08 March 2019, USD/JPY
Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.023-111.267. At the moment, the pair is trading higher, indicating the strength of buyers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 111.792-111.898. At the moment, the pair is trading lower, indicating the weakness of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 05.03.2019. Quotation of the higher boundary of the zone 1/4-111.621. Quotation of the higher boundary of the zone 1/2–111.175. Intraday objectives: update the lows from 05.03.2019–112.137. Medium-term objectives: test the lower bound of GWCZ –112.899. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from a range of favorable prices 111.230-111.683 in the formation of a reversal pattern.
Buy: 111.230-111.683, Take Profit 1-112.137, Take Profit 2-112.899.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)