FX.co ★ Trading plan for the European session on April 12 GBP / USD

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

For long positions in the pound, it is best to count only after returning to the resistance level of 1.4185, above which the highs of this week open in the area of 1.4216 and 1.4255, where I recommend fixing the profits. In the case of a pound drop in the morning, purchases can be sought for a rebound from 1.4148, but a more interesting area for long positions is located at around 1.4115.

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

The formation of a false breakout at 1.4185 will be good signals for the opening of short positions in GBP / USD, whose main goal is to return to 1.4148 and 1.4115, where I recommend fixing the profits. In the case of growth above 1.4185, you can sell the pound on a rebound from a large resistance 1.4216-22, or even after updating the weekly high in the 1.4255 area.

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