1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart )
2. Use round number expectation for strong support (@ 1.4000)
3. Use previous range bound between RED arrow and GREEN arrow.
Setup Configuration ::
This number come from strong physiological price number, Fibonacci support and previous daily spike
This number come from pike above 1.400 with a few extra pip as point out in chart.
This number come from previous bigger range. (will follow up on monthly chart)
This number is expecting when Fibonacci of 50% (@1.4000) is hold and revert to up side.