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10.04.2018 05:53 AM
Trading plan for the US session on April 9 GBP/USD

To open long positions for GBP/USD, it is required:

Buyers continue to perform the morning installation in order to update the resistance of 1.4139. A real consolidation above this range will open the way to 1.4177 and 1.4205. In the event of an unsuccessful breakdown of 1.4139, purchases can be returned only after a re-decline to the area of 1.4084 or to a rebound of 1.4048.

To open short positions for GBP/USD, it is required:

The formation of a false breakout and a return below 1.4139 will be the first signal for the opening of short positions in GBP/USD with the first goal of a decline towards the support of 1.4084 and the main purpose of updating the level of 1.4048. In case of growth above 1.4139, you can sell the pound for a rebound from 1.4177.

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Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski,
Analytical expert of InstaForex
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