FX.co ★ Trading plan for the European session on April 9 GBP / USD

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

While the trade is above the support level of 1.4090, we can count on maintaining demand for the British pound, whose main goal will be to update to the resistance level of 1.4139 with an exit at 1.4177, where it is recommended to lock in profits. In the event of a return to the support level of 1.4090 in the morning, opening long positions in GBP / USD is best immediately on a rebound from 1.4055.

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

It's best to look at short positions after the GBP / USD pair falls below the support level of 1.4090, where the areas of 1.4055 and 1.4004 are open. This is where it's recommended to lock in profits. In case of further growth of the pound,selling is best after the resistance test at 1.4139 or on a rebound from 1.4177.

Indicator description

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20