Week open: 89.47
Week high: 90.18
Week low: 88.94
Week close: 89.97
Price opens at 89.47 moves lower raids the previous week lows( Green box) and quickly moves higher and finds resistance at the weekly open 89.47 and moves lower quickly (inefficient) 2 legs down. The price pauses and moves quickly one more time and finds support at 88.94 level. Notice the parabolic move higher on the 27th breaking above the weekly open 89.47( a 67 pip move ). Price gradually moves lower 39 pips and again a quick move higher of 62 pips breaking above the weekly open and filling the previous week gap( green square box). Price pauses and takes off higher another 42 pips and price goes into consolidation.
Week high: 90.18
Week low: 88.94
Week close: 89.97
Price opens at 89.47 moves lower raids the previous week lows( Green box) and quickly moves higher and finds resistance at the weekly open 89.47 and moves lower quickly (inefficient) 2 legs down. The price pauses and moves quickly one more time and finds support at 88.94 level. Notice the parabolic move higher on the 27th breaking above the weekly open 89.47( a 67 pip move ). Price gradually moves lower 39 pips and again a quick move higher of 62 pips breaking above the weekly open and filling the previous week gap( green square box). Price pauses and takes off higher another 42 pips and price goes into consolidation.
