weekend charting , page-40

  1. 2,810 Posts.
    Hi Carmen

    I know the feeling of " I bought them a bit high ".

    Firstly, let's look for room to rally, since that's
    what is important.

    Good news.

    POS

    The weekly shows the rally to pink and the cloud.
    It now needs to use this resistance as support.
    Once above this area, the next resistance of note is
    either side of .80.

    Price is now in the cloud with the red line.



    Where is support?

    The hourly shows the action since the rally.
    Price is in a tight range showing strength.
    41 ema is about at the gap.
    With the consolidation the support is coming.

    If it was a forex chart I would be watching for short
    but not on yet. Any small rally and target is top of cloud.




 
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