Gap Trading Signals on GBP Pairs (September 8 – 22, 2014)

GBPNZD = Sell

 

GBPUSD = Sell

 

EURGBP = Buy

 

GBPCHF = Sell

 

GBPJPY = Buy

 

GBPCAD = Buy

 

GBPAUD = Buy

 

NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. The signals may become too late to be taken after 7.00 AM GMT. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 would be used. The trading duration is 2 weeks. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained.

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

 

Source: Tallinex.com

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