4 Confirmations:
- Predominantly above my control line (pivot line in channel)
- Broke through downwards trend line
- Broke through high of my channel
- RSI & Stochastic still point up!
The Loonie is starting to look very interesting.
Still in a Weekly Phase 2 and trapped between the Monthly R2 pivot and Yearly pivot, a break above and price could reach the long term trendline. Any sell trades should initially target the yearly pivot.
A clean break of the yearly pivot would open up to more selling.
GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an...
Buyers managed to push price up to the Daily 100 and 200 SMAs before sellers came in strongly.
As per last week, a break below the Yearly Pivot (1.3180) would be good news for sellers. Should price stay above the pivot and we could see a test of 1.3355 and even 1.3430.
Here is a simple set up for CHFJPY long positions.
Price is rejecting the 109.500 daily support zone and is flattening nicely with deceleration present. Price has broken above daily pivot now and I will be looking for the TL and 1hr 50ema to be broken and closed through next.
Safer entry would be to wait for the break ad retest of the TL and 1hr 50ema.
The US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame...
EUR/USD former trendline support turned resistance. Eur tagged this line perfectly overnight at 1.1654. This is the pivot point for now... above there opens up another big figure I think.
It is a beautiful range sandwiched between Pivot Points.
It will be a simple point of trying to short.
<< tactics >>
1) When MPP (P) 0.68568 functions as a resistance line, consider a short entry.
The first limit is WePP (P) 0.67879
The second limit is WePP (S1) 0.67351
2) If you penetrate MPP (P) upwards, wait for a long entry opportunity.
Please note that...
It ranges from MPP to YPP since last month.
If it is assumed that the moon starts moving since the moon has changed, it will be the flow that aims at shorting from here again.
<< tactics >>
1) Consider a short entry when MPP (P) functions as a resistance line.
The first limit is WePP (P) 0.73924
The second limit is WePP (S1) 0.73423
WePP will be updated on...
If YPP (P) 1.08720 functions as a support line, think long.
The first limit is WePP (R1) 1.09559
The second limit is 1.10000
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the...
When MPP (P) functions as a resistance line, consider long entry.
First limit: WePP (P) 0.99610
Second limit: 1.00000
Third limit: 1.00400
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points...
We shall not regard bitcoin as a special one.
In that case, even if it change to uptrend, the range is included once.
If the current situation is that part,
Currently I think that we can look at Long: Short = 50: 50.
Most recently, I aim at trading using MPP (R1).
<< tactics >>
When MPP (R1) 7613.0 functions as a resistance line, short entry is done.
The...
We can see from weekly that volatility became apparently small since 2017.
weekly
140.000 - 155.000 Both of the upper and lower of the range are blank.
Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover.
Since it is the most recent range, I will aim for...
<< tactics >>
If YPP (S1) functions as a support line, think of a long.
The first limit is WePP (P) 0.6800
The second limit is WePP (R1) 0.68411
Since it is a weekend, be careful that WePP will update on Monday.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly...
If MPP (S1) functions as a support line, think long.
The first limit is 70.00
The second limit is under MPP (P) 70.77
The third limit is under YPP (R2) 72.62
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line:...
If it judges that YPP (P) functions as support, it will be long.
The first limit is WePP (P)
The second limit is near the most high value of 1.09800
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly...
Because my trading can not catch up, please allow me to write it briefly.
<< tactics >>
When judging that 2800.0 functioned as a resistance line, I will short.
The first limit is on MPP (R1)
The second limit is on WePP (S2)
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line:...
