Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Trading plan for the European session on July 17 GBP / USD

July 17, 2018 Analytics

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

Much will depend on the speech of Mark Carney. In the event of a breakdown of resistance 1.3268, buyers can expect to continue the upward trend, with the update of highs around 1.3310 and 1.3348, where I recommend fixing profits. In the event of an unsuccessful fastening at 1.3268, consider buying pound is best for a rebound from 1.3192 and 1.3155.

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

The formation of a false breakout at resistance 1.3268 will be a good signal to sell the pound, which will lead to a larger sale with a support test of 1.3227, the breakdown of which will increase pressure on GBP / USD with a further decline to areas 1.3192 and 1.3155, where I recommend fixing profits. In case of GBP / USD growth in the first half of the day, you can consider selling after a false breakdown of 1.3310 or a rebound from 1.3348.

analytics5b4d9675b1e68.png

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

The material has been provided by InstaForex Company – www.instaforex.com

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