montrealtrader

Explanation of the chart

montrealtrader Updated   
OANDA:EURUSD   Euro / U.S. Dollar
6
Will explain what you see on the chart , pink dot are old daily pivot point, orange dot old weekly pivot point and red dot old monthly pivot point. New daily, weekly and monthly are on the axis. Blue dot are the quarterly pivot point and green the yearly pivot point. Also the RSI but dont use it to make decision all base on pivot point , its there to see where is the momentum.

Big support/resistance are the yearly, quarterly and monthly in that order of strongest to weakest.
Comment:
I dont use the old pivot point I just leave there as reference to look back what the pair did on those resistance/support

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