How we can see on the chart the price effected smashing up last tops and go up towards the strong supply confluence at 1.6700/35. It is zone in which participants of the market should activate sell orders. We should pay attention in what way the price will be coming up to FTR. We should focus on searching the weakness of price after testing FTR..
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virgoinvest.pl
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These zones were established according to Action Price (PA) and are being supported by indicators i.e. CCI, MACD and Fibo. At present PA is a strategy widely applied for establish strong support/resistance zones. Hope I help.
guidoisot
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thanks,
how did you determine size and location of the two zones?