a sunk candle with a better close. you'll exploit these levels or areas by observing the worth action that happens at the required levels.


 Analysis of British Pound / US Dollar currency pair


 I wrote yesterday that the worth is currently within the middle of a reasonably wide technical range between the closest support and resistance levels, so I assumed a reversal at 1.3079 or 1.3258 could be an honest trade.


 I even have noticed that the bullish trend is long-term, so a buy trade-off a bounce to the upside at 1.3079 is probably going to be the simplest possible trade setup.


 This was a reasonably good expectation because the price continued to interrupt through to new long-term highs and is currently trying to interrupt above the resistance at 1.3258.





 The British pound is taken into account relatively strong, while there's continued weakness within the US dollar, therefore the pair is in a good position to continue rising if it manages to interrupt above 1.3258, reaching a replacement high in several months and maintaining the bullish trend.


 I might take a bullish bias if we get 2 consecutive hour closings above 1.3258

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