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!
The upward movement of the GBP/USD pair is still a medium-term impulse. Last Friday, a favorable price was obtained to buy the instrument. Now, there is an 80% probability of updating the October high.
The above-mentioned facts indicate the need to hold the purchase of the instrument to the monthly extreme. When updating the high, partial fixation of purchases will be required. The rest must be converted to breakeven, in case a "false breakdown" pattern of the daily level is formed.
The pair is trading within the monthly zone of the average move, so when the October high is updated, the probability of a large supply will significantly increase. To date, sales are not profitable, so it is necessary to hold purchases and concentrate on finding favorable prices to open additional long positions if one is not a buyer.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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