empty
 
 
09.04.2020 09:33 AM
Control zones of EUR/USD on April 9, 2020

If the test of the weekly control zone a entails the formation of the engulfing pattern today, buyers will hold the upper hand. The target level for the Bullish engulfing pattern is the weekly control zone of 1.0957-1.0940. This gives the opportunity to earn 80 pips more profit, so the stop loss size should not exceed 25 points.

This image is no longer relevant

When trading within an accumulation zone, it is obligatory to close the most of long positions as soon as the weekly control zone is reached. This will allow traders to avoid losing profits in a case a sharp trend reversal.

To cancel the Bullish engulfing pattern, the trading should close today below the weekly control zone a. In this case, traders will consider short positions of the currency pair with the downward target of a one-month low. The chance that the uptrend will be canceled is 25%. This will make short deals from the current levels unprofitable.

This image is no longer relevant

The daily control zone is a zone which is formed by important data from the futures market. Such data is updated a few times a year.

The weekly control zone is a zone which is also formed by important data from the futures market. This information is also updated a few times a year.

The monthly control zone is a zone which reflects average volatility over the last 12 months.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback