basic fib analysis confluenced with some key levels from weekly charts
i will be entering at the 50% retracement level if we get the rally up i predict we will. the shorts could easily tested and have their stops take before we see a move down to the POC.
POC at 0.83755 is my target 1.
if we break 0833 low convincingly we can see shorts down to my next target.
Target 2 is the level of weekly support confluenced with the 50% retracement of the big swing at at a low volume area around 0.81628 which i would expect to see a rejection of.
i will be entering at the 50% retracement level if we get the rally up i predict we will. the shorts could easily tested and have their stops take before we see a move down to the POC.
POC at 0.83755 is my target 1.
if we break 0833 low convincingly we can see shorts down to my next target.
Target 2 is the level of weekly support confluenced with the 50% retracement of the big swing at at a low volume area around 0.81628 which i would expect to see a rejection of.
