Weekly open analysis

2021년 5월 29일

Presented is a 1 hr chart analysis for the start of the week.

Currently we are retesting our low support. With indicators showing choppy movement we will rely on price action to determine direction. A breach and full close out below .93000 can expect to retest .92500.

A high volume pivot off .93000 can signal a retest of .93600. Furthermore continuation above .93600 can signal a retest of .94000.

Enter trade after a full breach below support or confirmed pivot off support. Double zero number hold true during current direction in either way as I clearly presented on chart.

Please comment with thoughts and ideas. Thank you.