WAIT FOR THE BUY WHICH WILL TAKE PLACE IN THE PURPLE BOX. IF THIS PAIR MAKES A STRONG PUSH UP THEN IT WILL PASS THE MOST RECENT HIGHS, AT THAT POINT WE CAN EXPECT PRICE TO MAKE IT PAST THE $2 MARK.
ON THE OTHER HAND, IF THE PRICE IS CHOPPY ON THE WAY UP WE CAN CONSIDER IT A RETRACEMENT AND CAN EXPECT PRICE MAKE LOWER LOWS ONCE PRICE IS DONE RETRACING.
The Dollar index seems to be making it last drive down. It has made 2 drives so far. after the last one is made we will see a strong swing to the upside.
ENTRY - 87.04
SL - 84.50
TP - 92.45
TP - 96.64
Red Dotted lines are temporary S&R levels
Orange lines are more well respected S&R levels