FX.co ★ Trading plan for the Asian session on December 28 EUR / USD and GBP / USD

EUR / USD

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

A break and consolidation above 1.1932 could lead to the formation of an upward trend with a yield of 1.1966, where it is recommended to fix profits. In case of a decline in the euro in the morning, long positions can be viewed from the support level 1.1902 or immediately to a rebound in the area of 1.1866.

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

The formation of a false breakout and the failure to consolidate above 1.1932 would be a good signal for the opening of short positions in EUR / USD with a possible decline to the level of 1.1902 and further access to a more significant range of support 1.1866, where it is recommended to fix profits. The main target of the major sellers will be the update 1.1966.

GBP / USD

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

Considering new long positions is best after the correction in the support area of 1.3422 with the main goal of an exit and fastening at the resistance 1.3443. This area is expected to continue the growth of the pound and test 1.3462. In case of a decline below the level of 1.3422, open long positions in the GBP / USD for a rebound of 1.3400.

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

A false breakout and a return at 1.3443 will be a good signal for the opening of short positions with a decline to 1.3422. The fastening under this area can completely return GBP / USD to the day-opening level area to support 1.3400, where I recommend fixing the profit. In case of growth above 1.3443, you can sell for a rebound from 1.3462.

Fears 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

To familiarize with the basic concepts and the general rules of my TS is possible here.

* The presented market analysis is informative and does not constitute a guide to the transaction.