The opening of today's European trading may occur below the close of yesterday's session. This will indicate a high probability of continued downward movement. Keeping a sale open yesterday is the main trading plan. Repeated sales are possible after testing yesterday's low of the European session.
When working in a downward direction, it is necessary to take into account that the last decline was impulsive, which will make it possible to maintain a short position in the medium term.
An alternative growth model has a probability of realization below 30%, which makes it auxiliary. Purchases from current marks are not profitable. Cancellation of the downward model will occur if the closing of today's trading occurs above the WCZ 1/2. This will make it possible to consider purchasing the instrument at the beginning of next week.
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 zone formed by important marks of the futures market, which changes 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