EUR / USD
To open long positions for EUR / USD, you need:
Consider new purchases of euros after the breakdown and consolidation above the level of 1.2430, which could lead to a renewal of the level of 1.2472 and an exit for a monthly maximum in the area of 1.2533, where I recommend fixing the profits. In the case of a decline in the euro at 1.2391 in the morning, consider new long positions best for a rebound from 1.2341 or after the update of the larger support in the area of 1.2296.
To open short positions for EUR / USD, you need:
The formation of a false breakout at 1.2430 and a return to this level can lead to a correction of the euro in the morning to the support area of 1.2391, and the consolidation below this range will cause a larger sellout of the EUR / USD pair with an update of 1.2341 and 1.2296, where I recommend fixing the profits today. In the case of growth above 1.2430, you can sell the euro on a false breakout of 1.2472 or on a rebound immediately from the level of 1.2533.
GBP / USD
To open long positions for GBP / USD, you need:
While the trade is above the level of 1.4175, we can expect the continuation of the pound's growth. The break and consolidation above the level of 1.4225 would be a good signal for the opening of new long positions in the pound with the update of 1.4280 and the test of the January high of 1.4341, where I recommend fixing the profit. In the case of a decline at 1.4175 in the morning, it is best to go back to buying after a false breakout at 1.4123 or at a rebound of 1.4068.
To open short positions for GBP / USD, you need:
The return at the level of 1.4175 will signal a rise in short positions in GBP / USD pair with the first drop target to the area of 1.4123 and an update of 1.4068, where I recommend fixing the profit. The main goal of the sellers will be the test of 1.4024. If the pound is above the level of 1.4225, you can consider selling in the area of 1.4280 or a rebound from 1.4341.
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
