GBP / USD pair on the hourly chart is trading within the uptrend. The course is located above the moving average with period 55 on the hourly chart , the level of 1.6074 , thereby increasing prices. The signal for the opening of the long position will sample the results of hours of resistance at 1.6215 in order to increase the resistance level at 1.6250 and in case of breakdown up to an hour to 1.6281 . Stoploss for this strategy can be placed at 1.6160 . The signal for the opening short position will sample the results of hours of support at 1.6164 to decline to the support at 1.6126 in case of breakdown up to an hour 1.6089 . Stoploss for this strategy can be placed at 1.6235 .
We bring to your attention another interesting strategy at the Fibonacci levels. This forex trading strategy - a multicurrency system trend , work is being done on the time-frame H4, additional forex indicators - two moving averages , the indicator RSI, and the main tool - Fibonacci ( levels Fibonacci). Many professional forex traders , including the well-known trader Alexis Sedysheva say that "the Fibonacci sequence - is the single most accurate indicator that shows the pre-point of a trend reversal on Forex. Therefore, we are famous Fibonacci tool in forex and financial markets at all - it's actually one of the best tools that can predict a trend reversal point ( or temporary rebound )
Computer simulation has formed forecast of further movement of the pair EUR / USD and the current situation is most likely a short-term increase in the euro. Short term, I recommend buying the euro market or from support at 1.3660 and double longs at 1.3619 in order to increase the area of 1.3714-1.3744, stop by this strategy can be set at the level of 1.3560. In the case of a profit of 30 points or more fix 50% of the positions, and the rest is put into the black. If the outlook for the pair EUR / USD matches your opinion, feel free to use this strategy.