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12.05.201805:30 Forex Analysis & Reviews: Trading plan for the US session on May 11 for the GBP/USD

Long-term review

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To open long positions on EURUSD it is required:

In the first half of the day, the trade moved above the resistance range 1.1927, and as long as buyers have a chance for a larger upward movement, with the upgrade already at the level of 1.1975 and reaching a high of 1.2019, where it is recommended fixing profits. In case of return to support level 1.1927 in the afternoon, it is recommended to consider long positions in euro only after the renewal of the area 1.1876.

To open short positions on EURUSD it is required:

The return to support level 1.1927 in the afternoon will be a good signal for the opening of short positions in euros, in the expectation of updating the daily low in the area of 1.1876, where it is recommended taking the profit. In the case of a larger EUR/USD growth, you can sell for a rebound of 1.1975.

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

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