EUR / USD
To open long positions on EURUSD, it is required:
Correction on the European currency continues. In this regard, it is best to count on new long positions after updating to larger support levels in the area of 1.1980, where there is a false breakdown or on a rebound from 1.1947. If the buyers hold the intermediate area of 1.2014, a larger upward trend may lead to a return to 1.2050 and an update to 1.2080, where it is recommended to lock in profits.
To open short positions on EURUSD, it is required:
The break and consolidation below the level of 1.2014 or the formation of a false breakdown at 1.2050 will serve as a good signal to increase short positions in the euro with the first goal of reaching the level of 1.1980 and the main purpose of the support test at 1.1947, where it is recommended to lock in profits. If the euro rises in the first half of the day above 1.2050, you can look for short positions after updating to 1.2080.
GBP / USD
To open long positions on GBPUSD, it is required:
It is best to consider long positions on the pound after a false breakdown is formed at 1.3545 or after the update to the support level of 1.3514. The absence of the peak day volume at 1.3514 may lead to a larger downward correction to the 1.3479 area, where you can buy immediately for a rebound. The main task of the buyers will be to return and consolidate above the level of 1.3581, after which it will be possible to count on updating to 1.3614.
To open short positions on GBPUSD, it is required:
Only the consolidation below 1.3545 will be the signal for opening short positions in the pound with a goal to return to 1.3514 and update to 1.3479, where it is recommended to lock in profits. The next generation of false breakdown at 1.3581 will be an additional signal to sell the pound. In case of growth above 1.3581 in the morning, you can immediately open short positions on a rebound from 1.3614.
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