06 Agosto 2019, EUR/USD
Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12272-1.12368. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.10792-1.10981. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 06.08.2019. Quotation of the higher boundary of the zone 1/4-1.12094. Quotation of the higher boundary of the zone 1/2-1.11690. Intraday objectives: update the lows from 06.08.2019-1.12489. Medium-term objectives: test the lower bound of GWCZ - 1.12663. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1.11690-1.12094 in the formation of a reversal pattern.
Buy: 1.11690-1.12094, Take Profit 1-1.12489, Take Profit 2-1.12663.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)