empty
 
 
18.04.2018 01:30 AM
Trading plan for the US session on April 17 GBP / USD

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

Opening new long positions in the pound is best after lowering to the intermediate support level of 1.4284. In the absence of a rapid upward trend in this range, buying is best put off by a rebound from the area of 1.4238. In the event of a return and a consolidation above the level of 1.4340 in the afternoon, it is advisable to look at long positions in order to update the high of 1.4402.

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

While trading is below the level of 1.4340, the pressure on the pound will be maintained and an unsuccessful attempt to consolidate on this range will be a good signal to increase short positions in the GBP / USD with a goal to reduce to the support level of 1.4284 and an update to 1.4238. In case of growth above the level of 1.4340 in the afternoon, selling the pound is best on a rebound from 1.4402.

This image is no longer relevant

Indicator description:

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback