Get started

Pivot

USD/JPY view for this week, possible BEARISH breakoutRising Wedge on H1 was created last week and finally broke out today and bounced to a major resistance zone . Watch price action for possible bullish breakout or drop to S3 pivot . My view is short term sell scalp until S3 pivot and will closely watch the price action along that pivot . If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA. Good luck to everyone!
Short
by pjgonzales
Fib Analysis on Crude OilGetting this chart up for a long entry at $45.41, based on the 50% retracement holding at $44.68. Based on the prior scorching downtrend, really wanted to make sure that this held first. *My fib retracement tool is reversed to show extension levels* Take profit: $49.33 Stop loss: $43.75 Floor trader pivot gave support on S1 at around $42.50-$43. Someone pointed out to me that the larger month-based floor trader pivot has S1 marked at right about $45, creating multiple support levels across multiple time frames (always the best trades to take). I am always starting on the macro 1w and 1d charts before drilling down into the 4hr, 1hr, 30min charts. Oversold conditions for a while now, and some other qualitative factors make this a viable short-term long entry.
NYMEX:CL1!Long
by MrDiamondHands