FX.co ★ Trading plan for the European session on April 11 GBP / USD

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

While the trade is above the level of 1.4178, the demand for the pound will remain, which will lead to the renewal of the resistance levels of 1.4207 and 1.4239, where I recommend fixing the profits. In the first half of the day, if the pound is returned to the support level of 1.4178, it is best to return to long positions on a false breakout from 1.4148 or on a rebound from 1.4121.

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

The formation of a false breakout at 1.4207 or a return to the support level of 1.4178 will be good signals for the opening of short positions in GBP / USD, whose main goal is to return to 1.4148 and 1.4121, where I recommend fixing the profits. In the case of growth above the level of 1.4207, the pound can be sold for a rebound from the large resistance of 1.4239-45.

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