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The upward movement of the pair remains a medium-term momentum. To break it, you will need to form a pattern of "absorption" not lower than the daily level. Yesterday's fall created the conditions for today's change of dynamics, however, there was no violation of the momentum.
Working in impulse movements is usually accompanied by repeated updates of local extremes before the reversal model is formed. For this reason, you should not rush to sell the tool.
An alternative upward model will be developed if the test of yesterday's low leads to a sharp increase in demand and the formation of the "absorption" pattern. This will allow you to enter the purchase. The first growth target will be the maximum of the current week.
DCZ - daily control zone. A zone formed by important data from the future market that changes several times a year.
WCZ - weekly control zone. The zone formed by important marks of the future market, which change several times a year.
MCZ - monthly control zone. A zone that reflects the average volatility over the past year.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
