17 October 2023, EUR/USD
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.0500-1.05400. At the moment, the pair is trading higher, indicating the weakness of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.05500-1.05600. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. • 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 13.10.2023.
• Quotation of the lower boundary of the zone 1/4-1.05442.
• Quotation of the lower boundary of the zone 1/2-1.05922.
• Intraday objectives: update the lows from 13.10.2023-1.04962.
• Medium-term objectives: test the higher bound of WCZ - 1.04492.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.05442-1.05922, Take Profit 1-1.04962, Take Profit 2-1.04492.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)