A Minor Pivot Stack is in place and it is providing support for a move up.
Before going long we want to see confirmation through the swing high of last week.
Go long at 82.740 and place a stop loss at 82.740 and a profit target at 86.040.
The necessary elements are in place for a sell setup in this Euro Aussie pair.
With the Major Pivot Stack providing resistance to a move up, the price is beginning to breakdown.
Look to go short in this area or at a break through the 1.5839 level, then place a stop loss at 1.5967 and a profit target at 1.5418.
A Minor Pivot Stack is in place and the Hammer candlestick from 3 sessions ago make the upside look promising.
The market is searching for a direction as you'll notice it has trended sideways for the last few weeks.
Go long on strength above the 110.240 and place a stop loss at 109.38 and a profit target at 111.950.
Crude Oil appears to be setting up for another run up in a continuation of its rally since the fourth quarter route of last year.
A Minor Pivot Stack is in place, but the price will need to confirm strength on a move through yesterday's high first.
Then the Pivot Stack should provide a much more convincing support level.
Go long if the price trades through...
The Euro and Canadian Dollar crossrate could be setting up for continuation of its selloff.
The Minor Pivot Stack is providing resistance and the downtrend is still intact.
Again, as we almost always do, wait for weakness to be confirmed through the recent low before entering short at 1.49480.
Then place a stop loss at 1.50540 and a profit target at 1.47750,...
Despite a current short term rally in the price intraday, the market has a good setup to go short.
If the price can trade through the recent low on the inverse hammer of yesterday's session, this would be confirmation of the short trade setup.
Go short if the price trades through 1.13090, then place a stop loss at 1.13860 and a profit target at 1.11870.
The pair of down under dollars crossrate looks to be setting up for a rally.
With the Minor Pivot Stack as support and the longer term Monthly Pivot Range underneath, the setup is intact with a long bias.
Five trading sessions ago, a long hammer formed and this underscores the forming of a bottoming in price.
Hence, go long on strength through 1.05410 and...
If you like good risk reward setups, then the Yen is currently for you.
The Minor Pivot Stack is in place and supportive.
Go long a break above 110.190 and place a stop loss at 109.280 with a profit target at 112.380
The Swiss Japanese Yen cross has a good short term trade on the hourly chart.
The price has formed a good hammer at the end of this trading hour which is bullish.
All the Pivots are supportive, so go long on a break above 109.930 with a stop loss at 109.730 and profit target at 110.330
The EURJPY cross has a Minor Pivot Stack in place which is support. With the new Monthly Pivot Range intact, the price bias is to the upside.
Although the trend is nicely up, we need first, to have the price display strength by penetrating the swing high from the previous session.
Go long if the price trades through 126.003 and place the stop loss at 124.970 and...
Since my last recommendation on the AUDJPY pair was to go short, the market did not trigger through my sell point, and instead rallied.
The current price structure is the legacy of that move away from the selling level from a couple weeks back.
Now there is a Minor Pivot Stack formation with the underlying uptrend as continued support.
Go long if the price...
Australian Dollar looks strong these days with the uptrend remaining intact despite the recent pullback.
Now the trend has more legs with the Monthly Pivot Range continuing underneath in this new month.
The Minor Pivot Stack should continue to provide support as the market approaches the swing high.
Go long if the price trades through 0.7303 and place the stop...
The Silver market is revving up again for a potential move up.
A Super Pivot Stack is in place and this is a strong support level.
If the price can move above 16.21, go long, then place a stop loss 15.66 and a profit target at 17.17
The current price structure for the Swiss Franc looks to be supportive and biased to a higher level.
A long position could be justified if the price can show strength through the recent swing high.
With the Minor Pivot Stack in place as support, you can go long at 1.0003 and place a stop loss at 0.9938 and a profit target at 1.0124.
This short term setup on the Hourly chart has a very tight stack on a Minor Pivot Stack for the Japanese Yen.
Go long on or about 109.750 and place a stop loss below the MiPs, about 109.480 and a profit target about 30 pips away at 110.140.
The EURAUD crossrate is appearing bearish with a convincing Major Pivot Stack setup.
With the new Monthly Pivot Range now printed on our Daily chart we can see the resistance levels strongly intact, the series of colored circles above the current price.
Look for a selloff through the previous session low approximately 1.57160 and place stop loss...
The CADJPY pair has had a nice uptrend since the beginning of the month after the flash crash that occurred due to the New Year's holiday liquidity issue.
Now, there is a decent Minor Pivot Stack setup that looks bullish.
Go long if the price can demonstrate strength through 83.310 and place a stop loss at 82.240. With the profit target at 85.170, this is a good...
The Kiwi Dollar has a Super Pivot Stack setup, which is the highest probability setup in my arsenal.
I always try to wait for strength in an uptrend or breakout situation to confirm the move and reduce the risk in the trade.
This is not a foolproof method, and like all others, there is risk of failure at our entry point or lack of follow through.