Trading plan for us session 23 Aug EUR/USD and GBP/USD
4 months ago 7ring Comments Off on Trading plan for us session 23 Aug EUR/USD and GBP/USD
EUR/USD To open long positions on the EURUSD required: Buyers managed to gain a foothold at the level of 1.1776, and while the trading is above this region, you can count on the continuation of the uptrend in the Euro to update 1.1807 and further access to 1.1843, where I recommend to take profit. In case of return of the Euro to the level 1.1776, purchase, recommend to defer until the formation of a false breakdown at 1.1748 or on the rebound from 1.1713. To open short positions on EURUSD required: the Sellers will try to get back to the level 1.1776 that will be the first signal for opening short positions on the Euro with the aim of reducing to 1.1748. Breakthrough and consolidation below 1.1748 in the second half of the day will update weekly lows around 1.1713 and 1.1681 where I recommend to take profit. In the case of a larger growth, the sales advise to return after a false breakdown 1.1807 or on the rebound from 1.1843.
GBP/USD For opening long positions on GBPUSD requires: Breakthrough level 1.2810 took place? and while the pair is below 1.2810, better buy the pound to defer to the updates larger support 1.2761. In the case of growth and consolidation above 1.2810, you can also look to buy the dollar with the expectation of renewal of 1.2841 resistance with further access to 1.2879, where I recommend to take profit. To open short positions on the GBPUSD requires: While the pair is below 1.2810, there is a real possibility of further decline of the pound update-week low near 1.2761. In case of return to the level of 1.2810, sales of the pound it is best to postpone the test to a larger resistance 1.2841, the formation out there about the breakdown or the rebound from the level 1.2879.
Concerns indicators MA (moving average) 50 days – yellow MA (moving average) 30 days – green MACD: fast EMA 12, slow EMA 26, 20 SMA Bollinger Bands