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Today the pair is trading near the resistance zone of WCZ 1/4 1.2927-1.2918. If the test of this zone leads to an increase in supply and the false breakout pattern of yesterday's high is formed, then this will be an ideal place to sell the instrument. The first goal of the decline is last week's low, where the fate of the medium-term flat is determined.
Work in a downward direction from the upper boundary of the flat is a priority. This makes it possible to minimize possible losses and increase the ratio of profit to stop.
An alternative model will be developed if the WCZ 1/4 test leads to a consolidation above and the closure of today's US session above. In this case, the test of the upper boundary of the medium-term accumulation zone will come to the fore, where it is also necessary to consider the false breakout pattern.
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.
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