Watch 1.10640 as a strong resistance zone and secondary resistance zone comes in at 1.10350 = Sell zone.
Previous AB - CD playing out point perfection
4 hour:
200 ma sits at 1.10350 (Sell zone)
1 hour:
Rising wedge on this corrective rally (waiting for breakout)
Wedge tip pointing to 1.10350
Tested 1.10043 (minor structure)
Corrective rally has 50% Fib retracement at 1.10096 acting as magnet and 38.2 % Fib at 1.10551 (in between Sell zone)
Hourly 200 ma sits at 1.1006 that could act as resistance
Targets:
1.08621 was previous support or buy zone (minor structure)
1.08171 was previous low
1.07000 AB - CD pattern
Short Invalidated IF:
Breaks above 1.1065
Breaks above 1.10991
Previous AB - CD playing out point perfection
4 hour:
200 ma sits at 1.10350 (Sell zone)
1 hour:
Rising wedge on this corrective rally (waiting for breakout)
Wedge tip pointing to 1.10350
Tested 1.10043 (minor structure)
Corrective rally has 50% Fib retracement at 1.10096 acting as magnet and 38.2 % Fib at 1.10551 (in between Sell zone)
Hourly 200 ma sits at 1.1006 that could act as resistance
Targets:
1.08621 was previous support or buy zone (minor structure)
1.08171 was previous low
1.07000 AB - CD pattern
Short Invalidated IF:
Breaks above 1.1065
Breaks above 1.10991