


I see a continuation of the current downswing, and possible rebound around the 0.7450 level or if the support is broken then the bears will be in full force.
By useing the volume profile, you can identify areas of high trade activity and high volume at each price level. This will allow us to see areas that act like a "magnet" to pull price into these high frequency zones.
After successfully testing the 0.618 fib level, It now is testing the support of the 0.50 level and I would strongly suspect it to hold. I should stay within the channel hopefully hitting our target and not the stop-loss.
Good Risk/Reward IMO. If It bounces up then you better have a SL set lol because this could just be the middle of the uptrend.