Today's construction of the trading plan should be based on the fact that the closing of trading last week occurred below the average weekly move. This increases the likelihood of the formation of a correctional upward model to 90%.
The downward movement remains a medium-term impulse, so any growth should be considered as an opportunity to enter sales.
An alternative model will be the continuation of the fall from current levels without the formation of a correctional model. This will not allow you to enter the sales, since the probability of a return is above 90%. Corrective growth is required to enter a short position. The most favorable selling prices are within WCZ 1/2 1.1051-1.1043.
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.
The material has been provided by InstaForex Company - www.instaforex.com