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 probability of the test of last week's high is 70%. This allows you to build a trading plan for the purchase of an instrument. The best prices for opening a long position are located within the NKZ 1/2 1.3228-1.3217. The achievement of this zone will be decisive for the entire upward impulse. The main goal of growth remains the NKZ 1/2 1.3399-1.3388, formed from a broken weekly short circuit.
Holding on purchases made last week or the week before last is a profitable solution, but a transfer to breakeven is required in case a violation of an upward impulse occurs.
An alternative model will be developed if today's closure of the US session happens below level 1.3217. This will indicate the emergence of interest in sales of the instrument, and the first goal of a decline will be the weekly CP 1.3127-1.3217. This model is auxiliary and the probability of its development does not exceed 30%.
Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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