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 DM 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.
Made another video synopsis of the past 36 hrs of XRP, saw the huge lift I had been calling for following the conclusion of the bearish move. Looking for support following this large parabolic push. Look for dips to buy into at this point. Let me know your thoughts, and good luck!
Reaching an area of interest to look for a short
late to long, early to short.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in ...
USDCAD 4H Long Oppurtunity
TP1: 1.34479
TP2: 1.34761
TP3: 1.35193
This is not investment advice
Obviously I do not use sl , adjust according to your own account
We just pierced the heavy resistence on the 4hr Ichimoku Cloud, as seen by the Green Circle. This came after we bounced right off the 200 EMA on the weekly. We're clear of the short term resistences. Next resistence on the chart is the Kiejun-sun on the daily, and the 50 EMA on the daily. That's where I will be taking profit. Still have a lot of work to do to get ...
Price is in a no man land.
Not a good time to enter.
For those that are holding short, you may continue to do so.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should ...
While it appeared a new series was starting to the downside after the break down of the triangle on Friday, I held onto my position even in face of the slew of messages I got that I should get out and re-enter at 0.20-0.24. My reasoning was simple, the daily chart didnt have a whole lot of room to move down and I still see a retrace to the 0.39-0.40 area before it ...
EURUSD H1 Strong Long Bullish
TP1: 1.13558
TP2: 1.13720
TP3: 1.13970
TP4:1.14072
SL: 1.13192
This is not investment advice
Obviously I do not use sl , adjust according to your own account
EURUSD is now testing possible reversal level where we have some pivot confluence as MPP, WPP and DR1 in the same area. The idea is a trend continuation following the break of structure last week.
hey traders,
on aud usd pair this morning we have a nice opportunity to sell the retest of a recently broken structure.
if you are looking for confirmation signals,
you can look for bearish violation of this local side move.
Stop is above 0.725.
Targets are based on structure.
You ...
PG&E is under massive headline pressure these days after being blamed for the recent California wildfires. The stock went down 60% recently and has rallied 50% off of its low of $17.26.
On Friday after the close, new headlines came out suggesting that PCG falsified gas pipeline safety records for years. Bankruptcy is definitely in the cards. When stocks become ...
hey traders,
on dollar swiss we finally see clear violation of 0.992 structure level.
though, I sold the market bit earlier selling the double top
my initial target was based on 0.992 and as the half of position closed I watched how the market would react on this level.
and yes, we ...
AUDUSDU 1H Neck Line break-out
Previous Trade Stopped at 0.7240
Now is 0.7260 which means we find a better place
to short AUDUSD Again.
Sold at 0.7262
SL: 0.7302
TP1: 0.7200
TP2: 0.7120
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