The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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The downward movement became a priority after yesterday's close of the US session below the WCZ 1/2 0.7325-0.7316. The growth of the pair should be considered as a correction as the fall was stopped at the zone of the weekly average move. Today, searching for a sell pattern is the main trading plan.
The first resistance will be the WCZ 1/4 0.7315-0.7311. A test of this zone will allow you to go on sale today. A deeper correction may be formed if the growth continues to the WCZ 1/2 0.7352-0.7343. This will allow you to get the most favorable prices for sale.
As the pair is trading in the zone of the weekly average move, the continuation of the fall from the current levels has a low probability. If the fall will progress and the weekly short-circuit 0.7235-0.7217 is tested, then you can enter corrective purchases after forming the "absorption" pattern on the TF not lower than M30.-
Daily Control Zone. An area formed by important data from the futures market that changes several times a year.
Weekly Control Zone. An area formed by important marks of the futures market that changes several times a year.
Monthly Control Zone. A zone that reflects the average volatility over the past year.
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