The decrease in the current week allowed the pair to break through the average move. Moreover, today’s movement is near the middle course zone, which indicates the need to fix part of the short position and transfer the rest to breakeven. Purchases is not yet profitable, since the implementation of the priority model has not occurred.
For repeated sales, it is required to have better prices. Growth to a minimum of last week will provide such an opportunity.
An alternative model will be developed if, a sharp increase in demand occurs during the test of the zone of the average weekly course. Thus, this will also allow the pair to form a local accumulation zone. The probability of the continuation of the downward movement will still be above 70%, which will allow us to go on sale at a better price in the future.
Daily CZ – daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ – weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ – monthly control zone. The zone that reflects the average volatility over the past year.
The material has been provided by InstaForex Company – www.instaforex.com