Friday, price wicked off of the median price from the consolidation zone we broke out of the other week. Daily ATR is sitting at 103pips, Stochastic supports Friday's late reversal, but a little divergence would go a long way..still waiting on that. Scalpers should feel comfortable looking long on Monday. I'm aiming for the 1.06 mark on Monday. It would be asking a lot to see price break into my supply zone this early in the week, I'm thinking a drawback to support is more likely. 1.05 could be a discount price this week, before a late-week surge to the top of the channel, which price has formed on the Daily chart.
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Correction...long @ 1.055 to 1.063*** is my trade! 1.25 ATR stop-loss. Monday!
