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27.02.2018 03:09 AM
Trading plan for the US session on February 26 GBP/USD

GBP/USD

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

Buyers reached 1.4070, where the predicted stoppage of traffic occurred. A retest of this area can lead to a new wave of growth with a peak update in the region of 1.4129. In case the pound drops in the afternoon, you can count on long positions for a rebound after a test of the support at 1.4012.

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

While the trade is below 1.4070, sellers will win back this level, but a strong movement downwards from it has not yet happened as of the moment, which can lead to its retest and a breakdown. In this case, opening short positions would be best done for a rebound from 1.4129. In the event of a decline in the pound from the level of 1.4070, I recommend locking in the profit after a test of a large daily support of 1.4012.

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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
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