01 Agosto 2019, GBP/USD
Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24631-1.24844. 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 1.21553-1.21812. 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 01.08.2019. Quotation of the lower boundary of the zone 1/4-1.21846. Quotation of the lower boundary of the zone 1/2-1.22690. Intraday objectives: update the lows from 01.08.2019-1.20984. Medium-term objectives: test the higher bound of GWCZ-1.19445. Trading recommendations: sells from the range of favorable prices 1.21846-1.22690 in the formation of a reversal pattern.
Sell: 1.21846-1.22690, Take Profit 1-1.20984, Take Profit 2-1.19445.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)