Trading plan for the US session on June 8 for the GBP/USD
June 9, 2018 12:22 am
To open long positions on GBP/USD it is required:
Buyers of the pound need to return to the morning resistance level 1.3404. Only after that it will be possible to count on a repeated wave of growth of GBP/USD with an exit to the daily maximum in the area of 1.3434 and update 1.3468. If the pound is further reduced in the second half of the day, support can be sought after another false breakdown in the area of 1.3367 or on a rebound from 1.3336.
To open short positions on GBP/USD it is required:
While the trade is below 1.3404, the pressure on the pound will remain, which may lead to the renewal of support at 1.3367, and then to a new low at 1.3336, where it is recommended recording the profit. In case of growth above 1.3404, selling GBP/USD can resume on a rebound from 1.3434.
Description of indicators
MA (moving average) 50 days – yellow
MA (moving average) 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 on GBP/USD it is required:
Buyers of the pound need to return to the morning resistance level 1.3404. Only after that it will be possible to count on a repeated wave of growth of GBP/USD with an exit to the daily maximum in the area of 1.3434 and update 1.3468. If the pound is further reduced in the second half of the day, support can be sought after another false breakdown in the area of 1.3367 or on a rebound from 1.3336.
To open short positions on GBP/USD it is required:
While the trade is below 1.3404, the pressure on the pound will remain, which may lead to the renewal of support at 1.3367, and then to a new low at 1.3336, where it is recommended recording the profit. In case of growth above 1.3404, selling GBP/USD can resume on a rebound from 1.3434.
Description of indicators
The material has been provided by InstaForex Company – www.instaforex.com
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