Main Quotes Calendar Forum
flag

FX.co ★ Trading plan for the US session on September 28 EUR / USD and GBP / USD

parent
Forex Analysis:::2017-09-28T12:37:46

Trading plan for the US session on September 28 EUR / USD and GBP / USD

EUR / USD

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

Above 1.1757, it was possible to climb and also to reach 1.1789, where buyers gradually left the market. At the moment, it's best to return to long positions after updating to 1.1749 with the presence of good volume on the test of this level, otherwise, it's best to go back to the rebound from 1.1721. In the case of breakdown and consolidation above 1.1789, we can expect the euro to continue growing in the area of 1.1826.

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

Sellers can keep the pressure on the pair to the level of 1.1749. In the case of a re-growth to 1.1789, I recommend that you postpone short positions to a larger resistance at 1.1826, where you can immediately sell for a rebound. A breakout of 1.1749 could lead to a minimum of the day in the area of 1.1721, where I recommend fixing profits.

Trading plan for the US session on September 28 EUR / USD and GBP / USD

GBP / USD

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

A break above 1.3423 may lead to the continued growth of the British pound for the purpose of updating to 1.3463 and 1.3509, where I recommend fixing profit on long positions. In the event of a false breakout at 1.3423, it is best to buy GBP / USD after the pair has fallen to the lows of the day to 1.3349 area or to a rebound from 1.3309.

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

Sellers returned to the market only after an unsuccessful attempt to consolidate above the level of 1.3423, which will lead to the sale of the pound and its decrease to the middle of the channel 1.3385 and, quite possibly, to update the minimum of the day around 1.3349. In the case of growth above 1.3423, I recommend returning to the sale of the pound only after updating to 1.3463 or on a rebound from 1.3509.

Trading plan for the US session on September 28 EUR / USD and GBP / USD

Indicators

MA (average sliding) 50 days - yellow

MA (middle sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...