The movement of last week was of a downward character, which made it possible to implement a bearish medium-term model. The priority at the beginning of this week is the fall, which allows you to hold sales.
In the second half of last week, growth led to the NKZ 1/2 test 0.7270-0.7264, which made it possible to open a short position. As long as the trade continues to trade below this zone, sales can be held. in the second half of the week, As a result, sales can be held. The first goal of the downward movement is at least similar to last week. When testing this level, you can fix a portion of sales, and transfer the rest to break-even. The main purpose of the fall, in the case of consolidation below the low of last week, will be the NCB 1/2 0.7137-0.7130.
Holding the price above the low of last week will prompt the transition of the price to the accumulation phase. This phase involves working from the boundaries of the range and changing the medium-term trading plan.
To cancel the descending pattern, you will need to absorb the fall of Thursday and Friday and close the American session above the level of 0.7270. If this happens, then purchases will be in the foreground, the goal of which will be the weekly CP 0.7340-0.7328. Within this zone is a maximum of the last week, which indicates the significance of these marks. The probability of the implementation of the ascending model is 30%. This makes it auxiliary, and purchases from current grades are unprofitable.
Daily CZ – daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly fault – weekly control zone. The area formed by the important marks of the futures market, which change several times a year.
Monthly fault – monthly control zone. The zone, which is a reflection of the average volatility over the past year.
The material has been provided by InstaForex Company – www.instaforex.com
The movement of last week was of a downward character, which made it possible to implement a bearish medium-term model. The priority at the beginning of this week is the fall, which allows you to hold sales.
In the second half of last week, growth led to the NKZ 1/2 test 0.7270-0.7264, which made it possible to open a short position. As long as the trade continues to trade below this zone, sales can be held. in the second half of the week, As a result, sales can be held. The first goal of the downward movement is at least similar to last week. When testing this level, you can fix a portion of sales, and transfer the rest to break-even. The main purpose of the fall, in the case of consolidation below the low of last week, will be the NCB 1/2 0.7137-0.7130.
Holding the price above the low of last week will prompt the transition of the price to the accumulation phase. This phase involves working from the boundaries of the range and changing the medium-term trading plan.
To cancel the descending pattern, you will need to absorb the fall of Thursday and Friday and close the American session above the level of 0.7270. If this happens, then purchases will be in the foreground, the goal of which will be the weekly CP 0.7340-0.7328. Within this zone is a maximum of the last week, which indicates the significance of these marks. The probability of the implementation of the ascending model is 30%. This makes it auxiliary, and purchases from current grades are unprofitable.
Daily CZ – daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly fault – weekly control zone. The area formed by the important marks of the futures market, which change several times a year.
Monthly fault – monthly control zone. The zone, which is a reflection of the average volatility over the past year.
The material has been provided by InstaForex Company – www.instaforex.com
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