Stay 
Trading Conditions
Products
Tools
When building a trading plan, it is necessary to take into account the fact that the pair has consolidated below the weekly Control Zone 1/2 1.2820-1.2801. This indicates a downward priority. In addition, testing the main resistance zones must be considered for the formation of the pattern of "absorption". This will enter the sale at a bargain price.
The above model will provide an opportunity to enter the direction of the weakening British pound. The first goal will be the minimum of last week.
In case of consolidation above the Weekly Control Zone 1/4 at today's American session, the formation of the medium-term accumulation zone will continue. The growth target will be Weekly Control Zone 1/2 1.2979-1.2960. A test of this zone will allow you to determine the following objectives. While the pair is trading below 1.2979, the downward movement remains a priority, and the probability of updating the November low is 75%.
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.
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.
