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!
Yesterday's reaction to the bank level of 1.1883 indicates that growth is being held by placing large limit orders. There is a high probability of a decline to the support zone formed from the level of 1.1769. This model is a priority at the end of this week and the beginning of next week.
This model will continue to form a medium-term accumulation zone. It is important to understand that sales must be recorded when testing the lower banking zone. This will help in avoiding missed opportunities.
If the test of the 1.1769 level leads to a large demand, then you will need to open purchases. The growth target will be a return to the level of 1.1883. This model is valid until next Wednesday which makes purchases profitable after a decline to 1.1769. Don't forget to fix your positions when you reach the support and resistance zones.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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