After having achieved an aggressive bull target at MR2 last month, price opened at MM3 1(.499) at the beginning of the month. Though the market is bullish, with an overbought stochastic I am expecting price to retrace down to 1.4300 to retest at the role reversal. Should price break that support level, the next key level of support is seen at MS1.

Price opened at WM3 at the beginning of the month, which also coincided with MM3. Price broke through the 21 moving average signalling that the bullish momentum is now slowing down. With price currently at support, I will be looking for selling opportunities at the neckline of the double top formed.

Price opened at a bull area zone (DPP-DM2). With the stochastic coming off an oversold are, for a much conservative entry I would like to see price retrace up between DM3 and DPP area, which also lies within the fib zone, to make a lower high for an entry. Keep in mind that there are some bears who would definitely sell off the 21 moving average.