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18.01.2018 03:30 PM
The trading plan for the US session on January 18 is EUR / USD and GBP / USD

EUR / USD

To open long positions for EUR/USD, the following is required:

The morning scenario of buyers is being processed. While the trade is above 1.2225, you can count on the continued growth of the euro to the upper boundary of the downward channel and to the resistance of 1.2282, where I recommend fixing profits. In the case of a return of the euro at 1.2225 in the afternoon, consider new purchases best for a rebound from 1.2177, or after an update of 1.2127.

To open short positions for EUR/USD, it is required:

I recommend short positions for the euro after updating the upper boundary of the downward channel, or in the resistance area 1.2282. The return to the level of 1.2225 will be an additional signal for the increase of short positions in EUR/USD with the aim of re-testing 1.2177 and further exit at 1.2127, where I recommend fixing profits.

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GBP / USD

To open long positions in GBP / USD, the following is required:

The buyers broke above 1.3847 and are now trying to gain a foothold at 1.3885, which today may be decisive, as its breakdown will keep the GBP / USD rising trend, which will lead to the update of weekly highs in the area of 1.3935 and the exit at 1.3970. In the case of a decline below 1.3847, it is possible to open new long positions for a rebound from 1.3803.

To open short positions for GBP / USD, the following is required:

A false breakout with a return at 1.3885 will be the first signal to open short positions on the pound with the first goal of reducing to an intermediate support level of 1.3847. Only after that, it is possible to increase sales in GBP / USD already with the main goal of a return to 1.3803 and an update of 1.3758. In the case of growth above 1.3885, you can sell the pound for a rebound of 1.3970.

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Indicators

MA (average sliding) 50 days - yellow

MA (middle sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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