Trading plan for the European session on September 10 GBP / USD
To open long positions for GBP / USD, you need:
Pound buyers need a quick return to the resistance level of 1.2939 to save the situation. Only it will be a signal to open long positions in expectation of updating the high of 1.2982 and exit to 1.3024, where I recommend fixing the profit. In the case of a decline to support 1.2906 in the morning, long positions on the pound can be searched for the update area 1.2872, or for a rebound from 1.2831.
To open short positions for GBP / USD, you need:
A repeat support test of 1.2906 may lead to the formation of a new downward wave in the pair, with the last week’s lows updated in the area of 1.2872 and 1.2831, where I recommend fixing the profit. An unsuccessful consolidation above 1.2939 in the morning will also be a signal to GBP / USD sales.
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