EUR / USD
To open long positions for EUR/USD, it is required:
Serious changes in the first half of the day did not happen. Still, the only consolidation above the level of 1.1778 will be a good signal to increase long positions in order to update the large resistance level of 1.1826, where I recommend fixing profit. In the event of an unsuccessful attempt to consolidate above 1.1778, it is best to postpone purchases until an upgrade to 1.1737, with the formation of a false breakdown there already, or on a rebound from the lower border of channel 1.1698.
To open short positions for EUR/USD, it is required:
Sellers will try to form a false breakout at the level of 1.1778 and return the trade under this range, which will lead to a possible decrease in the European currency already to the middle of channel 1.1737, at which large players can temporarily retreat. An unsuccessful growth from 1.1737 with a repeat test of this area will be an additional signal to increase short positions on the euro in terms of updating to 1.1698. If the euro rises above 1.1778, it is best to go back to the rebound from 1.1826.
GBP / USD
To open long positions for GBP/USD, you need:
Pound situation is similar. It is best to buy purchases only after the breakdown and consolidation above 1.3285, which leads to a larger corrective wave to the area of 1.3359 and, quite possibly, to 1.3412, where I recommend fixing the profit. If it is not possible to get above 1.3285, then it is best to go back to long positions by pound after updating the lower border of the channel 1.3223, with the formation of a false breakdown there, or on a rebound from 1.3160.
To open short positions for GBP/USD, it is required:
The formation of a false breakout at 1.3285 and a return to it can lead to a larger decrease in the British pound to the lower channel boundary area of 1.3223, where I recommend fixing the profit. The break and consolidation below 1.3223 will be a new signal for the opening of short positions for the purpose of test 1.3160. In the case of growth above 1.3285, sales are best returned to a rebound from 1.3359.
Indicators
MA (medium sliding) 50 days - yellow
MA (medium sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
