12 March 2019, EUR/USD
Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13553-1.13665, 1.14430-1.14675. At the moment, the pair is trading lower, which indicates 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 1.12330-1.12416. At the moment, the pair is trading higher, indicating the weakness 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 07.03.2019. Quotation of the lower boundary of the zone 1/4-1.12222. Quotation of the lower boundary of the zone 1/2-1.12683. Intraday objectives: update the lows from 07.03.2019-1.11762. Medium-term objectives: test the higher bound of GWCZ -1.11443. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.12222-1.12683 in the formation of a reversal pattern.
Sell: 1.12222-1.12683, Take Profit 1-1.11762, Take Profit 2-1.11443.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)