Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The commencement of today's trading in the European session will be the basis for creating a trading plan for the week. The GBP/USD pair is currently trading above the WCZ 1/2 1.2938-1.2914, making it possible to hold purchases that were opened last week. A new opening of long positions will be possible after today's closing occurs above the maximum of last week. This will make the growth model promising in the medium term. The target of the upward movement will be the weekly control zone 1.3202-1.3154. The probability of reaching this zone will increase to 75%.
The formation of an accumulation zone has been very evident over the past three weeks. An exit and consolidation above this area will indicate the direction for the entire current month, so purchases opened last week may become medium-term. They must be moved to breakeven and leave a part, in case of a growth to the September maximum. This will allow us to take up to 500 points of profit and compensate for the fall of the previous month.
In order for the flat formation to resume, it will be necessary to hold the maximum of the previous week and form the engulfing pattern during its retest. This will indicate the need to search for favorable sales prices. Continuing to work in the flat requires you to look for sales from the upper border with fixing transactions at the lower border. This model has not lost its relevance yet. However, its probability is below 50%, which requires confirmation.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
