EUR / USD
To open long positions for EUR / USD, you need:
On buying the euro today, it is recommended to consider this only after the update of support at 1.1601, followed by the formation of a false breakdown in that area, or open long positions near the rebound from 1.1566 with a small stop below. The upward correction in the euro may strengthen after the consolidation above the 1.1640 level, but the growth will be limited within the 1.1679 area, where it is recommended to fix profit for today.
To open short positions for EUR / USD, you need:
Trading below the 1.1640 allows sellers to expect an update at 1.1601 with a further exit to 1.1566, where it is recommended to fix profits. In the case of a rebound to 1.1640, short positions for the euro are best to rebound at 1.1679 with a 30-day moving average.
GBP / USD
To open long positions for GBP / USD, you need:
Buying the pound can be seen only after the formation of a false breakout and return to the 1.3117 level, which will lead to a larger upward trend in the resistance area 1.3159 and 1.3187, where it is recommended to fix profits. In the case of breakdown of 1.3117, consider long positions best after upgrading 1.3073 or a rebound from 1.3031.
To open short positions for GBP / USD, you need:
Breakdown and consolidation below 1.3117 may lead to a further selling of the pound towards the 1.3073 support area with a key daily target in the 1.3031 area, where it is recommended to fix profit. In the case of growth above 1.3117, it is best to return the pound sales after upgrading to 1.3159 or to rebound from 1.3187.
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.
