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EUR / USD
To open long positions on EURUSD, it is required:
Long positions on the euro are best considered when forming a false breakout in the area of 1.1947 and in the absence of such, it is recommended to wait for the update to a larger support level at 1.1909 and to immediately buy the euro from there for a rebound. A break and consolidation above 1.1977 will also be a signal to increase long positions in the EUR / USD pair with a goal of returning to 1.2003 and updating to 1.2044.
To open short positions on EURUSD, it is required:
Only the consolidation below 1.1947 or the formation of a false breakdown at 1.1974 will serve as a good signal to increase short positions in the euro. The first goal is reaching the level of 1.1909. The main purpose of the support test is 1.1866, where it is recommended to lock in profits. If the euro rises in the first half of the day above 1.1974, it is best to open short positions after the update to 1.2003.
GBP / USD
To open long positions on GBPUSD, it is required:
Consider opening long positions on the pound after breaking through and consolidating above the level of 1.3581 or after forming a false breakout at 1.3552. This will lead to the renewal of the monthly maximum near 1.3614 with the subsequent exit at 1.3648, where it is recommended to lock in profits. In case of a larger pound drop in the morning, you can buy at around the level of 1.3522.
To open short positions on GBPUSD, it is required:
Only the consolidation below 1.3552 will be a signal for the opening of short positions in the pound with a goal of returning to 1.3522 and updating to 1.3494, where it is recommended to lock in profits. The next generation of false breakdown at 1.3581 will be an additional signal to the sell the pound. In case of growth above 1.3581 in the morning, you can open short positions at once to rebound from 1.3614. However, larger sales will not begin earlier than the update to 1.3648.
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
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