_____WEEKLY____
Weekly - R3 = 1.7002
Weekly - R2 = 1.6869
Weekly - R1 = 1.6619
Weekly Pivot = 1.6486
Weekly - S1 = 1.6236
Weekly - S2 = 1.6103
Weekly - S3 = 1.5853
_____MONTHLY____
Monthly - R3 = 1.7747
Monthly - R2 = 1.7247
Monthly - R1 = 1.6976
Monthly Pivot = 1.6476
Monthly - S1 = 1.6205
Monthly - S2 = 1.5705
Monthly - S3 = 1.5434
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.
