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Pivot

Long USOILi believe it could be long or short depending on what thats plays out I am initiating Short if: . Breaks wedge downwards . making a double top . breaks the 1 day trend line (yellow) heading back towards the bottom of the channel .breaks the RSI trend line heading for the bottom . breaks the pivot point which is located on one day trend line (yellow) I am initiating Buy if: . Stays above pivot . Breaks R1 pivot and ascending wedge for a blow out . bounces off of RSI Trend line Trade with caution it is never 100% correct If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading hope this goes as planned like my other idea i posted which turned out very successful Thanks Lewis
TVC:USOILLong
by lewis118
2
#bitcoin - Weekend with M-R2 as Resistance and Yearly as SupportGood evening, looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above, is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area. Currently the Monthly R2 Pivot is in the way of price increase. The January still is not over so not saying anything too early, but history (again) might not repeat. Everything important is as usual automatically marked for you. Have a great trading weekend. Neru
BITMEX:BTCUSD.P
by Gl4diator
2
#eurusd - Weekly UpdateEuro/Us-Dollar is currently facing a huge resistance zone between the key-level and the new Yearly Pivot 1.117 and 1.122. It has overcome a major trend line on the weekly and forming a bullish higher-low pattern. This area is crucial for the mid- to long term development upcoming. If this neckline area get´s broken upwards and passing the Yearly Pivot, things look much brighter for EURUSD (solely technical, ignoring fundamentals) Due to the fact, overall market is rather green nature, we need to see if this mentality can be established during January. As usual I marked the next relevant levels for you. In case this does drop a little, please watch out for the red trend line below the price for possible short opportunities. Neru
by Gl4diator
1
GBPUSD - Election RangeThe average range for GU in an election week is 2.41% (roughly - records from the 70's are less reliable). A short would need to aim at the 1.3 area as maximum first T1 - that consolidation pattern has made some strong resistance to get through. In the expected weekly range, we are currently in no man's land, so nothing but a quick scalp would be worthwhile in this area. If for some reason we dipped over the next few days a long banking on a Conservative victory around the 1.3 mark would be worthwhile. More likely, we will grind higher into Thursday and there will be an opportunity to fade the pop. For now, I hope that is useful to see the framework I'm operating in for Cable this week. You'll note the R4 Monthly Pivot high in our 2.41% expected range. R4 Pivots are interesting to look at - they are at extremes of range so two things often happen if the price reaches them - a) It normally mean reverts for the next few weeks as hitting R4 means the pairs usual range has been far exceeded. b) It often signals a proper breakout/ change in direction. The momentum required to push price this far means a lot of the big money has been involved. While I would trade the fade for now, if we hit R4 it is another sign that the bottom around 1.2 is going to be a major multi-year bottom.
by ForexVox
CADJPY Might Attempt A Move Upwards To Around 84.000 Area!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Long
by FX618Analysis
HOLD THE DOOR!What is a Pivot? Pivot is a significant price level established when a stock fails to penetrate it to the up or downside or the price has a breakout past the pivot level. Often, a sudden increase in volume accompanies a move through the pivot price level. I hear Ponzi this Ponzi that, 6.5K entry, 4.5K entry, dump this ponzi which in consequence leads a bunch of sheep to believe it is going to dump. Go against the crowd, educate yourself & DYOR <----- Financial Advice. LONG FTW!
BITMEX:BTCUSD.PLong
by RAHU777