The proximity of the target weekly control zone indicates the probability of formation of corrective or reversal patterns. A test of the 1.3381-1.3333 range will indicate a further priority at the end of November. If the reaction is the formation of the absorption pattern, then sales will come to the forefront tomorrow.


Do not forget that to break the medium-term momentum, you will need to form an absorption pattern at a level no lower than D1. Without such a model, you should not expect a long drop.

The priority remains growth and consolidation above the weekly short-term limit. In order to continue to hold some of the purchases, you will need to close today’s trading within the control zone or above it. This will allow you to enter a long position again in the future, although at less favorable prices.


The material has been provided by InstaForex Company –

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