04 February 2020, GBP/USD
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30558-1.30673 and 1.31245-1.31385. 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 1.29943-1.30060. 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 04.02.2020.
• Quotation of the lower boundary of the zone 1/4-1.30756.
• Quotation of the lower boundary of the zone 1/2-1.31716.
• Intraday objectives: update the lows from 04.02.2020-1.29796.
• Medium-term objectives: test the higher bound of WCZ-1.28265.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.30756-1.31716, Take Profit 1-1.29796, Take Profit 2-1.28265.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)