There is a Minor Pivot Stack in place that is looking quite supportive of Crude Oil.
The market has rallied nicely to these levels and still looks strong despite the recent bearish trend.
With a potential profit target at 59.06 this makes for a good risk reward trade.
Go long if the price rallies through 53.35 and place a stop loss at 50.48.
Trade the ...
The Euro Canadian Dollar may have more left in the move down.
Although the market has sold off significantly there is a well compressed Minor Pivot Stack formed which is providing a good resistance range against the price retracing back up.
Sell into weakness and the downtrend at 1.50980, then place a stop loss at 1.52840. This makes for a good risk reward ...
The Nasdaq has a good setup for a rally. The overall price action has been supportive and with the Minor Pivot Stack in place this bodes well for a push higher.
The Monthly Pivot Range is close underneath which almost formed a Super Pivot Stack.
With the Daily Pivot Moving Averages turning up, this could be a significant move. Go long on strength ...
The Yen looks poised to rally. On the Hourly chart a good setup with excellent risk reward is setting up.
If the market can show strength through the swing high, all Pivots are aligned for a strong support launch.
Go long if the market trades through 108.63 and place a stop loss at 108.34. Take profit at 109.39.
Bitcoin has sold off strongly and it may not be over yet. The leading coin found its legs and support was established around 3503 on the Bitstamp Exchange.
But don't get short until the price can confirm further weakness. The market may rally here first and then meet resistance amidst the Super Pivot Stack that is now intact.
If price trades through the previous ...
By the looks on the chart the price action looks poised to sell off again.
There is a Super Pivot Stack providing strong resistance now that the market has sold through these levels yesterday.
The new Weekly Pivot will be out soon and this will come down to provide an even stronger resistance.
Go short if the price trades through the current session low ...
The CAC40 looks like a nice setup with the bias still supportive to the upside.
However, the price will need to get above yesterday's session high which is just above the Monthly Pivot high.
Go long if the price breaks above 4852 and place a stop loss at 4673. The profit target is at 5108 for a good risk reward trade.
The U.S. stock markets have rallied nicely after last quarter's end of year route.
This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs.
With a Super Pivot Stack in place the price action suggests a move higher from here. At the ...
The Pound looks like it could move higher off the current Super Pivot Stack support.
What makes this convincing is it appears to be a key reversal off the Hammer candle with the rally through all pivots, particularly the Monthly Pivot.
Go long, only on strength, if the price breaks out at 1.28020 and place a stop loss at 1.26140 and a profit target at 1.31610
The Euro has had a tough time finding a sustained trend lately. But we now have a Super Pivot Stack formed this session.
Look for support at this level to hold and to move off these Pivots shown on the chart.
As usual we wait for strength to confirm the move and go long the breakout at 1.15030. Place a stop loss at 1.13740 and profit target at 1.17740.
HOW DO ...
There is a clear setup with a Super Pivot Stack in place. Our bias is to the downside and there is a lot of resistance above our current price levels up to .90188.
Go short if the price breaks .89390 and place your stop loss at .90210. Shoot for a profit target at .87090.
The new Weekly Pivot will be out and the setup shows continued resistance within a Super Pivot Stack.
This type of setup is typically a very reliable one, with all the pivots stacked together.
Wait for confirmation of weakness to sell at 1.11820, then place a stop loss at 1.13460. Shoot for a profit target at 1.08530 for a good risk reward ratio trade.
Well, of the major cryptocurrencies, it seems Ethereum is showing the most promise at the moment. However, many times our hearts have been broken by our favorite cryptos, so with that in mind, let us not get too attached to the promise of profits in this setup.
In other words, this market will have to prove itself like any other, and not pull us into a hopeful ...
There is support for the near term on Litecoin. With a recent uptrend and some consolidation the bias is to the upside if we can get above the recent high of last week.
Longer term support is also intact with the new Monthly Pivot Range now below the current price.
For a pop to the upside go long on strength at 33.94000000 and a stop loss at 29.21000000. Place a ...
The Euro New Zealand Dollar pair has a short opportunity if you can break below the low for the last hour.
Current price is below the Daily Pivot and bias is shifting downward but needs confirmation by pushing lower.
Go short at 1.7024 and place a stop loss at 1.7095. Shoot for a profit target at 1.6905.
Trail your stop loss to breakeven if price moves to 1.6970
The 60 Minute chart has a buy setup if the price can break above the session high.
A nice hammer candle is also intact from the last hour and the Daily Pivot Range is supportive.
Buy if the price breaks above .99020 and place a stop loss at .98570 with a profit target at .99620
Although we look like we're due for a correction after the recent long trend upward, we can never be sure the market will not do the unexpected.
With the Monthly Pivot Range quite a bit higher now, at the start of the new year, this provides a good support to lean against and remain biased to the upside for the longer term.
We must be prudent and wait for the ...
With a highly concentrated set of pivots forming a Minor Pivot Stack there is good reason to be on standby for a good move.
The Monthly Pivot Range has now come down with the new month starting and this will provide longer term resistance. Therfore our bias will remain neutral to down.
If the market can weaken through the current set of pivots it is sitting ...