Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DeMark and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
Last post: April 22nd. See chart.
Review: Price had failed to break and close above January 2015 and the weekly 200sma resistance zone.
Update: Price is now trading below the daily 200sma suggesting an overall bearish market.
Conclusion: We will be looking for shorting opportunities if this weakness continues.
Any comments or questions, do not hesitate to ...
Last post: May 20th. See chart.
Review: A breakout was required to suggest a trend continuation.
Update: A breakout followed was confirmed and further bullish moves have taken place.
Conclusion: A move towards 6.0000 with further opportunities to compound is now probable.
Any comments or questions, do not hesitate to leave them below. Hit agree if you ...
While the other JPY currencies that we have posted about, such as the AUDJPY, the CHFJPY and the USDJPY, continue to pullback or remain firmly in consolidation, the TRYJPY is leading the way for a possible breakout and trend continuation.
We last posted on the TRYJPY on April 4th when price had pulled back to and found resistance at a previous pivot level. Since ...
Last post: May 13th. See chart.
Review: A break and close above April resistance was required to confirm a trend continuation of the bull trend.
Update: The breakout took place, offering a long entry, and a new resistance high has been created.
Conclusion: Patience needed until the current May resistance becomes support.
Any comments or questions, do not ...
Last post: May 21st. See chart.
Review: A breakout was confirmed yesterday.
Update: The bull trend has continued today triggering another compound.
Conclusion: We want to see price continue towards the next round number of 6.0000.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Last post: May 16th. See chart.
Review: A continuation of the bear trend was likely with the confirmation of the bear flag.
Update: Price has indeed weakened further with another bear flag a possibility by the end of play today.
Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken.
Any comments or questions, ...
Last post: April 26th. See chart.
Review: A retest as support was expected following a break through key pivot resistance.
Update: The retest was sometime in coming. A break and close above May resistance is now needed to suggest a trend continuation.
Conclusion: Standing aside for now until the breakout and trend continuation has been confirmed.
Any ...
Last post: April 29th. See chart.
Review: Waiting for price to break and close above 1.2000 resistance to suggest a bull trend continuation.
Update: The breakout failed to materialise with the bears coming in strong.
Conclusion: Standing aside and focusing on trends in progress.
Any comments or questions, do not hesitate to leave them below. Hit agree if ...
Last post: May 7th. See chart.
Review: Price was pulling back to round number 110 resistance.
Update: Price continued to pullback and is now at 110 resistance.
Conclusion: Require price to bounce off resistance and break and close below April support ideally in the form of a bear flag.
Any comments or questions, do not hesitate to leave them below. Hit ...
We last posted on the EURUSD on April 4th when price was still very much stuck in an area of consolidation.
Following the post, price action seemed to be gaining momentum in the direction of the bull trend but that was short lived. The bears took control of the market, and in the last week particularly, we have seen price break through the pivot support that was ...
Last post: April 28th. See chart.
Review: Price had broken key support and was weakening further towards the 200sma.
Update: Price continued to weaken is now trading 300 pips below the 200sma and the significant round number of 1.2000.
Conclusion: Price now has a bearish bias and we will be standing aside until an opportunity to short this presents itself. ...
Last post: May 15th. See chart.
Review: We were waiting on price to confirm a breakout by the end of the trading day.
Update: The breakout was confirmed. Price is now suggesting another breakout in the form of another bull flag.
Conclusion: A confirmed bull flag will strongly suggest a continuation of the bull trend and offer another long entry point.
Any ...
Simple EMA strategy
H4 Lower highs and Lower lows
Waiting for price interaction with H4 20 EMA in the trend direction.
There's good resistance on the pivot points as well.
Entering at the 50EMA bounce downwards.
Enter at the EMA cross on the 30M, 20EMA (blue) crossing 50EMA (red) going downwards
Two trades 30pips Stop Loss, targets at 1:1 and 3:1 ...
On higher timeframes (weekly/daily) bearishness has begun to creep in with two bearish days to close out the last week
A new trend has formed on the hourly
Looking for bearish continuation, there is previous support which aligns with the 38.2% Fibonacci level
If price retraces (and it looks like it is), then the rectangle highlights the zone of interest to watch ...
Last post: May 2nd. See chart.
Review: A possible breakout and a close above the resistance zone around the round number 12.0000 was on the horizon.
Update: Price failed to breakout and, instead, pulled back to the daily 50SMA.
Conclusion: Price is now showing strength again. A breakout above is still required.
Any comments or questions, do not hesitate to ...
Last post: May 14th. See chart.
Review: Price was pulling back to round number 110 resistance.
Update: Price continued to pullback and is now trading above the round number 110.
Conclusion: Require current resistance zone and the daily 50SMA to hold strong and for the bears to take back control.
Any comments or questions, do not hesitate to leave them ...
Last post: May 13th. See chart.
Review: Price had pulled back to and was bouncing off resistance.
Update: We were wanting a breakout in the form of a bear flag. 2 more days of weakness means the bear flag has been confirmed.
Conclusion: A bear trend continuation is now likely offering further shorting opportunities.
Any comments or questions, do not ...
Last post: May 9th. See chart.
Review: The bulls were very much in control and forming a trend since breaking out.
Update: Price pulled back to support and another breakout is a possibility.
Conclusion: A breakout will suggest a bull trend continuation and will offer opportunities for us to compound.
Any comments or questions, do not hesitate to leave them ...
