empty
 
 
22.07.2019 07:15 AM
Control zones for GBPUSD on 07/22/19

Friday's test of the WCZ 1/2 1.2565-1.2549 gave the opportunity to go on sale. The pair is trading within the local accumulation zone, so the main goal of the fall is the minimum of the previous week. It is necessary to be careful when testing the WCZ 1/4 1.2473-1.2465, as there is a possibility of resuming growth, which will lead to a re-test of the WCZ 1/2.

This image is no longer relevant

Purchases will require the formation of a pattern of "false breakout" of the Friday's minimum. If this happens, you need to close the sale and enter a long position. Estimated profit 90pp.

In order to continue to fall in GBPUSD, a breakdown with consolidation below the level of 1.2465 in the American session is required. This will keep sales to last week's minimum. This model is advantageous, and since there was no violation of the downward medium-term momentum, the probability of updating the monthly minimum is 70%.

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