Simple's Green Room

[pennies2007]

Short term is 1.47 to 1.473 from what I can see, ST. That would be the bottom edge of the outer wedge on the daily chart. That also coincides with the EMA40 it's been bouncing off of on the daily. Worse case is 1.464 at the S3 but I think between the EMA62 and the EMA40, it'll bounce. Maybe another 100 pips downside tops as a guess but more likely no lower than 1.47.


Right now I'm really just playing the fib retrace levels along with the pivots. Sell off during the day and the buyers come back in at night to regain about half of the sell-off candle. Then it drops again.