Today, a priority upward model has been implemented, as the pair tested the WCZ 1/2 target zone 1.3303-1.3294. Further growth will depend on whether the pair can gain a foothold above the specified zone. If the close of US trading occurs above the level of 1.3303, then the upward priority will remain in the second half of the week.
It is important to note that there is a zone of the average weekly move at the level of 1.3320. A test of this level and going beyond it requires you to close all purchases and begin to consider a pattern for selling.
The second model that needs to be considered will be developed after the pair reaches the value of the average weekly move. This will allow us to consider the false breakdown pattern for entering the correctional downward model.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
