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!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
On Thursday, the pair tested the weekly control zone 0.6936-0.6924, which led to a halt in growth. The defining support is the Weekly Control Zone 1/2 0.6871-0.6865. As long as the pair is trading above the specified zone, the bullish movement will remain an impulse. On the other hand, purchasing with the WCZ 1/2 test is profitable, since the probability of updating the November maximum is 75%.
Work between the two control zones will allow to form a flat range. This will provide an opportunity to work from weekly extremes.
An alternative model will be developed if the closure of one of the next American sessions occurs below the Weekly Control Zone 1/2. This will indicate the completion of the upward impulse phase and will allow you to search for sales after the formation of the correctional model. Thus, the probability of implementing this model is 25%.
Daily CZ - daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone that reflects 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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