fondiea

1.16 Horizontal line reactivate?

Short
fondiea Updated   
OANDA:EURUSD   Euro / U.S. Dollar
The horizontal line of around 1.16 (1.16077 in my chart) became a move as if it would work again.

1) Short when judging that it is resisted to the horizontal line
Since there are double zero 1.15000 and YPP 1.14786 under the current value,
Even if we trade here, it seems to be a short position with short S/L.
2) Before making a judgment, watch again as you cross the horizontal line
We will observe whether it functions as support or whether the horizontal line is ignored.

------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
------------------------- <Legend> --------------------------
Trade closed: target reached:

It lowered!
I think that dobble zero 1.15000 is tough as it is so I set the limit before that.

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