After Bitcoin finally decided to go for the green scenario and broke down, it is just now hitting the first bigger support. It´s a combination of the Monthly Pivot & a Channel-Support, also Bitcoin is quite oversold. Watch the levels, shorters might want to think about securing their positions nicely, two ways to go from here and don´t forget not letting winning...
Gold broke important 1420$ level on monthly chart. If XAU/USD can sustain the gains and even close above 1500$ in August, then we might have couple of months in 1530-1500 range with possible spikes to 1579$. We are literally sitting and that crucial 1495-1500$ zone on weekly, which I believe is bullish. Failure to close above 1500$ on monthly would signal a...
Overnight the A&E could not break out. At this big resistance, it seems fairly normal, that people started to take some profits. The big question is now, do those swap to open short-positions? So far, we simply don´t know. The first drop got us below the Monthly Pivot and stopped at the SMA200. The A&E has not failed yet. A little sideways between P-M and R1-W...
The Camarilla pivots, are based on highest , lowest prices, and open & close price of market. In this case, btc, Lowest price( 2.00) and highest price(20000.00) of geral charts of prices btc, and closing & opening, im baseading in last month, JUNE, that are>>> Open=>> 7490.00 Close=>> 6380.00 (monthly candles) with resultings, in black lines support,...
$10,700 on Fib's (50% retracement) $12,000 on the Monthly Pivot
Next Fib support and Monthly Pivot, $9,000 give or take a few $$'s
GBPUSD 4H Descending Trendline Breakout Take Profit at Monthly Pivot Watch Macd Blue line cross over and stay above 0 level line
USDCAD 4H chart: Price is retesting the 14 EMA-line and will be interesting to stay tuned. or price moves up again, or will break the 14 EMA down. If it breaks the trendline it will fall down with the intention to mark the monthly pivot. TP is monthly pivot of October at 1.235
USDJPY 4H chart Price is below 14 EMA, so we observe downtrend in price action. In this case by breaking the trendline below, we can see price movement towards the monthly pivot of October. There is even a missed weekly pivot at 110.090 for second TP But be careful. The daily chart is above the 14 EMA and needs to cross to reach the monthly pivot.
EURGBP 4H chart: Price crossed the 14 EMA-line and is now doing a retest. We can choose either for waiting to cross the trendline before entering a buy or placing a buy-stop above the first full candle above the 14 EMA. TP is monthly pivot of October at 0.893 Be carefull, the daily chart is still in a downtrend.
Still waiting on a BOOM up A monthly pivot can be a very strong magnet when it appears as missed during it´s period Wait for a candle above the 14 EMA. Because of these high speed movements, maybe see the 4 hours chart also to get in at a good place.
Almost all the cryptocurrencies have touched there Monthly pivot of August, but Gridcoin Research not. The month is getting on its end, and needs to close with a clean chart. We hope to see a bullish move during the next 5 days.
Major resistance held (R1) Short anywhere here to trade in the range, and place Sell Stop below the Range for breakout to the Monthly PP and S1 and beyond!
Dax gives oversold and seems to correct its bullish move for now. Possible take profit in the move could be first missed monthly pivot.
waiting for confirmation of break of the current monthly trendline support, after that a good move to the downside to price 1.28256, that support will be tested for a further break to create the new lower low in the monthly perspective.
There is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. There's an overage of pessimism surrounding the GBP at...
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...