EUR / USD pair
To open long positions for EUR / USD pair, you need:
Consider new purchases of euros after the breakdown and consolidation above 1.2468, or on a false breakout from 1.2439, which could lead to a high on Friday last week with an update to the level of 1.2558, where fixing profits are recommended In the case of a decline in the euro to the level of 1.2439 in the morning, the new long positions are best considered for a rebound from 1.2388 or after the update of the larger support in the area of 1.2341.
To open short positions for EUR / USD pair, you need:
The formation of a false breakout in the morning at the level of 1.2468 or a breakdown and consolidation below 1.2439 may lead to a correction of the euro to the support area of 1.2388, with the main purpose of updating 1.2341, where fixing profits are recommended. In case of growth above the level of 1.2468, selling the euro is possible on the rebound from 1.2514.
GBP / USD pair
To open long positions for GBP / USD pair, you need:
Only the formation of a false breakout at the level of 1.4084 and a return to this level will allow buyers of the pound to expect a more powerful push upward into the resistance area of 1.4123. Fastening above this range will lead to further growth of the GBP / USD pair and update the level of 1.4170, where fixing profits are recommended. In the case of further loss of the pound, purchases are possible at a false breakout in the region of 1.4024 or on a rebound from 1.3982.
To open short positions for GBP / USD pair, you need:
Failure to fix at the level of 1.4123 or return to the level of 1.4084, it gives a good signal for an increase in short positions of the GBP / USD pair with the first lower target at the area of 1.4024 and updates the level of 1.3982, where fixing profits are recommended. If the pound rises above 1.4123, sales can be considered in the area of 1.4170.
Indicators description
MA (average sliding) 50 days - yellow MA (average sliding) 30 days - green MACD: fast EMA 12, slow EMA 26, SMA 9 Bollinger Bands 20To familiarize with the basic concepts and the general rules of my TS is possible here.