Yesterday, the determining zone of resistance of the WCZ 1/2 1.3490-1.3479 was tested, which stopped the growth of the pair again. In order to sell an instrument, you need a “false breakout” pattern. The first goal of the decline can be considered in the range of the average daily rate from today’s maximum. This will partially fix the sales.
Working in the flat implies a partial taking of profit for the immediate targets and a withdrawal of the rest of the position to breakeven in case the pair starts to form a pulse movement.
The alternative model will be developed if the closure of today’s US session happens above the level of 1.3490. This will indicate a change in medium-term priority to an upward one. The impulse is likely to be strong because the accumulation has been going on for a long time.
Daily CZ – daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ – weekly control zone. The area formed by the important marks of the futures market, which change several times a year.
Monthly CZ – 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
Yesterday, the determining zone of resistance of the WCZ 1/2 1.3490-1.3479 was tested, which stopped the growth of the pair again. In order to sell an instrument, you need a “false breakout” pattern. The first goal of the decline can be considered in the range of the average daily rate from today’s maximum. This will partially fix the sales.
Working in the flat implies a partial taking of profit for the immediate targets and a withdrawal of the rest of the position to breakeven in case the pair starts to form a pulse movement.
The alternative model will be developed if the closure of today’s US session happens above the level of 1.3490. This will indicate a change in medium-term priority to an upward one. The impulse is likely to be strong because the accumulation has been going on for a long time.
Daily CZ – daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ – weekly control zone. The area formed by the important marks of the futures market, which change several times a year.
Monthly CZ – 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
Related Posts: