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Today, the test of the WCZ 1/2 1.1068-1.1061 took place, which makes it possible to determine the further priority. The formation of the false breakout pattern of Friday's high will make it possible to enter the sale. The downward movement will remain an impulse until the US session closes above the zone.
The model indicated above is a priority and will be active as long as the pair is trading below the WCZ 1/2. The first goal of the decline will be theNovember low.
An alternative model will be developed if the closure of today's US session occurs above the level of 1.1068. This will allow you to consider purchases, the purpose of which will be an increase to the weekly control zone 1.1147-1.1133. This model will make it possible to enter purchases with a favorable risk-to-profit ratio.
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.
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