empty
 
 
15.04.2019 08:29 AM
Control zones AUDUSD 04/15/19

The trading plan for the current week should take into account the fact that the pair tested the WCZ 0.7202-0.7189 medium-term target zone, which led to a halt in growth. The formation of a reversal pattern through the breakdown of one of the junior control zones will allow you to search for sales, the goal of which will be at least last week.

This image is no longer relevant

The screenshot shows how the pair is trading within the accumulation zone, which is determined by a major player. To work within the range, you need to look for patterns at the boundaries of the zone.

An alternative model will be developed if the pair can consolidate above the level of 0.7202 in today's US session. This will allow us to talk about continued growth and will make it possible to buy the instrument again at any decrease. Today's decisive support is the WCZ 1/2 0.7126-0.7119. Until this zone is broken, working upward from the low of last week is the best strategy.

This image is no longer relevant

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.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback