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FX.co ★ Trading plan for the European session on April 10 GBP / USD

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Forex Analysis:::2018-04-10T21:46:01

Trading plan for the European session on April 10 GBP / USD

To open long positions for GBP / USD, you need:

The break and consolidation above the level of 1.4139 will lead to the continuation of the upward trend in the pound, which will allow us to expect to update the already new highs of 1.4180 and 1.4210, where I recommend fixing the profits. In the case of a pound drop in the first half of the day below the support of 1.4114, it is best to return to purchases after updating 1.4084, or on a rebound from 1.4048.

To open short positions for GBP / USD, you need:

The formation of a false breakout and return to the level of 1.4139, or consolidation below the intermediate support of 1.4114, will lead to a larger sellout of GBP / USD in the downgrade to 1.4084 area and to update 1.4048, where I recommend fixing the profit. In the case of growth above 1.4139, sales can be seen after the update of 1.4180 or on the rebound from 1.4210.

Trading plan for the European session on April 10 GBP / USD

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

Analyst InstaForex
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