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FX.co ★ Trading plan for the US session on September 6 EUR / USD and GBP / USD

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Forex Analysis:::2017-09-06T12:27:48

Trading plan for the US session on September 6 EUR / USD and GBP / USD

EUR / USD

To open long positions for EUR/USD, the following is required:

Failure to gain a foothold above 1.1930 indicates the development of the scenario for selling the euro. Return to shopping in the afternoon, I recommend only after re-consolidation above 1.1930 already with a view to recovering to the new weekly highs of 1.1974 and 1.2015, where I recommend fixing profits. In the case of a decline in the euro, opening new long positions is best for a rebound from the support of 1.1879.

To open short positions for EUR/USD, it is required:

Return and consolidation below the level of 1.1930 will be a clear signal for the opening of short positions, the main purpose of which will be the test of 1.1900 and update level of 1.1879, where I recommend fixing profits. In the case of growth above 1.1930, sales are best returned to a rebound from the level of 1.1974 and 1.2015.

Trading plan for the US session on September 6 EUR / USD and GBP / USD

GBP / USD

To open long positions for GBP/USD, the following is required:

Pounding at 1.3043 is at odds with the MACD indicator, on which a divergence is formed, so I do not recommend buying a pound in current conditions. The more optimal levels for buying are located in the area of 1.3016 and 1.2984. Or you can open long positions at once to rebound from 1.2955.

To open short positions for GBP/USD, it is required:

The formation of a divergence in the MACD indicator indicates a lack of buyers in the area of new weekly highs in the area of 1.3043. Return to this level, after an unsuccessful attempt at growth, may indicate an increase in short positions with the expectation of updating levels 1.3016 and 1.2984 in the second half of the day. In the case of a sharp increase in the pound, I recommend going back to sales at a rebound of 1.3091.

Trading plan for the US session on September 6 EUR / USD and GBP / USD

Indicators

MA (medium sliding) 50 days - yellow

MA (medium sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Analyst InstaForex
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