Trading plan for the European session on 28 May EUR / USD
May 28, 2018 8:25 am
To open long positions for EURUSD, you need:
Buying the euro is best after the breakout and consolidation above the resistance level of 1.1735, which will allow us to expect a new wave of growth to 1.1785, where it is recommended to lock in profits. In case of a decline in the euro, interim support is located in the area of 1.1692. However, you can buy from it only on a false breakdown. Long positions may be opened immediately on a rebound from the level of 1.1647.
To open short positions for EURUSD, you need:
The unsuccessful consolidation above the level of 1.1735 with a return to this level will lead to a new wave of euro sales. The goal will be a breakdown and a consolidation below the level of 1.1692. This will return the EUR / USD pair to the monthly low in the area of 1.1647, where it is recommended to lock in profits. In case of growth above the level of 1.1735, the euro can be sold for a rebound on 1.1785.
Indicator description:
MA (moving average) 50 days – yellow
MA (moving average) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
The material has been provided by InstaForex Company – www.instaforex.com
To open long positions for EURUSD, you need:
Buying the euro is best after the breakout and consolidation above the resistance level of 1.1735, which will allow us to expect a new wave of growth to 1.1785, where it is recommended to lock in profits. In case of a decline in the euro, interim support is located in the area of 1.1692. However, you can buy from it only on a false breakdown. Long positions may be opened immediately on a rebound from the level of 1.1647.
To open short positions for EURUSD, you need:
The unsuccessful consolidation above the level of 1.1735 with a return to this level will lead to a new wave of euro sales. The goal will be a breakdown and a consolidation below the level of 1.1692. This will return the EUR / USD pair to the monthly low in the area of 1.1647, where it is recommended to lock in profits. In case of growth above the level of 1.1735, the euro can be sold for a rebound on 1.1785.
Indicator description:
MA (moving average) 50 days – yellow
MA (moving average) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: