FX.co ★ Trading plan for the US session of EUR / USD and GBP / USD on July 26

EUR / USD

To open long positions for EUR / USD pair, you need:

A Larger downward trend for the euro did not happen in the first half of the day.

To open short positions for EUR / USD pair, you need:

Sellers failed to hold on 1.1631 in the morning.

GBP / USD

To open long positions for GBP / USD pair, you need:

Buyers are trying to gain a foothold above 1.3041 where it is expected to continue the rally of the pound to the resistance level of 1.3092 and a first profit taking take will take place.

To open short positions for GBP / USD pair, you need:

Sellers Are not yet in a better situation, since a break above 1.3041 could lead to the elimination of a number of stop orders.

Fears of indicators

• MA (average sliding) 50 days - yellow
• MA (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20

To familiarize with the basic concepts and the general rules of my TS is possible here.