Pivot Points

Pivot Point analysis is a technique of determining key levels that price will react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods for calculating and identifying the exact points. Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a simple calculation to determine these points.

Some methods calculate one pivot point, others calculate several and again others calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
pardis pardis AUDNZD, 240, Long ,
AUDNZD: audnzd....breakout
142 5 13
AUDNZD, 240 Long
audnzd....breakout

uptrend.... return on fib prz 50-61.8 .... breakout of descending tl ... passing of a pivot point ... buy... sl = 1.08480

SvetInvesticij SvetInvesticij AUDNZD, D,
AUDNZD: AUDNZD Seeking Protection From European Event Risk
22 0 6
AUDNZD, D
AUDNZD Seeking Protection From European Event Risk

At the start of this week, I mentioned how the AUDNZD bulls had reclaimed 1.0765. This area had served as resistance for nearly a year before last month’s bullish break, but ten days ago buyers lost their grip on the new support level. I was on Twitter last week stating how I believed the recent dip to be a bear trap. In other words, the price action between the ...

lukasztrader lukasztrader USDCAD, W, Long ,
USDCAD: USDCAD looking slightly bullish
27 0 4
USDCAD, W Long
USDCAD looking slightly bullish

This is a simple analysis. I am observing USDCAD for a potential buy signal. It is breaking above important resistance level and it looks to be heading towards 1,4 If it manages to break above it, there is potential for another 600 pips move towards pivot high from 2016.

KristupasDaunys KristupasDaunys EURAUD, D,
EURAUD: EURAUD - Getting ready to go down.
12 0 3
EURAUD, D
EURAUD - Getting ready to go down.

Setup looks pretty good but still I will wait for more price action to confirm the down side, you guys should do that too! - Bearish Bat Pattern. - Stochastic overbought and looking to cross down. - Monthly pivot right one the 88.6 fib level. - Huge divergence on 1H. ***Trade carefully and have a good weekend!!!

fullcount fullcount PRO OCLR, D,
OCLR: Still Work To Do
10 0 2
OCLR, D
Still Work To Do

The early low today matches pivot low in October. Still has work to do as short term downtrend and 200dma need to be broken. Earnings in 4 days.

MU: Support & Resistance
20 0 1
MU, D
Support & Resistance

Marking pivots high and low

matt.sulli42 matt.sulli42 CMCSA, W, Long ,
CMCSA: cmcsa bullish fifth wave TP
6 0 1
CMCSA, W Long
cmcsa bullish fifth wave TP

possible pivot points

RKchartest RKchartest PRO EURUSD, 60, Short ,
EURUSD: EURUSD HEAD AND SHOULDERS A PIVOT
46 1 3
EURUSD, 60 Short
EURUSD HEAD AND SHOULDERS A PIVOT

EURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the ...

fathi323172 fathi323172 NZDUSD, D,
NZDUSD: NZD/USD Chart Possible Long Or Short
40 0 7
NZDUSD, D
NZD/USD Chart Possible Long Or Short

As we can see here on NZD/USD Chart there a lot of possibilities based by support and resistance (weekly strong) so either long (bounce) or short (a breakout), either way just waits for confirmation candle so we can minimize risk safe and happy trading DailyFx= Trend : Up Volitility : 15% News= NZD Bearish USD Netral

BTCFailWhale BTCFailWhale VRCBTC, 120,
VRCBTC: VRC BTC POLONIEX
33 0 7
VRCBTC, 120
VRC BTC POLONIEX

Seems the past 24 hours has been a slice of humble pie for me. One thing I have learned in trading is if you cant admit you were wrong, you will never be right. I was wrong. Now changed to a yellow line, this was my suguested bottom trend line . It was broken under very light volume for a hand full of candles. Increased buy support today up from 13 BTC to 100+ ...

EvanJones EvanJones PRO DJI, 240, Short ,
DJI: Strong Correction forecasted
34 0 4
DJI, 240 Short
Strong Correction forecasted

The Dow Jones Index like many other indices has been powering through aiming higher and higher , however with two significant gaps and a missed weekly pivot, evidence suggest these gaps will be filled at some point in the future. Added to this, is the divergence shown on the RSI which indicates a downwards correction.

Alexander_Nikitin Alexander_Nikitin AUDUSD, 15, Short ,
AUDUSD: audusd. bat
317 3 30
AUDUSD, 15 Short
audusd. bat

Lookng for shot opportunities above 0.74995-0.75000. even number usually acts as good pivot. contact me in PM for details of this trade.

crespi90 crespi90 CADJPY, 30, Short ,
CADJPY: Shorting NOW, or Buy opportunity in sight!
20 0 4
CADJPY, 30 Short
Shorting NOW, or Buy opportunity in sight!

Bullish butterfly/bat pattern to be completed the next day perhaps. I just took the turn/pivot area wildly, but expect a downtrend into a buying opportunity around the END of leg C to D

JordanFreeman JordanFreeman SPY, D, Short ,
SPY: SPY Alert
75 0 8
SPY, D Short
SPY Alert

We see an bearish rise in volume for the SPY and stoch took a bearish turn meaning that it seems as though the SPY has been overbought for a while and its finally kicking back.. 219.42 can be possible bounce point so watch for that but my stop loss would be at the 209.67 bullish pivot point. Let me know with Questions!

jojofang0901 jojofang0901 PRO AUDCAD, 240, Long ,
AUDCAD: AUDCAD LONG 4 HR BREAK AND RETEST TRADE SETUP
572 4 20
AUDCAD, 240 Long
AUDCAD LONG 4 HR BREAK AND RETEST TRADE SETUP

Hi traders! Here is a good opportunity to go long on AUDCAD Enter the LONG position @0.9725 as the 4 HR chart broke out of resistance trend line, retested @20/50 EMA, main pivot, and previous resistance trend line. Massive MACD divergence Target 1: 0.9785 (1.5% Profit) Target 2: 0.9855 (3% Profit) Thank you for your support and feedback. Trade: #6 ...

JordanFreeman JordanFreeman IWM, D, Short ,
IWM: IWM
51 0 5
IWM, D Short
IWM

IWM was on a nice uptrend until it just bearishly flagged this last week and closed at its first support and below 25 day EMA. With heavier bearish than bullish volume, I'm expecting IWM to ride down the right side of the bearish triangle breaking support 1 and possibly try to reverse and retest resistance once it hits support 2.. If stoch is driven up a bit and ...

MaryJane MaryJane SENSEX, W, Long ,
SENSEX: Dez 2017: 33.500?
67 3 15
SENSEX, W Long
Dez 2017: 33.500?

Longterm view: For me the Chart is clear bullish. The Level for further Longs is 30.000 AT present, the RSI turns red, u should exspect a healthy drop soon after kissing the Pivot resistance Level at 30.000. Kissing the neckline would be typical.

JordanFreeman JordanFreeman XME, D, Short ,
XME: XME
14 0 5
XME, D Short
XME

Although this may not be for long, if you are looking for some nice profits in a hsort period of time, XME is a nice short in my opinion.. This it closed right on support 3 with heavier bearish volume than bullish volume... It seems as it was going to consolidate and try to retest but seems as if it failed.. The bearish engulfing candle has confirmed a short...It ...

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