Four hour chart, median line channel is projected at 1.0635
See support/resistance wicks on weekly chart. Sorry if this is too simple, but usu. simple beat complex as far as making money! Target is 81 which would take it thru the 80 strike
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$EURUSD Potential market structure low at a Wave 5 and at the bottom of a median line channel
Looking for a mild bounce, might be good for selling calls, or a bull put spread
Overshot the median line, so looking for another slight overshoot to the other side
Potential bounce of 5% in 17 days up to the median line, also a fib retrace area
Fib level retrace to the 3/8 level + Median line (of pitchfork) magnet. Not much of a move unless supercharged w/ options.
After chopping around there was some possible resolution to the upside