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EUR / USD
To open long positions for EUR/USD pair, you need:
The buyers managed to consolidate at the level of 1.1776 and trading takes place above this area. One could rely on the continuation of the upward trend of the euro with a target of updating 1.1807 and further up towards 1.184, where it is recommended to fix profits. In the event of the return of the euro to the level of 1.1776, it is advised to postpone the purchases until the formation of a false breakdown at 1.1748 or a rebound from 1.1713.
To open short positions for EUR/USD pair, you need:
Sellers will try to return to the level of 1.1776, which will be the first signal for the euro. In the afternoon, a breakout and consolidation below 1.1748 will allow the update of weekly lows around 1.1713 and 1.1681 where fixing profits are recommended. In the case of larger growth, it is suggested to return in selling the pair after a breakdown at 1.1807 or a rebound from 1.1843.
GBP / USD
To open long positions for GBP/USD pair, you need:
A breakout at the level of 1.2810 occurred while the pair is below 1.2810. It is better to postpone the purchase of the pound until a larger support at 1.2761 has been updated. In case of growth and consolidation above 1.2810, pound purchases are expected to reach a new resistance level of 1.2841 and further exit at 1.2879, where it is recommended to fix profits.
To open short positions for GBP/USD pair, you need:
While the pair is below 1.2810, there is a high possibility of further decline of the pound and update of the weekly low around 1.2761. In the case of a return to the level of 1.2810, it is best to postpone selling to test a larger resistance of 1.2841 after a false breakdown there or a rebound from the level of 1.2879.
Fears of indicators
To familiarize with the basic concepts and the general rules of my TS is possible here.
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