EUR / USD pair
To open long positions for EUR/USD pair, you need:
A break and consolidation above 1.2035 could lead to the resumption of the upward trend of the euro aiming to update the level of 1.2076, which was formed yesterday and further exit at 1.2123, where fixing profits are recommended. In the event of an unsuccessful consolidation above 1.2035. In the morning, long positions are best considered after forming a false breakdown on 1.2004, or immediately rebound from 1.1947.
To open short positions for EUR / USD pair, you need:The formation of a false breakout and an unfortunate fixation at 1.2035 would be a good signal in opening short positions of EUR/USD pair to reduce the level of 1.2004. Consolidating below this range could lead to a larger sellout of EUR / USD with update 1.1947 and 1.1909, fixing profits are recommended. In the case of growth above 1.2035, it is possible to open short positions for the euro after a false breakout at 1.2076 or a rebound from 1.2123.
GBP / USD pair
To open long positions for GBP/USD pair, you need:
A breakthrough and consolidation at the level of 1.3532 will be a good signal for the resumption of purchases in GBP/USD pair and update the level of 1.3565 with the main target of returning to the level of 1.3609, where fixing profits are recommended. In the event of an unsuccessful breakout above 1.3532, it is best to postpone long positions for a false breakout at 1.3505 or buy a pound for a rebound at the level of 1.3479.
To open short positions for GBP/USD pair, you need:
A false breakout and a return at the level of 1.3532 would be a good signal in opening short positions with a decline in the support area to 1.3505. Consolidating under this area may completely return to GBP/USD pair to a downward spike that could lead to the renewal of weekly lows around 1.3479 and 1.3452, where fixing profits are recommended. In the case of a pound rising above 1.3532, short positions can be considered for an immediate rebound from 1.3565.
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.
