Pivot
EURUSD 25.05.2020Good day everyone!
On EUR/USD pair we see that the price has been rejected nicely from the downside since my last post at this particular level.
Now, the pair is heading towards the 1.10 major resistance level which was tested in the past several times and could not brake it.
Maybe with the depreciation of the US Dollar it will manage this time.
If it could get past the 1.10 psychological number, the next target would be near 1.115 range.
I wish you all a great day in trading!
If this helped you in any way, feel free to like this idea.
could it be a b-b-bottom? or b-b-boggs?12 channel. vix fix starts flashing green. ppo detecting bottom. just above both monthly pivot. and yearly pivot is just above 8k. maybe it is good to go. lets see
EURNZD SHORT - TL 3RD TOUCH, RESIISTANCE, 50/100/200 EMAHi
Looking to short EN around 1.7980 - 1.7990 area.
Technicals:
TL 3RD TOUCH 4H
PREVIOUS SUPPORT NOW RESISTANCE
PIVOT LEVEL
50 / 100 / 200 EMA
TP 1.7920 area
TP 2 1.7850 area
nice pivot from 1450 and 1452just want to post this pivot , nope, it's not helping for our current situation,
because we are at the bullish trend , it won't break down the RED pivot and create a new one
must wait to hit above 1800 first and see a strong correction
but I think this is a beautiful pivot , so I post it anyway
Make or Break. bitcoin On the edge of the knifeBitcoin for the first time since closing above has broken under its daily pivot point @9670ish If it break under 9410ish L4... it will more than likely see a continuation to L5 and L6. Likewise if it is reclaimed we will see it retest H3-H4 possibly.
GBPJPYContinuation of the recent down trend
Price opened below the Daily pivot indicating Bearish conditions
Lower highs lower lows on 1 + 4 Hr time frames
EMA 100 + 200 Bearish
IF price rejects said area will create a head and shoulders pattern on higher timeframes (Right shoulder) bearish momentum then expected
IF price breaks this area of resistance VOID Trade
GBPJPY Short term trade experimenting with H&S pattern (inverse)
Short term long into the pivot
DO NOT TRADE .TRIAL
EURJPY Long ideaMonthly pivot looking for a retest after rejection from S1. Stop loss set, risk management used, targets roughly 10 pips from the monthly pivot.
CHFJPYin this scenario, we would like to ride the wave to short. Our zone is between 110.60-110.90, but we would like to cover the pivot to make sure we do not get stopped out. in order to cover the pivot, we would like to deepen our entry to make sure that the profit would be covered. if the price hitting our zone then rally back down without entry we would cancel this trade
drop a comment below if you take this trade
Description of the X-Lines indicator. Important levels automaticA brief description of the X-Lines indicator. Important levels automatically.
Hi, friends! Let's looked how you can absolutely automatically mark all important market price with x-lines indicator.
Its free for use. Link below.
3 Day Rolling Pivot + Cam SR3Indicators used:
1. Pivot Points Standard (choose Camarilla daily and leave only S3R3)
2. Pivot Points Standard (choose Camarilla weekly and leave only S3R3)
3. 3 Day Rolling Pivot (Rolling Pivot Range)
Good luck!
AUDCHF Price has shoot back the the pivot, whats next?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!
BTCUSD, 60 - Where's it Going?This has to be a quick update as I think the price is IMMINENTLY about to explode, one way or the other. We've got an almost perfectly symmetrical triangle formed on the 1h chart after the big run-up the other day.
This generally means confusion and un-certainty within the market and analysts can struggle at this point to know which way the move is going! It will break out, it will break out very soon. Up or Down is anyone's guess!
If we had to call it - we'd go Long at this point, based on two factors, the fact that the recent general trend is Bullish, and with the halving approaching quickly many people are going to be jumping on the Bitcoin wagon! Simple supply/Demand!
Good Luck & Happy Trading!
-theCrypster
Daily and Monthly resistance. Gonna Test Pivot at 8k?Looks like on camarilla pivots + momentum oscillators + Trendline that we are facing some daily resistance and monthly camarilla resistance. It might be possible price gets magnet attraction to those purple pivot lines channel area before either breakout or breakdown
ON THE OTHER HAND. we are at resistance and I am not seeing any VPT (volume price trend) sell signals like we do the previous time visiting these resistances. so be careful
After our U$ 2.5k trade, what's next?So, after our last trade on BTC, it went up about U$ 2,500 and we already realized our profits. We did catch that last bull trend, which started on April 22. If you missed it, you can check it here and follow me to keep in touch with our trades.
