To open long positions for GBP / USD pair, you need:
Only a break and consolidation at 1.3162 will be the first signal for the opening of long positions for the British pound in order to return and update the weekly high near the level of 1.3214, where fixing profits are recommended. In case of GBP / USD decline in the first half of the day, you can see the purchase after a formation of a false breakout in the support area of 1.3114 or open long positions on the rebound from 1.3050.
To open short positions for GBP / USD pair, you need:
An unsuccessful attempt to consolidate at the resistance level of 1.3162 and returning will be a good signal for opening short positions on the pound, with the main goal of a breakdown and consolidation below support 1.3114, which will lead to a larger sellout of GBP / USD and a minimum update around 1.3050, where fixing profits are recommended. In the case of growth above 1.3162, the pound can be sold for a rebound of 1.3214.
Description of indicators
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
