04 May 2021, GBP/USD
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.19026-1.19155. At the moment, the pair is trading higher, indicating the strength of buyers. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21137-1.21208. 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 03.05.2021.
• Quotation of the lower boundary of the zone 1/4-1.20571.
• Quotation of the lower boundary of the zone 1/2-1.21012.
• Intraday objectives: update the lows from 03.05.2021-1.20132.
• Medium-term objectives: test the higher bound of SWCZ - 1.19757.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.20571-1.21012, Take Profit 1-1.20132, Take Profit 2-1.19757.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone)