DislikedI had projected the range for this week in the AUD as 1.0153 to 1.0302 or 149 pts. As we got as low as 1.0113 I added 149 pts to get a new potential high of 1.0262 as a reasonable level to be short for the rest of the week or into next week. I would stop out above 1.0300 and have a profit target of1.01 for next week maybe. Trading the projected weekly ranges is not my main style however.Ignored
I like to use these are zones of interest. For example for this week when price is towards 1.0278 I will take any sell signals I get on an hourly basis.