EUR / USD
To open long positions for EURUSD, you need:
Today, buying the European currency is recommended after updating the support level of 1.1988 the level of 1.1981 or immediately on the rebound from the support 1.1936. In the case of euro's appreciation in the first half of the day, a breakout and settling at the level above 1.2029 will also be a signal to increase long positions with the expectation of the second test at 1.2067.
To open short positions for EURUSD, you need:
In selling this pair, it is best to do so when the attempt to consolidate at 1.2029 failed and as it passes above the 30-day moving average. In the case of a breakthrough in this area, it is advised to hold off on selling this pair until a rebound from the resistance level of 1.2067. Selling should be avoided when it breaks down at the level of 1.1988. After fixing the pair below the said level while testing from below and headed upwards on the number of volumes, the pair is expected to decrease towards the support level of 1.1936.
GBP / USD
To open long positions for GBPUSD, you need:
It is advised to return buying the British pound after a breakdown and consolidation at the level of 1.3183. This opens an opportunity to increase towards 1.3223 with a further yield on new monthly highs in the area of 1.3260 and 1.3325. In the case of a drop in the pound in the morning, it is wise to pay attention to purchases which are best after upgrading towards 1.3140.
To open short positions for GBPUSD, you need:
Sellers will try to form a false breakout of resistance at 1.3183, and a return to this level will be a good signal to increase short positions in order to update towards 1.3140. The larger support level is found at 1.3101. If the pound is rising in the morning, it is best to sell after the 1.3223 test, or at a rebound of 1.3260.
Indicator description:
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
To familiarize with the basic concepts and the general rules of my TS is possible here.
