____WEEKLY_____
Weekly - R3 = 1.5370
Weekly - R2 = 1.5156
Weekly - R1 = 1.4738
Weekly Pivot = 1.4524
Weekly - S1 = 1.4106
Weekly - S2 = 1.3892
Weekly - S3 = 1.3474
_____MONTHLY______
Monthly - R3 = 1.5922
Monthly - R2 = 1.5402
Monthly - R1 = 1.5105
Monthly Pivot = 1.4585
Monthly - S1 = 1.4288
Monthly - S2 = 1.3768
Monthly - S3 = 1.3471
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.