EurUsd - trading with pivots and pivot trend lines

FX:EURUSD   Euro / U.S. Dollar
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


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 pivothttps://www.
euro closed above the daily trend - becomes long on the daily as long as price stays above the trendhttps://www.
kate25 kate25
break outhttps://www.
euro challenging the daily trend on the 1 hr time frame - looking for close abovehttps://www.
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 trendhttps://www.
Very nice prediction, I hope you are right. I'm long the EURUSD for the short term.
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 flaghttps://www.
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 happenhttps://www.
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