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!
The pair's sharp fall in the first half of September made it possible for a downward reversal pattern to appear. The pair ended last week below the monthly CZ of September. This indicates an increased likelihood of returning to the specified area. The target is 1.2865. The probability of testing this level is 75%.
Trading plans should consider that the pair is going beyond the average monthly move. Increased volatility may lead to changes in the margin requirements for futures. This, in turn, will increase the range of control zones. An important component in making the decision to buy is forming a false breakout pattern of last week's low.
This pattern is required in order to implement large limit orders that might be below the June high. It is important not to rush with buy positions until one of the days closes higher than the previous one.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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