kate25
Long

EurUsd - trading with pivots and pivot trend lines

FX:EURUSD   Euro Fx/U.S. Dollar
641 8 10
Short term long. Price presently below all trends and pivots . Euro             is trading close to top of this weeks pivot point - in doing so it will be by default thrown above the next weekly pivot point - basically creating a hole to slide up. If it can maintain this price range close to top of pivot at closing then I would expect a challenge on the up coming weekly pivot point deflecting up to challenge R1 if it can close above R1 then R2 will be challenged - failure to keep above the weekly pivot point will result in a challenge of S1
https://www.youtube.com/watch?v=w_A3w3VNV6o Forex retailers can only advance under one another insights. Sharing is our strength.
This is my short term view of Euro - a potential pocket has been left open for euro to place itself on top of nest weekly pivot - I will post the current short view followed by an example of what could happen
snapshot
+1 Reply
This example is of aussie - the beginning formation of the bear flag - what I like to see is price drop onto the weekly pivot point and deflect higher - if it does more then likely the start of your bear flag
snapshot
Reply
Very nice prediction, I hope you are right. I'm long the EURUSD for the short term.
Reply
Price did what we were hoping for so far - landed above the weekly pivot and the daily pivot to boot - price is above the 8 hr trend but below the weekly and daily trend - looking for challenge and close above the daily trend - remains long above the 8 hr trend
snapshot
Reply
euro challenging the daily trend on the 1 hr time frame - looking for close above
snapshot
Reply
euro closed above the daily trend - becomes long on the daily as long as price stays above the trend
snapshot
Reply
break out
snapshot
Reply
Price is below the 8 hr pivot and if not careful soon to be below the 8 hr trend - price may be able to slide above next pivot if it can stay close to the 8 hr pivot point - If not price will challenge the daily pivot
snapshot
Reply