Stay 
Trading Conditions
Products
Tools
For the third week, the pair is trading within the medium-term accumulation zone. This allows you to fix the profit at the boundaries of the zone and consider the patterns in the direction of priority. More likely is the continued growth of the pair.
Yesterday, there was another test of weekly short-term fault of 0.8890-0.8873. The closing of the trades occurred within the zone, which indicates an equivalent probability of continued growth and the resumption of a decline. Tracking this point will allow the level of closing today's trading. To continue growing, you will need to close within a week's short or short. This will provide an opportunity to re-examine intraday sales, the goal of which will be the NCP 1/2 0.8826-0.8818, formed from yesterday's high.
The above model will provide an opportunity for sales and will allow you to obtain a favorable risk-to-profit ratio. Yesterday's movement was impulsive, so the likelihood of continued growth has increased.
To continue the upward movement will require the closure of today's US session above yesterday's close of trading. This will keep part of the purchases opened after the test of the previous NCP 1/2 0.8802-0.8794, which occurred in early July. Since the upward priority was not violated, the continuation of growth will have the objective of NCP 1/2 0.8986-0.8978. This fact is to make purchases at any decrease profitable, since the risk-to-profit ratio will be more than 1 to 3. The most favorable purchase prices are located within the limits of the NCP 1/2 0.8826-0.8818.
The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.
The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.
The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
