EUR / USD
To open long positions on EURUSD, it is required:
Buying the euro is best after the return and consolidation at 1.1602. This will lead to a larger upward correction in the area of 1.1644 with an exit at 1.1687, where it is recommended to lock in profits. In case of further euro decline, buying from 1.1575 is best when forming a false breakout. Opening new long positions is better on a rebound from the area of 1.1538.
To open short positions on EURUSD, it is required:
The fastening below 1.1575 will lead to a quick sellout of the euro to the area of 1.1538 and a further decline to a larger support of 1.1513, where it is recommended to lock in profits. Forming a false breakout and returning to the resistance level of 1.1602 will also be an additional signal for euro sales. In case of growth above 1.1602, it is recommended to pay attention to short positions only after updating at 1.1644 or on a rebound from 1.1687.
GBP / USD
To open long positions on GBPUSD, it is required:
The fastening at the resistance level of 1.3169 will lead to the formation of a new wave of growth of the British pound with an update of 1.3204 and an exit to 1.3244, where it is recommended to lock in profits. The formation of a false breakout at 1.3143 will also be an additional signal to increase long positions. In another version, it is best to go back to buying pound on a rebound from 1.3113.
To open short positions on GBPUSD, it is required:
While trading is below 1.3169, you can expect a decrease in GBP / USD. Sales can be increased only after consolidation below 1.3143, which will push the British pound to the lower border of the channel at 1.3113. In case of growth above 1.3169, it is recommended to return to short positions after a false breakdown of 1.3204 or on a rebound from 1.3244.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
