The Downward movement remains a priority. It is important to note that the implementation of the recurrent model occurred, which was aimed at the level of 1.0110. The next target of the downward movement will be the weekly control zone of 1.0024-1.0004. Achieving this goal will allow you to record sales by 100% since it coincides with the range of the average course of the week.
For those who want to open sales, you will need to wait for a corrective growth. In this case, it will be possible to sell for the purpose of testing the above zone.
An alternative model will be implemented if yesterday's fall is completely absorbed by today's growth. The probability of the formation of this model is 30%, which makes it auxiliary. The search for favorable prices for the purchase must be made within a weekly control zone 1.0024-1.0004.
Daily CZ - daily control zone. The area formed by important data from the futures market that change several times a year.
Weekly CZ - weekly control zone. The area formed by marks from important futures market which change 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