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10:12 Forex Signals - Intraday Strategy for EUR / GBP 18/08/10 | |
| Pair EUR / GBP is traded on the hourly chart within the downtrend with a probability of an upward move. The course is located below the moving average with period 55 per hour chart (the level of 0.8244), thereby reducing their prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 0.8253 in order to increase the resistance level at 0.8276 in the case of breakdown up to an hour to 0.8298. Stoploss if this strategy can be positioned at the level of 0.8220. I recommend to open short positions after a breakdown on the basis of hours support at 0.8211 with a view to further reducing the support level at 0.8194 in the case of breakdown up to an hour to 0.8178. Stoploss if this strategy can be positioned at the level of 0.8240. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts. In the case of heavy traffic during the breakthrough technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown.
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