empty
 
 
07.09.2018 02:34 PM
Trading plan for the European session of GBP / USD pair on September 7

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

While the trade is above 1.2921, demand for the pound will remain, which will lead to the renewal of the week's highs around 1.2968 and 1.3004, where fixing profits are recommended. In case of reduction of the pound in the first half of the day below the support level of 1.2921, traders can return purchasing the pair on the rebound from 1.2876.

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

Sellers need a return to support level of 1.2921. Only after that, it will be possible to count on the resumption of pressure on the pair with a view of reducing to the area of 1.2876, where fixing profits are recommended. In case of further growth, you can immediately return to GBP / USD sales on a false breakdown from resistance of 1.2968 or to a rebound from 1.3004.

This image is no longer relevant

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
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