That is how I see it. Price retested April opening range. Just as it did with yearly opening range (see my previous post).
Aswe noted earlier, Camarilla is very good tool for realistic targets. Fibonacci weekly pivot support S1 is an important level - watch it.
S5 is a maximum target for the week I would say.
In case of a bullish contrarian move (what I doubt, see my previous post) - weekly Fibonacci pivot resistance R1 is the top for it.
Weekly CPR is thin, so it will be rather volatile week.
Aswe noted earlier, Camarilla is very good tool for realistic targets. Fibonacci weekly pivot support S1 is an important level - watch it.
S5 is a maximum target for the week I would say.
In case of a bullish contrarian move (what I doubt, see my previous post) - weekly Fibonacci pivot resistance R1 is the top for it.
Weekly CPR is thin, so it will be rather volatile week.
Trade active
That pale yellow channel in the background is EURUSD historic 2000-2020 uptrend (20 yrs Gann cycle?) which we broke.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.