To open long positions on GBPUSD, you need: At the moment, the purchasers’job is to return to the resistance level of 1.3009, which will cause an upward correction in the optimum location of 1.3036, where I suggest taking profits. In the circumstance of the set’s decline in the first half of the day, it is possible to take a look at long positions from the level of 1.2977, but only if a false breakout is formed. In the absence of demand in the area of 1.2977, purchases can be returned only to the rebound from the area of 1.2940.
To open short positions on GBPUSD, you need:
In the very first half of the day, the bears need to return to the assistance location of 1.2977, the test of which will lead to the development of large pressure on the pound and the resumption of the down movement. In this circumstance, you can anticipate on updating the lows in the area of 1.2940 and 1.2909, where I recommend taking revenues. In the absence of pressure in the location of 1.2977, it is best to think about new short positions after the test of the upper border of the side channel in the area of 1.3009 or instantly to rebound from the optimum of 1.3036.
Trading is carried out listed below 30 and 50 medium moving, which shows the conservation of the bearish market.
The volatility of the Bollinger Bands indicator is really low, which does not give signals to go into the marketplace.
Description of indications
- MA (moving average) 50 days – yellow
- MA (moving average) 30 days – green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
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