FX.co ★ Trading plan for the European session for July 19 EUR/USD and GBP/USD

EUR / USD

To open long positions for EURUSD, you need:

The bulls reached the targets set for the first week and now there is a slight correction.

To open short positions for EURUSD, you need:

Selling the euro today is best done after an unsuccessful attempt to consolidate and return to the level of 1.1552 or at the level of immediate rebound from 1.1578.

GBP / USD

To open long positions for GBPUSD, you need:

For the pound, the buy signal will appear after consolidation above the level of 1.3048.

To open short positions for GBPUSD, you need:

Sellers will rely on the formation of a false breakout in the area of the 1.3048 which will lead to an increase in short positions with the test level at 1.3014.

Fears indicator

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: a fast EMA 12, Slow EMA 26, SMA 9

Bollinger Bands 20

To familiarize with the basic concepts and the general rules of my TS is found here: https://fxcraft.ru/archives/19945