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16:48 Forex Signals - Intraday Strategy for GBP / USD 22/09/10 | |
| Pair GBP / USD is traded on the hourly chart as part of a neutral trend. Rate is above the moving average with period 55 on the hourly chart, the level of 1.5606, thereby increasing prices. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.5691 in order to increase the resistance 1.5723 and in the event of breakdown up to an hour to 1.5750-55. Stoploss if this strategy can be positioned at the level of 1.5635. I recommend to open short positions after the breakdown on the basis of hours of support at 1.5579 to reduce the level of support at 1.5538 and if it is the breakdown of 1.5504. Stoploss if this strategy can be positioned at the level of 1.5630. Given that the moving average and the location of boundaries of technical figures over time is moving, should be on the hourly chart to adjust their status. I also recommend the open positions on the basis of hours in order to avoid false breakouts. If a strong movement in the breakout technology figures, I would recommend to wait for correction. The level, which was the resistance should be 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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