empty
 
 
14.10.2019 12:57 AM
Control zones USDCHF 10/14/19

At the beginning of last week, the WCZ 1/2 test 0.9904-0.9892 took place. This made it possible to enter the purchase. Holding a long position is the main trading plan at the beginning of the current week. The first growth target is the October high. Its test will take part of the position, and the rest of the transfer to breakeven.

This image is no longer relevant

Work in the upward direction has been going on for the third month, which indicates a long-term bull trend. The probability of a reversal of such an impulse in a short period of time is possible with a small probability, therefore it is more profitable to focus on updating monthly highs. The formation of a false breakdown pattern will be required to start a long-term bearish impulse, which will lead to an update of the monthly extremum.

An alternative model will be developed if the closure of one of the next US sessions occurs below the WCZ 1/2. This will indicate the need to exit a long position and find favorable prices for selling the instrument.

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