_____WEEKLY_____
Weekly - R3 = 1.1444
Weekly - R2 = 1.1228
Weekly - R1 = 1.0969
Weekly Pivot = 1.0753
Weekly - S1 = 1.0494
Weekly - S2 = 1.0278
Weekly - S3 = 1.0019
_____MONTHLY______
Monthly - R3 = 1.1895
Monthly - R2 = 1.1435
Monthly - R1 = 1.1202
Monthly Pivot = 1.0743
Monthly - S1 = 1.0510
Monthly - S2 = 1.0051
Monthly - S3 = 0.9818
REMEMBER ... THE WEEKLY PIVOT POINT S2 AND R2 LEVELS ARE VERY HARD TO BREAK.
Why? the majority of weeks, the market simply can not take much force as to extend outside the range of R2 and S2 weekly. However, traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.
Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.