(Based on the 5H Chart)
RESISTANCE @ 6.9500
TP4 @ 6.9339
TP3 @ 6.9144
TP2 @ 6.9017 (mid-pivot)
TP1 @ 6.8835
BSO @ 6.8649 β³
BLO @ 6.8535 β³
Although the BIG PICTURE trend appears to be a DT, PA seems to want to retrace to the upside up to about 6.9500 (resistance) before returning to the DT
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
DT = DOWNTREND
PA= PRICE ACTION
TP = TAKE PROFIT
RESISTANCE @ 6.9500
TP4 @ 6.9339
TP3 @ 6.9144
TP2 @ 6.9017 (mid-pivot)
TP1 @ 6.8835
BSO @ 6.8649 β³
BLO @ 6.8535 β³
Although the BIG PICTURE trend appears to be a DT, PA seems to want to retrace to the upside up to about 6.9500 (resistance) before returning to the DT
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
DT = DOWNTREND
PA= PRICE ACTION
TP = TAKE PROFIT
Professor C. E. Ward
