EUR / USD pair
To open long positions for EUR / USD pair, you need:
It is recommended to consider trading this pair in long positions after a breakdown and consolidation at the level of 1.1774. This makes it possible to rely on a bigger upward movement in the area of 1.1818 with the update of the high at 1.1854, where fixing the profit is recommended. In the event of a further decline in the euro, it is best to expect purchases after upgrading the support level of 1.1723 or an immediate rebound from 1.1698.
To open short positions for EUR / USD pair, you need:
While the trade is below the level of 1.1774, sellers can count on a further decline in the trend with an update of the large support found at 1.1723, where fixing the profit is recommended. If the euro rises above 1.1774, it is best to return to short positions after updating to 1.1818 or an immediate rebound from 1.1854.
GBP / USD pair
To open long positions for GBP / USD pair, you need:
Returning to the level of 1.3221 and securing it will allow bigger purchases with a renewal of the resistance level at 1.3280, where fixing the profit is recommended today. A breakthrough in this range will open the way to new highs in the area of 1.3336. In the case of a further decline in the pound, the best way to go back to buying this pair is after a test at 1.3170 or a rebound from 1.3094.
To open short positions for GBP / USD, you need:
The next formation of a false breakdown at1.3221 or consolidation below the level of 1.3170 will lead to larger sales of the pound with test 1.3094, where it is best to fix the profit. In case of growth above 1.3221, selling the pound is recommended after a rebound from 1.3280.
Fears of indicators
- 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.
