_____WEEKLY_____
Weekly - R3 = 1.1374
Weekly - R2 = 1.1175
Weekly - R1 = 1.1073
Weekly Pivot = 1.0874
Weekly - S1 = 1.0772
Weekly - S2 = 1.0573
Weekly - S3 = 1.0471
_____MONTHLY______
Monthly - R3 = 1.1895
Monthly - R2 = 1.1436
Monthly - R1 = 1.1203
Monthly Pivot = 1.0744
Monthly - S1 = 1.0511
Monthly - S2 = 1.0052
Monthly - S3 = 0.9819
REMEMBER ... THE WEEKLY PIVOT POINT S2 AND R2 LEVELS ARE VERY HARD TO BREAK.
Why? the majority of weeks, the market simply can not take much force as to extend outside the range of R2 and S2 weekly. However, traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.
Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.
