Yearly pivots are the biggest magnets of the market - yearly fair price.
I would wait for a pullback in the first half of day when market opens. Maybe I will go short some 20 pips counter-trend to daily PP if price opens away from it.
Then when price reaches the daily pivot , CPR , DM daily pivot (its all will be in same place) one can go long targeting yearly pivot .
Price reversed at traditional yearly S1. Traditional yearly pivots are more reliable. Yearly Camarilla S4 breakouts do not always work.
Volatility is going to be high all this year. Do not enter long at DM R1 in uptrend. Wait for pullbacks to CPR , DM pivot .
THIS IS NO FINANCIAL ADVISE! Forex is high risk business. Losses might occur. Never risk more what you can afford. You are solely responsible for your trades.
I would wait for a pullback in the first half of day when market opens. Maybe I will go short some 20 pips counter-trend to daily PP if price opens away from it.
Then when price reaches the daily pivot , CPR , DM daily pivot (its all will be in same place) one can go long targeting yearly pivot .
Price reversed at traditional yearly S1. Traditional yearly pivots are more reliable. Yearly Camarilla S4 breakouts do not always work.
Volatility is going to be high all this year. Do not enter long at DM R1 in uptrend. Wait for pullbacks to CPR , DM pivot .
THIS IS NO FINANCIAL ADVISE! Forex is high risk business. Losses might occur. Never risk more what you can afford. You are solely responsible for your trades.