ryosan21

ryosan21

Lot of support at the end of D. Bigger time frame shows it is the 61.8. CD projection of 1.618 fits nicely as well.

ryosan21

The PRZ ranges between the 2 lines. I expect a reversal.

ryosan21 Updated 

Retrace is hitting 61.8 and close to 1.618 as well. It's a long shot because "B" didn't technically hit the 61.8.

ryosan21

Hitting the 61 and down.

ryosan21

Testing the MFIndex indicator. Let's see if it comes out to be true.

ryosan21

There's a lot going on but the support is there it can shoot up but I think resistance will bring it down.

ryosan21

Overall downtrend but not before testing. Grab a few pips along the way.

ryosan21

I think it's possible for it to reach the 1.07 mark and return

ryosan21

Ranging channel

ryosan21

I don't expect a breakout as the overall trend is down. The support @ 1.224 is strong and if does break then it would produce noise but eventually come make a comeback.

ryosan21

The SUPPORT is definitely there so safe to say it won't break. Anyone care to disagree on the breakout? The NFP reports will make an impact just don't which way. Please critique I'd like to hear others opinion on this.

ryosan21

Take a look everyone. First go at publishing my thoughts please feel free to critique. Although as I post this it's already on the uptrend.