Work in an upward direction is essential. For those who have already entered a long position after the test of NKZ 1/4 1.1324-1.1320, the basic plan is to keep purchases. The goal of growth is the weekly CP 1.1436-1.1418. If the purchases have not yet been opened, then it is necessary to look at the same NKZ 1/4 and in case there is a formation of the next false breakdown pattern to enter the purchase.
The most favorable prices for purchasing the instrument are located within the NKZ 1/2 1.1279-1.1269. If the decline continues to the specified zone, it will be possible to open a position with a very favorable risk-to-profit ratio. The probability of a formation of this model is not high, but the trading plan should take this possibility into consideration
The alternative model will be developed if there is a strong fall today, which will make it possible for the US session to close below the level of 1.1269. In this case, the purchase will go by the wayside, and sales at tomorrow's European session will be the key. The probability of formation of this model is 30%, which makes it auxiliary. Sales from current marks are an unprofitable solution.
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 material has been provided by InstaForex Company - www.instaforex.com