The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
A flat is formed on the EUR/USD pair. The lower border of the flat is at the level of 1.1579, while the upper one is at the level of 1.1619. It should be noted that moving beyond these marks will allow us to determine the further vector of the movement. Trading within the flat implies searching for purchases from the lower range and sales from the upper range.
It is also worth noting that this instrument has not updated the low formed on September 30 for the third day already, which indicates that a large number of limit orders have been placed to buy the instrument. And while the level of 1.1579 is being held, it can be assumed that there will be an increase to the Weekly Control Zone of 1.1651-1.1659. This pattern should be considered as the main one. It is necessary to fix profit while testing the WCZ.
Meanwhile, the transfer to breakeven can be made after updating the weekly high. It does not make sense yet to hold purchases in the mid-range since the growth is a correction to the September decline. The probability of continuing the decline after testing the indicated Weekly Control Zone increases significantly.
An alternative downward pattern will develop if today's trading closes below the level of 1.1579. This pattern will continue the downward impulse and will make it possible to look for sales in the mid-range.
It should be borne in mind that the risk in transactions should be strictly limited, and the size of the profit should exceed the risks at least three times.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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