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EUR / USD pair
To open long positions for EUR / USD pair, you need:
Buyers managed to get hold of 1.1801 support and as long as the trade is above this level, a second test and fixing to 1.1823 can be expected, which will lead to the renewal of the daily high near 1.1853 with the exit to large resistance of 1.1906. If the euro falls below the level of 1.1801, it is recommended to postpone the purchase until the update at 1.1770.
To open short positions for EUR/USD pair, you need:
Selling the euro is advised if there is a repeated decrease to the level of 1.1801, as its breakdown will lead to the sale and update of the larger support 1.1770, where fixing profit is recommended today. In the case of a euro growth in the afternoon, it is best to open short positions after updating the high of the day in the area of 1.1853 or after another unsuccessful attempt to gain a foothold above 1.1823.
GBP / USD pair
To open long positions for GBP/USD pair, you need:
Buyers have worked out the resistance at 1.3136 and they are eager to upgrade 1.3205, where fixing profit is recommended. It is better to return in purchasing of the new pound after a test from the top, then down to the level of 1.3136. Another scenario is when it breaks through and consolidates above the area of 1.3205 from which you can count on the continuation of the upward trend in the area of 1.3280.
To open short positions for GBP / USD, you need:
It is best to sell the pound after the upgrade and the unsuccessful attempt to fix at 1.3205, which will lead to the return of the GBP/USD pair in the middle of the channel to the area of 1.3165. The main goal of the sellers will be the area of 1.3136. In case of growth above 1.3205, pay attention to sales after the test of the intermediate resistance at 1.3240 or a rebound from 1.3280.
Fears of indicators
To familiarize with the basic concepts and the general rules of my TS is possible here.
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