Priority upward movement sets the direction of trade. The probability of a weekly control zone test 1.3326-1.3308 is 70%. The main support is WCZ 1/2 1.3196-1.3188. A test of this zone will allow you to get the best prices for the purchase. Finding the "false breakdown" pattern of the Friday low is the main plan for today.
Buying from current levels is also profitable, since the probability of closing the price gap is quite high, and a local low has already been formed.
An alternative model will be the decline, which will be developed in the event that the closure of today's trading occurs below the WCZ 1/2. This will cancel the upward model and force a change in the direction of tomorrow's trade. The probability of implementing this model is 30%, which makes it an auxiliary.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - 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