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