Control zones for GBP/USD pair on 08/09/19

Continuing the fall of the pair is a higher priority, so you should pay attention to finding favorable prices for the sale of the instrument. Great prices are in the 1/2 WCZ of 1.2263-1.2247. However, this zone is located outside the daily average move, which makes its achievement unlikely this week.

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Working in the flat implies that there are inputs from the boundaries of the range and fixation at opposite extremes. In this case, any transition to momentum will be taken with a high degree of probability at the most favorable prices.

To implement an alternative model, the closing of trades in the area of a minimum of a week will be required. This will entail a further decrease in the pair without the formation of a deep correction model. Since the downward movement is a strong long-term impulse, this alignment will allow you to keep sales that were opened earlier and receive more significant profits.

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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.

The material has been provided by InstaForex Company - www.instaforex.com