Market is currently at a strong monthly support of 1.3. This area is also a weekly 61.8% fib level. Market is ranging between daily zone 1.34 and monthly zone 1.3. Market has rejected the 1.3 zone and found support at the 4 hr zones (lower orange zone), which is also a 50% fib level on the 4hr chart. These are bullish indications. Confirmations:
Trade 1(trade from lower 4hr zone): Formation of a 1hr lower low, with candlestick confirmation such as shooting star , bullish engulfing etc.
Trade 2 (trade from upper 4hr zone): Upon break of upper 4hr zone look for bullish marabozu, bullishn engulfing etc. Trade:
Trade 1: Trade at close of 1hr candle confirming formation of a lower low
Trade 2: Trade at close of 1hr candle that closes past the zone.



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