Stay 
Trading Conditions
Products
Tools
The pair is trading within the average monthly rate. This determines the opportunities for work only in the direction of the growth rate. Within the lower monthly CZ, selling should be canceled, since the probability of closing the trade in May within the range is 70%. The search for a pattern for buying should be based on the breakdown of the weekly low or on the formation of a daily absorption.
It is important to note that the May fall is a medium-term impulse, so any growth to certain levels will be a correction. This suggests the need for partial or complete consolidation of purchases when reaching one of the control zones, which acts as resistance.
An alternative model has a probability below 30% and implies a continuation of the pair's fall. Work in this direction will not bring profit at a distance, since the probability of the appearance of large buyers increases significantly.
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 zone formed by 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.
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.
