UsdJpy short term

FX:USDJPY   U.S. Dollar / Japanese Yen
260 2 10
The daily pivot has changed from advancing to declining - so on the daily, average price is collapsing - the 8hr pivot also started to collapse and is now riding below the daily pivot . I can use the previous daily pivot is my stop loss which has a supply zone just before it - targets sit at the pivot highs below. If the 8hr pivot reverts to advancing up then I would close the trade.

I like it, price was already in the demand area then gapped up into supply and is now coming down. It is promising. Good job.
kate25 PRO JamesPowell
Thanks James - using the pivots as moving averages is new and not necessarily proven - see how this set up plays out
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out