USDJPY breaking up an important resistancePrice has just broken up a major Resistance. Divergence shows that it may do a retracement, so that's why I've put the SL in the 78.6% of the Fib retracement.
It did a retracement maximum on 38.2%, so it is a signal of STRONG UPTREND.
Day opened above DAILY PIVOT POINT, so it is a signal of an uptrend.
Comments are welcome.
Pivot
THE MONTHLY PIVOT WAS UNTESTED. WHY WOULD YOU NOT WAIT? GOLDI recently posted info about this on another chart for bitcoin. you see how that pivot point was untested on this new monthly? that means. always. btc JUST did this at 10.5 last week. but it means THE PIVOT POINT WILL GET TESTED!! buy there
bitcoin. Short potential. 2day. CamarillaCam monthly levels. we hit the top of predicted monthly range perfectly. if we reject here. the typical play would be to target the L3 on the otherside. supporting information is that the sentiment is very bullish. over confident. fear and greed highest since 14k last year. fisher transform on 2day is +4. TD9 sell set ups are on larger time frames. godmode on daily and two day signalling top locally. wave trend. The inverse of wix sensing top points. OBV shows lot of buying in this area. The PPO is in the red extreme warning threshold. The defi movement is just big money narrative or getting more money to begin with. the worlds economies are going to face hardship the coming months. BTC has NEVER been a good storage of value at these levels. People are trying to compare the price action here as if it is unstoppable like 2017 however this is not a blue sky breakout. That is just my two cents.
P.S Potentially we could bounce from 11.8 or see the H4 level or up to it for some upside hunting. that is a large space so exercise caution. stop loss yourself maybe around 12.1 and look to reposition after that happens if it does.
Buying opportunity for BCHUSDT, 1HPrice have pretty strong support in Fibonacci Pivot Points. There is also pretty nice bullish cross on MACD.
After that I expect price to turn and to go to R1 (~238), R2 levels (~244)
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
S&P500 - are bears winning? Ok, here we go again. 2nd wave of Covid19? spike in many cities? disconnect between real world and the stock market finally hitting home? etc etc.! To be honest, it appears to be a disconnect but as a technical trader I would just make it simple and follow the charts - although the emotions of trading is anything but simple! :)
S&P's recent pullback is still within the range of a market "consolidation" and with support zone around 2940-2960 (horizontal support and 61% fib retracement). At the worst case, we will retest the recent pivot low @ 2923. A test and rebound is fine. A close below this worst case scenario (2923) will mean it is safer to err on the side of bearishness and stay/get out. So let's see.
US CRUDE OIL - Bullish above $40, weekend of June is Q2 close$40 key level
structural and psychological pivot point
Will look to get long if price holds above 40 bucks going into 4 am London session through 10 am ny session on Tuesday 6/23
Below 39.75 can target $39.... break of which could warrant more downside
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see.
If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it.
Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND.
Test various instruments yourself and just get convinced.
The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips.
GOOD LUCK!
CAMARILLA intraday scalp range setupIf price goes to L3 first. Long for the target H3. If price goes to H3... short for the L3. Chance of us testing the P pivot purple line today... I will tell you are greater than 95% chance. And the odds that we range instead of trend today is also high due to our large pivot channel and even 2 day value relationship
INTRADAY scalp set ups. camarilla play + CPR logicWe have a wide CPR range. chances of a ranging day usually higher than a trending day. which ever of these comes first is probably old ban easy day trade. entry should be on H3 and L3 after the PA looks something like the yellow lines. if the chart is a little unclear about that.
Camarilla pivots Wild guess for coming PASo this is not financial advice. I come to this guess because we have a tiny channel on the daily levels just under the pivot point. If we break the pivot I think the daily could swing high and take us up to low 10kish. that is where both the weekly and monthly top range level is (10.2-10.4) for max resistance. And since it is early In the week I think perhaps we will correct it from there. seems like a fitting hunt and false break out on low time frame traders shifting into a suitable early weekly and monthly Range downside play for proper correction. From there we maybe could see if it holds up... IF it happens.
GBPJPY UPDATE!This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Pivot Point for today and tomorrowMinnie Pivot Points 03/06/2020 (S3,S2,S1,P,R1,R2,R3)
Work well for two days
Levels are calculated according to my original method
EUR/USD 1.093 1.098 1.106 1.11 1.12 1.124 1.131
USD/JPY 106.974 107.288 107.739 107.997 108.595 108.808 109.293
GBP/USD 1.226 1.231 1.238 1.242 1.251 1.254 1.261
AUD/USD 0.661 0.665 0.671 0.674 0.683 0.685 0.692
USD/CHF 0.951 0.956 0.958 0.963 0.966 0.97 0.973
NZD/USD 0.613 0.617 0.622 0.626 0.632 0.636 0.642
USD/CAD 1.344 1.353 1.359 1.368 1.374 1.381 1.387
EUR/GBP 0.882 0.886 0.889 0.893 0.898 0.902 0.907
AUD/NZD 1.068 1.071 1.075 1.078 1.083 1.085 1.089
USD/RUB 68.346 68.864 69.068 69.716 69.949 70.427 70.731
USD/ZAR 16.923 17.084 17.206 17.384 17.533 17.665 17.809
USD/MXN 21.311 21.581 21.728 22.052 22.248 22.504 22.719
USD/CNH 7.072 7.095 7.104 7.132 7.143 7.164 7.178
Gold 1696.672 1710.44 1724.904 1738.418 1757.666 1768.568 1785.378
Silver 17.248 17.587 17.961 18.288 18.794 19.065 19.503
Brent Oil 34.925 35.686 36.554 37.265 38.35 38.873 39.788
Crude Oil WTI 32.401 33.335 34.758 35.49 37.406 38.034 39.573