FX.co ★ Trading plan for the European Session on August 1 EUR/USD and GBP/USD

EUR / USD

To open long positions for EURUSD, you need to:

The next wave of growth led to the renewal of a new high near 1.1845.

To open short positions for EURUSD, you need to:

Today, sellers will attempt to form a false breakdown and divergence for MACD after a renewal of 1.1840, which will lead to a larger fixation of profits and a correction of the euro to a level of 1.1788.

GBP / USD

To open long positions for GBP USD, you need to:

The growth of the pound will depend on the PMI data.

To open short positions for GBP USD, you need to:

Today, sellers will try to make a breakthrough at 1.3227, and a return to this level will be a good signal to raise short positions in order to update 1.3176 and 1.3130.

Indicators

• MA (average sliding) 50 days - yellow
• MA (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA 9
• Bollinger Bands 20

To familiarize with the basic concepts and the general rules of my TS