Update : How i view this pair short term !

1. Price opens moves higher runs stops at recent intermediate high and moves higher into green box.

Target 1 - Weekly fair market value 1.29971, Target 2 - Range low 1.22488
2. Price opens moves higher finds resistance at 1.30459 level and moves lower breaks below 1.28100 level. I see this as a break in Market structure. Wait until
price retraces back into 1.28100 for a short.

3. Price opens moves lower breaks below 1.28100. Wait for price to retrace back into this level for short.

Commentaire:

Correction Target 1 : Weekly fair market value - 1.24971

Commentaire:

PYO - Previous year open
PYBEQ - Previous year open to close Equilibrium
YO - Year open
WFMV - Weekly fair market value