Pivot Points

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Pivot Points

Pivot Point analysis is a technique of determining key levels that price may 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 of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DeMark and each type has its own calculation method.

Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all 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.
GrowInvest GrowInvest PRO BTCUSD, 240, Short ,
BTCUSD: Possible short
207 2 6
BTCUSD, 240 Short
Possible short

One more short opportunity.

hopscotch hopscotch ZOU2017, D, Long ,
ZOU2017: Oats Gartely
7 0 6
ZOU2017, D Long
Oats Gartely

September Oats is building out a bullish Gartley pattern. A tombstone appeared today and a previous sell off suggesting a downward plunge. Next downside target is through R1 and towards pivot at 268. Open interest is rolling downwards. Oats needs to break R1 resistance and stay under to be favourable. Breaking and staying under the 20 day moving average would make ...

renegadetrader8 renegadetrader8 PRO ETHEUR, 360, Long ,
ETHEUR: e t h / e u r (on kraken)
70 2 3
ETHEUR, 360 Long
e t h / e u r (on kraken)

for me, a buy here at 171.30 and a profit target at 267.00 (+95) and a stop loss at 100.00 (-71) F. Normandeau

MaryJane MaryJane GWPH, D, Long ,
GWPH: Kissed Pivot Resistance
68 1 9
GWPH, D Long
Kissed Pivot Resistance

GWPH reached an interesting trading Point: We are trading near the former Breakout-Level (110.75$) - here is also based the EMA 200 and the actual midterm downtrendline. If GWPH could break this resistancecluster a buying wave up to the AllTimeHigh could be initiated. If this clustercan not beovercomed, a ip down totheformerlow should beexspected (93,5)

Dukascopy_Analyst Dukascopy_Analyst USDDKK, 240,
USDDKK: USD/DKK 4H Chart: Channel Down
13 0 7
USD/DKK 4H Chart: Channel Down

USD/DKK 4H Chart: Channel Down The American Dollar is losing value against the Danish Krone in a three week long descending channel. Formation of the pattern began shortly after the Greenback depreciated by 1.55% on June 27. In the second half of the yesterday’s trading session the currency exchange rate has bounced off from the channel’s bottom trend-line, ...

Dukascopy_Analyst Dukascopy_Analyst HKDJPY, 240,
HKDJPY: HKD/JPY 4H Chart: Channel Down
9 0 7
HKD/JPY 4H Chart: Channel Down

HKD/JPY 4H Chart: Channel Down The Hong Kong Dollar is depreciating against the Japanese Yen simultaneously in medium-term and short-term descending channels. The junior pattern represents a second rebound of the currency exchange rate from the upper trend-line of the senior formation. It seems that in the early Wednesday morning the pair has already ...

Bonavest Bonavest PRO NZDUSD, D, Long ,
NZDUSD: Return of the Kiwi?
159 2 5
Return of the Kiwi?

This is a very optimistic view of the NZD. This assumes the US Dollar continues its run down. I think the TP1 is much more probable in the coming weeks and at a little over +100 pips I am ok with that.

awolfkin awolfkin PRO ETHUSD, 60, Short ,
444 1 11
ETHUSD, 60 Short
ETH Short

Elliot wave 5 seems complete. Expecting an ABC correction with a target of at least 170

hopscotch hopscotch HEQ2017, D, Long ,
HEQ2017: August Lean Hog
12 0 2
HEQ2017, D Long
August Lean Hog

August Lean Hog has created a bearish flag today. Looking for fall through pivot at 81.7 and then to 79.825 which is a major support area for hogs tracing back to Feb 21, 2017. S1 may become a support area to another run up. If Pivot holds uptrend may form for possible double top. Hog index is still rising. This is still a bullish market. Initial Bullish butterfly ...

DaxiDriver DaxiDriver PRO GER30, 120, Short ,
GER30: Watching Reversal
362 14 8
GER30, 120 Short
Watching Reversal

Good morning Trader. Did US hit first top and reversing now ? We will watch that closely. Assuming it is the case first TP is printed. BUT, is the guys @ us still bull for today we might see daxi goes up . So im bearish for the morning, But use stops to lock in profit

chris333 chris333 EURUSD, 60, Long ,
EURUSD: Go long EURUSD on close above Pivot high
123 0 12
EURUSD, 60 Long
Go long EURUSD on close above Pivot high

If market price closes above the Pivot high level, go long. Action to Take: go long by entering stop entry order; or timing an entry based on short term charts with a limit order or market order. Take Profit Level: 114865 Stop Loss Level: 114073 Additional Factors: Total Risk of Account Equity: 2% or less

Dukascopy_Analyst Dukascopy_Analyst USDPLN, 240,
USDPLN: USD/PLN 4H Chart: Channel Down
26 0 4
USD/PLN 4H Chart: Channel Down

USD/PLN 4H Chart: Channel Down The American Dollar is depreciating against the Polish Zloty simultaneously in two descending channels. The junior inner channel formed after the currency pair bounced off from a combined resistance level set up by the senior pattern’s upper trend-line and the 100-hour SMA. In the first half of Monday the rate is expected to ...

CapMoore CapMoore EURUSD, D,
EURUSD: Price Hit The Monthly R1 Target. What Next?
88 0 4
Price Hit The Monthly R1 Target. What Next?

The pair has moved harmoniously upward since the beginning of the month, with a pullback to the new weekly pivot point before heading higher. This has given us some great trading opportunities. This smooth ride is more typical of a trending pair than a rangeing, so we might have to regard the bullish trend on weekly timeframe as legit and use it for guidance on ...

DaxiDriver DaxiDriver PRO GER30, D, Long ,
GER30: Edging on ICE
310 3 9
GER30, D Long
Edging on ICE

Good morning Traders. How was the weekend ? Another trading week will start soon. so let's dig in. The daily chart look's BULLISH. with US new high, looks like we heading towards 12730 - 12750. BUT before we run and buy, we should look deeper The 2hr chart is more BEARISH, so we can expect so some sell before US market opens. not to mention that US might sell ...

Dukascopy_Analyst Dukascopy_Analyst USDCHF, 240,
USDCHF: USD/CHF 4H Chart: Channel Down
23 0 1
USD/CHF 4H Chart: Channel Down

USD/CHF 4H Chart: Channel Down The American Dollar is losing value against the Swiss Franc in a medium-term descending channel. The pattern started to form practically two months ago after a three day long depreciation of the Greenback, which put the currency rate below the 55-, 100- and 200-period SMAs. In the end of the previous week the pair has reached ...

hopscotch hopscotch PAU2017, D, Long ,
PAU2017: Palladium Bullish Cypher
19 0 7
PAU2017, D Long
Palladium Bullish Cypher

September Palladium is showing some signs of more upside in a turn around at 839.4 rejecting a fall to 820. Upside target is 878.05 if bulls can put Palladium above the 20 day moving average at 853.2. Looking for a double top outcome at 897.8.

Dukascopy_Analyst Dukascopy_Analyst EURCAD, D,
EURCAD: EUR/CAD 1D Chart: Channel Down
22 0 4
EUR/CAD 1D Chart: Channel Down

EUR/CAD 1D Chart: Channel Down The common European currency is trading against the Canadian Dollar simultaneously in long-term and short-term descending channels. The junior channel represents a rebound of the currency exchange rate from the second reaction high of the one and a half year long senior pattern. In the long run, the pair is expected to climb ...

ender.genom ender.genom NZDUSD, D, Short ,
NZDUSD: BUY NZDUSD for retest chnnel + SELL .7385
39 0 10
BUY NZDUSD for retest chnnel + SELL .7385


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