So lets focus on immediate price area of of 1.875 and 1.85
We continue to be withing the 1 standard deviation price zone after price has attempted to break into the grey area above representing 13.8% of price action we will see this quarter. Price has bounced from our volatility box seemingly confirming lower prices ahead with the drop off that was witnessed last week.
This week to stay below the April 2nd high we would need to see a quick drop in prices up to 116 pips to continue this downward trend. Any movement above the high can be treated as an over extension and an area where traders on a smaller time frame will look for an out
when placing a trade lets aim for an increased risk level within the volatility box and aim for the lower black line. This will continue the lower highs candle pattern the chart seems to be moving in
We continue to be withing the 1 standard deviation price zone after price has attempted to break into the grey area above representing 13.8% of price action we will see this quarter. Price has bounced from our volatility box seemingly confirming lower prices ahead with the drop off that was witnessed last week.
This week to stay below the April 2nd high we would need to see a quick drop in prices up to 116 pips to continue this downward trend. Any movement above the high can be treated as an over extension and an area where traders on a smaller time frame will look for an out
when placing a trade lets aim for an increased risk level within the volatility box and aim for the lower black line. This will continue the lower highs candle pattern the chart seems to be moving in