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Today, the pair continues its upward movement, however, the monthly CZ of July is in the range of 20 points, which indicates the need for a complete closure of purchases during its test. Testing the zone will also allow considering sales since the probability of closing trades outside the middle course is 30%.
The work within the framework of the monthly average move will provide an opportunity to enter corrective sales since there is still a week and a half before the next control zones are formed.
An alternative model will be to continue to grow despite testing the monthly control zone. The probability of this event is 30%, therefore it is better to refuse purchases from current grades and higher. If a pattern for the sale of an instrument is not received, it is better to be out of the market for this instrument.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.
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