EUR / USD
To open long positions on EURUSD, it is required:
Opening new long positions is possible after the breakdown and consolidation above 1.1940, while excluding the divergence that can be formed on the MACD indicator. The main goal of the buyers will be the renewal of 1.1981 with the release to a new monthly maximum in the region of 1.2004. In case of a decline in the euro, opening long positions is best after the test of 1.1879 or on a rebound from 1.1840.
To open short positions on EURUSD, it is required:
The false breakdown and return to level 1.1940 with a divergence for MACD would be a good signal for opening of short positions with the goal of a breakdown and consolidation below 1.1909 and the update of the larger support to 1.1879. The main goal of the sellers will be the area of 1.1840, where it is recommended to lock in profits.
GBP / USD
To open long positions on GBPUSD, it is required:
The formation of a false breakout at 1.3308 will be the first signal to increase long positions on the pound in terms of growth and renewal of 1.3336. The fastening on this area will lead to a new upward wave with the update of the monthly maximum near 1.3374,where it is recommended to lock in profits. In case of a drop in the pound, it is best to open long positions after testing 1.3280 or on a rebound from 1.3257.
To open short positions on GBPUSD, it is required:
The fastening below 1.3308 could push the pound into the support area of 1.3280. The key target of the sellers will be the update to 1.3257. In case of a false breakdown at 1.3308, it is best to return to short positions after updating 1.3336 or to rebound from 1.3374.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20