MPP was updated in July.
Unfortunately, however, it did not almost move about this symbol.
As the weekly chart, it is a range market so it will be both short and long compactly for a while.
Weekly chart
<< tactics >>
1) MPP (P) 0.98956 is function as a support line
long.
The first limit is under WePP (R1) 0.99799.
The second limit is under 1.0000 but it seems to be dangerous.
2) It is doubtful whether MPP (P) 0.98956 functioned as a support line
After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <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> --------------------------
Unfortunately, however, it did not almost move about this symbol.
As the weekly chart, it is a range market so it will be both short and long compactly for a while.
Weekly chart
<< tactics >>
1) MPP (P) 0.98956 is function as a support line
long.
The first limit is under WePP (R1) 0.99799.
The second limit is under 1.0000 but it seems to be dangerous.
2) It is doubtful whether MPP (P) 0.98956 functioned as a support line
After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <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: stop reached:
It did not work.
I will switch my mind next week.
I will switch my mind next week.