16 May 2022, GBP/USD
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30999-1.31370. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.23319-1.23582. At the moment, the pair is trading lower, indicating the strength of sellers.
• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 13.05.2022.
• Quotation of the lower boundary of the zone 1/4-1.22294.
• Quotation of the lower boundary of the zone 1/2-1.23034.
• Intraday objectives: update the lows from 13.05.2022-1.21554.
• Medium-term objectives: test the higher bound of SWCZ - 1.20454.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.22294-1.23034, Take Profit 1-1.21554, Take Profit 2-1.20454.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)