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Currency Futures

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  #2438 (permalink)

Legendary market donator
Indianoplace, IN
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: Currencies
Rrrracer's Avatar
Posts: 1,914 since Feb 2017
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Price came back to test the weekly pivot/weekly average price and bounced... 1st target, cam R3, hit.

A couple of smaller projections and targets have presented themselves... price pulled back just before the resistance area indicated, a good possibility that the higher ones could be hit... the pullback is kind of like getting a running start LOL. I think in Wyckoff terminology, this might be called "jumping the creek"?

Quarterly cam pivot 1 is a bit higher, and the monthly average is above that. Let's see what price action unfolds.

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