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.
stevenich stevenich APRN, D, Long ,
APRN: Gap close Limit Buy
5 0 2
APRN, D Long
Gap close Limit Buy

Gap Close Limit Buy @ 7.50.

Dukascopy_Analyst Dukascopy_Analyst EURRUB, D,
EURRUB: EUR/RUB 1D Chart: Rising Wedge
19 0 3
EUR/RUB 1D Chart: Rising Wedge

EUR/RUB 1D Chart: Rising Wedge The common European currency is appreciating against the Russian Ruble in a four month long ascending channel that has recently began to transform into a rising wedge. Formation of the wedge began, when the currency exchange rate tried to slide to the bottom trend-line of the channel for the second time. During the ...

Dukascopy_Analyst Dukascopy_Analyst EURJPY, 240,
EURJPY: EUR/JPY 4H Chart: Symmetrical Triangle
65 0 2
EUR/JPY 4H Chart: Symmetrical Triangle

EUR/JPY 4H Chart: Symmetrical Triangle The ECB President Mario Draghi’s speech last week caused a lot of anxiety in the markets and pushed the Euro into a symmetrical triangle against the Japanese Yen. The pattern has already two reaction highs and two reaction lows, which means that the current round most probably is going to end with the breakout. An ...

renegadetrader8 renegadetrader8 PRO XRPEUR, 30,
XRPEUR: xrpeur..snoozing and this is a surprise for a crypto firecracker
52 0 4
xrpeur..snoozing and this is a surprise for a crypto firecracker

at the moment... UCS Pring indicator Is in the positive territory but the volume indicator Is below the critical volume threshold therefore the volume is too low for an interesting movement and ADX indicator is unconvincing because the selling force (red line) is a bit above the purchasing force (green line) so, sellers are stronger than buyers. Verdict: ...

CapMoore CapMoore EURUSD, 240, Long ,
EURUSD: Price May Gravitate To the Yet Untraded Weekly Pivot Point
61 0 2
EURUSD, 240 Long
Price May Gravitate To the Yet Untraded Weekly Pivot Point

Price has halted and is consolidating around Monthly R2, but we may see a test of the yet untraded Weekly Pivot Point before any upward action. Weekly Pivot Point stands at 1.1593. This might be a good level, if supportive, to long or add to longs, aiming for Weekly R1 at 1.1752 and above that Weekly R2 at 1.1840 and Monthly R3 at 1.1862. A taking out of ...

johnyb0223 johnyb0223 PRO USDJPY, D, Long ,
USDJPY: USD/JPY Simple Price Action Reversal
75 0 3
USD/JPY Simple Price Action Reversal

Good preceding trend. Look for indecision candle forming in the support area and wait for close of an indecision candle. Enter trade with a new high above the indecision candle. Set stop on the bottom side of the support area

chris333 chris333 EURUSD, 60, Long ,
EURUSD: Go long EURUSD on close above Pivot high
127 0 14
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 USDDKK, 240,
USDDKK: USD/DKK 4H Chart: Channel Down
18 0 8
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 8
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 EURUSD, 60, Short ,
EURUSD: Short on the Short Term
179 0 5
EURUSD, 60 Short
Short on the Short Term

Just a quick trade after our run up from the bottom of the trend channel on the 4 hour chart for the last 10 days or so.

renegadetrader8 renegadetrader8 PRO ETHEUR, 360, Long ,
ETHEUR: e t h / e u r (on kraken)
153 2 5
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

Harvey.Specter Harvey.Specter EURAUD, 240, Long ,
67 0 6
EURAUD, 240 Long
LONG TO 1.4885


hopscotch hopscotch PAU2017, D, Long ,
PAU2017: Palladium Bullish Cypher
34 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.

PivotPoints_ PivotPoints_ PRO EBAY, 3M,
EBAY: EBAY - Solid break through R2...
24 0 3
EBAY - Solid break through R2...

...but Fibonacci resistance just ahead.

hopscotch hopscotch HEQ2017, D, Long ,
HEQ2017: August Lean Hog
21 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 ...

b3n882 b3n882 PRO AUDNZD, D,
AUDNZD: More downside to come but buyer may fight back
49 0 5
More downside to come but buyer may fight back

Weekly and Daily PA is very bearish and price will slight down further. Watch 1.054/1.045 as these are the area where bull may fight back.

hopscotch hopscotch ZOU2017, D, Long ,
ZOU2017: Oats Gartely
16 0 7
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 ...

Bonavest Bonavest PRO NZDUSD, D, Long ,
NZDUSD: Return of the Kiwi?
306 2 7
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.

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