Last trade on BTC, triggered on April 22:
But what about now? As I said in my last analysis, since we’re out we’ll wait for another sign, could it be bullish or bearish, don’t matter. For now, I can you that the price is doing that typical move after a strong trend - it gets “sleepy”. Could be a sideward movement, very common in accumulation or distributions, or we still could see a pullback here, after all, BTC could drop all the way down to U$ 7,500 without spoiling the bull trend. Honestly, I’ll consider buying back if it drops there.
Let’s see what the hourly chart tells us:
Yesterday I warned about that H&S pattern, that if triggered it could sink the prices way down. Well, it wasn’t triggered, and the price is moving sideways without any pivot. As I said, it is “sleepy”.
Until now, there’s nothing new here. Just be patient, no rush, use the time on your favor. Let’s wait for the next pattern appear, calmly, patiently, cold-bloodedly, like a sniper.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
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SPX - The day after the bears bled.Now, after the bears bleed yesterday, we see another pullback. Like I said in my last analysis, there’s nothing here that tells me the trend will change. I’ll say the 6th tenet of Dow Theory again: “Trends Persist Until a Clear Reversal Occurs”.
Until then, it’s a bullish trend. Now, what would make me change my mind? Simple, if the price loses that light blue line in the chart would trigger an alert in my head. Also, I like to check the hourly chart for some insights:
See that blue line, indicating an upward trendline? If the price closes under that line, I’ll be alert too. Meanwhile, there are no technical reason to buy, neither to short, because you take the risk of losing some money (like yesterday’s bear trap). I prefer to wait for some confirmation, calmly, patiently, like a sniper.
Check out my last SPX analysis here:
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
XTZ - Time to get your profits?Ok, so XTZ reached the “resistance zone” and did a bearish pattern. As I said in my last analysis here, I’m not in XTZ, and would only buy it if it dropped back to some support, which could be the 21 ema, that blue trendline or any of these red lines on the chart (previous tops).
It’s still a bullish trend, but if you have some Tezos with you, be aware, because you may see a pullback. It would be a natural movement, and out attract more buyers (me for example), who didn’t catch this trade down there.
Today’s candle is a little uncomfortable for those who are long but remember the 6th tenet of Dow Theory: “Trends Persist Until a Clear Reversal Occurs”. If you are a more aggressive trader, you could investigate the hourly chart for more clues:
The price dropped and lost one support (red line), and now it’s struggling at another one (black line). I maintain what I said in my last analysis, and you can set you stop-gain in different ways, accordingly to your will.
You could’ve stopped when it lost the red line, or when it does a bear pivot in the 1h chart, or if tomorrow it loses today’s candle low, for example. It will be all accordingly to the technique and your psychological state.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Short EURUSD at yearly pivot S1 1.0870Short EURUSD at yearly pivot S1 1.0870
first target yearly pivot cam S4 1.0832
second target yearly fibo pivot 1.0793.
plus we are at a time cycle and point.
SPX - We warned about the bear trap.Hello investors! Yesterday, I saw some traders calling it a short opportunity, but we already knew it was a bear trap. Just as I said in my last analysis, SPX resumed its trend and yesterday was only a healthy, necessary pullback for the price “take a rest” and go up again.
How we knew it was not time to short yet? Well, it just did a pivot at the hourly chart, and the price found support in both the light blue line (previous top) and the 21 ema. That means yesterday was only a pullback. Hourly chart:
We should be very careful and remember the Dow Theory’s 6th tenet: Trends Persist Until a Clear Reversal Occurs.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
XTZ - The bulls are strong, but keep your eyes open!As a request, I’ll analyze Tezos today. It did an impressive bullish move, and now is near a resistance zone. It is pivoting continually, and the bulls doesn’t seem to be weakening at all.
At the hourly chart it did a H&S pattern, which would give a very nice trade, as you can check here:
If I was in the trade, I would be very aware of the “resistance zone” and get out if the trend change. It could be a bear pivot, a bearish chart pattern or even the loss of a previous support, as indicated by the red lines in the daily and hourly charts. Suit yourself here and do whatever gives you more psychological comfort.
Since I’m out, I must wait for a pullback, and the “resistance zone” is the ideal place for that to happen.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
SPX - Just closed a GAP.* Remember to support with LIKE and FOLLOW me for more analysis *
SPX today’s candle is a little annoying, yes, but we shouldn’t expect that the market can always go up, without taking a rest. The price respected the 2858 support zone (light blue line) and closed a gap.
If we look at the hourly chart, we may see this move as a correction after a pivot breakout, which is a natural and healthy move for SPX.
Now, there’s not much to do. Like Charles Dow would say, the trend will continue, until it got reversed. In the lack of any bearish sign, we can understand any drop in the prices as a pullback.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Daily analysis;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
