For Traders

Analytical Reviews

Trading plan

18.06.201822:01 Forex Analysis & Reviews: Trading plan for the US session on June 18 GBP / USD

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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

When the test is repeated, the buyers will try to return to the resistance level of 1.3256, which will lead to a larger upward correction to the area of 1.3285 and 1.3315, where I recommend fixing the profit. In the case of a further decline in GBP / USD in the afternoon, you can go back to the rebound from 1.3213 immediately.

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

While the trade is below 1.3256, the pressure on the pound will be maintained, and the main target of the sellers will be the support of 1.3213, where I recommend fixing the profit. In the case of growth above 1.3256 in the afternoon, sales can be looked at from the level of 1.3285 and 1.3315.

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.