EUR/USD
To open long positions for EURUSD, it is required:
Buying is advised only after a steadying above 1.1673 or after forming a false breakdown and returning to the level of 1.1639. The main goal will be an update at 1.1722, where it is recommended to lock in profits. In the event of a decline below 1.1639, it is best to return to long positions only after a larger support test of 1.1602.
To open short positions for EURUSD, it is required:
A false breakout and a return to the level of 1.1673 will be a good signal for opening new short positions in the European currency. A steadying below 1.1639 will also lead to selling and the renewal of the larger support at 1.1602, where it is recommended to lock in profits. In the event of a growth in the euro above 1.1673, it is advised to return to short positions only for a rebound from 1.1722.
GBP/USD
To open long positions for GBP/USD, it is required:
It is best to consider long positions in the pound after a return and consolidation at the level of 1.3137, which could lead to a larger upward correction towards the area of 1.3160 and 1.3186, where it is recommended to lock in profit. In the event of an unsuccessful growth towards the level of 1.3137, it is best to return to long positions after forming a false breakout at 1.3095 or to rebound from 1.3068.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return at 1.3137 would be a good signal to open short positions in the pound with a decline towards 1.3095, where a part of the profit can be locked in. The main goal will be to update the support at 1.3068. In the event of a growth above 1.3137, it is best to return to short positions after the test at 1.3160 or on a rebound from 1.3186.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
