12 Februari 2019, GBP/USD
Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located at the quote 1.28751. At the moment, the pair is trading higher, indicating the strength of buyers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quotations 1.29589 and 1.30885. At the moment, the pair is trading lower, which indicates the strength of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 11.02.2019. Quotation of the lower boundary of the zone 1/4-1.29407. Quotation of the lower boundary of the zone 1/2-1.30363. Intraday objectives: update the lows from 11.02.2019-1.28439. Medium-term objectives: test the higher bound of GWCZ -1.26423. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 1.29407-1.30363 in the formation of a reversal pattern.
Sell: 1.29407-1.30363, Take Profit 1-1.28439, Take Profit 2-1.26423.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)