Trading plan for the US session on June 12 GBP / USD
June 12, 2018 11:24 pm
To open long positions for GBP / USD, you need:
Buyers of the pound need to return to the resistance level of 1.3392. Only after this, it will be possible to count on a repeated wave of GBP / USD rise with an exit to the upper border of the channel of 1.3439, and then for a weekly maximum in the area of 1.3474, where I recommend fixing the profit. In the case of further reduction of the pound to purchases, you can return on a false breakdown from 1.3334 or on a rebound from 1.3303.
To open short positions for GBP / USD, you need:
While the trade is below the level of 1.3392, the pressure on the pound will be maintained, which could lead to the renewal of the new daily low around 1.3334, and then the larger support level of 1.3303, where I recommend fixing the profit. In the case of growth above the level of 1.3392 in the afternoon, selling GBP / USD can again be on the rebound from 1.3439.
Description 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
The material has been provided by InstaForex Company – www.instaforex.com
To open long positions for GBP / USD, you need:
Buyers of the pound need to return to the resistance level of 1.3392. Only after this, it will be possible to count on a repeated wave of GBP / USD rise with an exit to the upper border of the channel of 1.3439, and then for a weekly maximum in the area of 1.3474, where I recommend fixing the profit. In the case of further reduction of the pound to purchases, you can return on a false breakdown from 1.3334 or on a rebound from 1.3303.
To open short positions for GBP / USD, you need:
While the trade is below the level of 1.3392, the pressure on the pound will be maintained, which could lead to the renewal of the new daily low around 1.3334, and then the larger support level of 1.3303, where I recommend fixing the profit. In the case of growth above the level of 1.3392 in the afternoon, selling GBP / USD can again be on the rebound from 1.3439.
Description 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
The material has been provided by InstaForex Company – www.instaforex.com
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