Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Control zones of EUR/USD pair 10/18/18

October 19, 2018 Analytics

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Yesterday the reversal pattern was formed. The American session closed below the a control zone.

It has been completed. This became possible after yesterday’s US session closed below the a control zone. Anyone today will be a correction for profitable valuable instruments for sale. Returning to yesterday’s support will be the first resistance to growth.

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The target zone is the weekly control zone. The lower limit of which is located at the level of 1.1428. Achievement of this zone will allow fixing a part of sales and transfer the rest to breakeven.

To cancel the descending pattern, it will be necessary to take over yesterday’s fall and close the American session above the level of 1.1550. This will give up a short position and consider purchases tomorrow. The best deals are sales, however, a small correctional growth is required to get better prices. The ratio of risk to profit from sales from current levels will be unprofitable.

The material has been provided by InstaForex Company – www.instaforex.com

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