FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders, A bonus dollar trading account. One of the positions in the "Account History" was closed by TP. EURUSD is at the reversal level boundary of 7/8 (1.14746). There are no significant changes on the chart. The following trading events are considered as basic and priority decisions in terms of perspectives: an upward movement of the currency pair towards the lower boundary of the overbought area, level = + 1/8, updating the asset's local short-term maximum - ZZ of a small period and the value of the upper control point of 228.6 points, reaching the main level boundary of 8/8 (1.17188), breaking it from bottom to top, and the price consolidating above the specified boundary. The nearest target of the upward movement is the auxiliary level boundary, which is within the reversal level boundary of 7/8 (1.14746). The scheme adopted as a guide for execution in the short-term/medium-term perspective looks as follows.