empty
 
 
19.11.2018 10:07 AM
GBP / USD: plan for the European session on November 19. The pound rose after a new minister was appointed for Brexit

To open long positions on GBP / USD you need:

Volatility gradually stabilizes and buyers return to the market. The news that Steven Barkley will become the new Brexit minister in the UK has also strengthened the position of buyers. At the moment, the main task is to break through the upper boundary of the channel in the 1.2877 area, which will lead to the formation of a new upward wave with access to the highs in the 1.2962 and 1.3040 areas, where I recommend taking profits. In the case of a decrease in the pound, support will be at the level of 1.2780. However, it is possible to rebound immediately from the low of 1.2725.

To open short positions on GBP / USD you need:

An unsuccessful consolidation above resistance 1.2877 will be a signal to open short positions in order to reduce to the area of first support 1.2780. The breakdown of which will lead to a larger sale of GBP / USD with a test of 1.2725 minimum, where I recommend to take profits. In the case of positive news on Brexit, a break of 1.2877 will lead to an increase in the pound. In such a scenario, it is best to open short positions to rebound from the highs of 1.2962 and 1.3039.

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-day moving averages, which indicates the formation of the lateral nature of the market.

Bollinger bands

The Bollinger Bands indicator indicates a decrease in volatility and does not give signals on market entry.

This image is no longer relevant

Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback