09.03.201813:33 Forex Analysis & Reviews: Trading plan for the US session on March 9 GBP / USD

To open long positions for GBP / USD, you need:

Compared with the morning forecast, the situation has not changed. To resume growth, the buyers of the pound all also need to gain a foothold above the resistance of 1.3824, which will return to a larger level of 1.3861, where I recommend fixing the profits. In the case of GBP / USD currency pair decline under the support of 1.3789, consider long positions better only after updating to 1.3756 or on a rebound from a larger area of 1.3717.

To open short positions for GBP / USD, you need:

The buyers worked out the formation of a false breakout at 1.3824, but this did not lead to a larger sale. While the trade is below the level of 1.3824, we can expect a repeat test and consolidation below the level of 1.3789, which will lead to larger sales of GBP / USD in the support areas of 1.3756 and 1.3717, where I recommend fixing the profits. In the case of growth above the level of 1.3824, I recommend to return to short positions in GBP / USD only on a rebound from 1.3861.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20