The “Dollars Down Under” are showing a rare Almost Super Pivot Stack pivot setup.
What this means is the new Monthly Pivot Range is out and overlayed on top of the other pivot ranges.
This type of setup is a high probability setup, in this case, to go short.
All the resistance is here to be confident of the bias to the downside.
Hence, this is a good sell if you can break through the support of the swing low.
Short at a break through 1.0364 then place a stop loss at 1.0430 with a profit target at 1.0218.
What this means is the new Monthly Pivot Range is out and overlayed on top of the other pivot ranges.
This type of setup is a high probability setup, in this case, to go short.
All the resistance is here to be confident of the bias to the downside.
Hence, this is a good sell if you can break through the support of the swing low.
Short at a break through 1.0364 then place a stop loss at 1.0430 with a profit target at 1.0218.