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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Yesterday's closing of the daily candle on the GBP/USD pair occurred below the Weekly Control Zone of 1/2 1.3740-1.3723. There is a 75% probability of continuing the decline. Any growth should be used to find a pattern to sell the instrument.
It is necessary to utilize every method to be able to find a favorable selling price. This is the basis for building a trading plan. Apparently, the Weekly Control Zone 1/4 13734-1.3726 is a good resistance zone. Testing it will allow us to consider the selling patterns of GBP/USD. The downward target is the WCZ of 1.3568-1.3534. Sales will have a favorable risk-to-profit ratio.
The downward movement may continue earlier. In addition, the pound does not have to go into a deep correction. Therefore, the absorption pattern on the M30-H1 timeframe can be considered for selling at any point of growth.
*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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