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16:08 Forex Signals - Intraday Strategy for GBP / USD 18/08/10 | |
Pair GBP / USD is traded on the hourly chart in the uptrend. The course is located above the moving average with period 55 on the hourly chart, the level of 1.5625, thereby increasing prices. I would recommend opening a long position after the breakdown on the basis of hours of resistance at 1.5687 to increase the resistance 1.5720 and if it is the breakdown on the basis of hours to 1.5755. Stoploss if this strategy can be positioned at the level of 1.5623. I recommend to open short positions after the breakdown on the basis of hours of support at 1.5541 to reduce the level of support at 1.5502 and if it is the breakdown of 1.5458. Stoploss if this strategy can be positioned at the level of 1.5605. 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. Analyst "Forex Analytics" Alex Sedyshev
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