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Acdsystem

Where Euro turns?As you see if price breaks monthly A or C pivots (of Fisher's ACD system based on opening range) it usually turn at classic monthly R1, S1, sometimes reaching R2, S2...and very rarely S3, R3 (in case of extreme volatility as with covid or some major crisis). Why so? Bcs most American institutional traders use floor pivots for targets. BUT keep in mind we are in the end of the month and June 2nd we will have new monthly opening range and new A and C pivots. Today bullish move stopped at monthly R1. I suspect price will return to A pivot. This system is great trading map.
Education
by ICFX
Go Long USDJPY on 'A' Up Trade - PrudenceThe bias remains to the upside for the short term with the price trading above the Daily Pivot Range (blue dots), therefore this level is key support. With this bias to the upside our ‘A’ up value line is our first entry point for the day. The 14 Day Pivot Moving Average (red) is turning up, and crossing the 30 Day Pivot Moving Average (yellow) and this is bullish. The action to take is to enter and go long if the price trades at or above 109.27 for at least 15 minutes. Use a shorter term chart like 5 minutes to confirm this. Once, this rule has been met use discretion to get as close to 109.27 as possible. Sometimes the price may rally quickly from this level so be careful not to buy on a spike, so if the price has moved to far, look for a retracement for a better entry. Place the stop loss at the Opening Range low of 109.088 and the profit targets as stated below. Note: If triggered, look for the trade to play out over a period of 24-36 hours and if no significant move after 3 hours, exit the trade. Entry Price: 109.27 Stop Loss: 109.088 Profit Targets: First profit target 109.69. Once first profit target is reached, bring stop loss to breakeven, then trail a stop loss on remaining position 15-20 pips behind to safeguard profits.
Long
by chris333
2
New Highs Readied for BTCUSD?The price action is setting up for a renewed bullish move up. Our entry rule must be met in order to go long. The rule is: the price must trade at or above the 'A' value line of 17850 for at least half the Opening Range of 30 minutes. So, if in 15 minutes the price completes this action, we can go long. Then place stop loss at the Opening Range low of 17734. Stay tuned. If the price holds support above the Pivot Range (blue dots) the rally could ensue, and to new highs.
COINBASE:BTCUSDEducation
by chris333
4