Medium-term impulse growth on the pair continues. There is no sign of the formation of a reversal pattern. For this reason, there is no possibility to search for sales. The pair is trading outside the monthly short-circuit, which increases the likelihood of supply and the formation of a correctional model.
When working this week, it is necessary to take into account that the pair has gone beyond the monthly short-circuit of January and the middle course zone has passed a week. The probability of formation of a correctional model increases significantly. This may provide an opportunity to sell the instrument after the reversal pattern has been formed. This will require session or daily absorption and the breakdown of one of the lower control zones.
Friday's growth was strong, so its absorption will indicate the appearance of a large seller and the installation of a limit resistance zone.
This will allow you to start working in the flat range.
Despite the fact that the pair has gone beyond the monthly CP, hurrying with sales of the tool is not recommended. You must patiently expect the formation of a reversal pattern. As long as the lower control zones remain supportive, the upward movement will continue. For such a strong upward impulse, it will take some time to complete it and go into the correctional phase.
Daily CZ - daily control zone. The area formed by important data from the futures market has been changing several times a year.
Weekly fault - weekly control zone. The area formed by important data from the futures market has been changing several times a year.
Monthly fault - monthly control zone. The zone is a reflection of the average volatility over the past year.
