TECHNICAL ANALYSIS BY AMEGA
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Technical analysis by AMEGA - Opinion

Review EUR/USD
24-12-2018, 06:55:59
Review date
test

Medium-term trend: Bearish

After the price is fixed below the control resistance zone №1 1.13936-1.13844 the medium-term trend has changed to the bear market with the aim to the target zone 1.13016-1.12832. The probability of reaching the target zone is about 70%. Any price growth is considered like corrective.  The best prices to try to have a short position are the control resistance zone №2 1.14571-1.14479. In case of the price is fixed upper the control resistance zone №2 the medium-term trend will be changed to the bull market and all short positions should be closed.

Trading recommendation:

It’s recommended to try to have a short position near the resistance zone 1.14065-1.14019 (50 points from current minimum) and the control resistance zone №2 1.14571-1.14479 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on M15.

The control resistance zone №2 and resistance zone are constructed from the current minimum. If this minimum changes by n points the zones 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.

Target zone:

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

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EXCLUSIVE ANALYTICS
22-03-2019, 07:42:55
Review GBP/USD

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.

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