Daily trade signals for the GBPUSD currency pair

  • May 13 2022
  • by
  • Analyst AZA
Daily trade signals for the GBPUSD currency pair

Daily trade signals for the GBPUSD currency pair

The downtrend has no boundaries for the GBPUSD currency pair in the forex market. Every day new lows are created. Therefore, the forex strategy for today is to open a short position and join the bears. The target for this trade is 60 pips. We place the Take Profit order at a flat level of 1.2100.

Symbol: GBPUSD
Order Type: Pending Order - Sell Stop
Entry Price at 1.2160
Take Profit at 1.2100
Pips Earning: 60

Forex strategy day trading:
EURUSD sell at the price of 1.0350
USDJPY sell at the price of 129.45
XAUUSD sell at the price of 1810.00
USDCHF buy at the price of 1.0050

This example shows how to use leverage in forex when opening an order.
Best us forex broker for beginners opens the possibility of opening new practice accounts.
To open demo forex account you need to follow the link.

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Currency forex trading
The profit can be $600.00 if the trading volume of 100000 GBP (1 Lot).

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