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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Last week, another flat pattern was formed, which continued the medium-term phase. The implementation of the priority ascending pattern has been completed and the weekly CZ 1.3202 - 1.3154 has been tested. This allows us to view the decline as an opportunity to find favorable purchase prices. Today the pair continues to trade within the upward movement that took place on October 21. While the instrument is trading within the specified range, the probability of a retest of last week's high is 75%. This should be used when determining the priority direction of trade.
The most favorable purchase prices are within the WCZ 1/2 1.2936-1.2912. A decline to this zone will allow entering purchases with a favorable risk-reward ratio. The first target of growth remains the high of the last week, which is also the monthly extreme.
Working in a flat implies partial fixing of profits when the boundaries of the weekly movement are reached. Part of the position can be transferred to breakeven and left in case the upward movement continues. To break the bullish movement, today's trading will need to close below the WCZ 1/2.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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