Technical analysis by AMEGA - Opinion
The bear market is continuing. The price has already reached the target zone №1 1.13125-1.12941 but it hasn’t been fixed below the zone and now it’s near the control resistance zone 1.14051-1.13959. Until the price was fixed above this zone, we can consider only short positions. The best prices to try to have a short position are the control resistance zone. In case of the price is fixed upper the control resistance zonethe medium-term trend will be changed to the bull market and all short positions should be closed.
It’s recommended to try to have a short position near the control resistance zone 1.14051-1.13959 (100 points from current minimum) with using the pattern «Head&Shoulders»at least on timeframe M15.
The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.
All zones are constructed on the basis of data from the CME futures market.
Internal border – Maintenance margin size in points
External border – Initial margin in points
Control resistance zone – the half from the target zone
Resistance zone – the quarter of the target zone
All financial markets on one platform. Buy and sell in one click
100% deposit bonuses, competitions with real prizes
Unlimited profits. Complete transparency. Flexible offers. Security
Free deposits / withdrawals
Over 200 payment systems. Account currency of your choice
ECN trading accounts. Deposit from 0 USD. Flexible leverage
Services you can trust
Best prices from the world banks. Client's funds on separate accounts
It’s recommended to try to have a short position near the control resistance zone 1.32144-1.31952 (211 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.