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...
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...
With a nice uptrend the last couple weeks the Euro Canadian Buck crossrate looks like it could continue. The new Weekly Pivot Range is very supportive and the new Monthly Pivot will be supportive once it shows up after the end of today's session. Go long above the swing high around 1.56540 with a stop loss at 1.54880 and profit target at 1.59800.
The setup shows good resistance from a Minor Pivot Stack above current price levels. Coupled with the Monthly Pivot soon to be released at the end of the session, and there is good probability for further selloff. Go short on confirmed weakness through today's low around 111.230 and place a stop loss above the Stack at 1.12410. Shoot for a profit target at 108.740.
With a Super Pivot Stack formed above the current price, the new month has aligned the Pivots for a bias to the short side. The strong resistance is formidable enough to give us a good probability trade by going short on weakness through the swing low of a few days ago. Place a short entry order at .97850, and if filled place the stop loss at .99060 with a...
This is an excellent example of a solid risk reward level trade that is typically presented in a Super Pivot Stack setup. You could place your sell order below the Stack and the stop loss above the stack which is usually a very favorable size range compared to the profit potential in the trade setup. You can see all 4 elements that make up the Super Pivot Stack,...
Silver market is setting up for another bullish move. There is a nice gradual uptrend that has occurred over the last three weeks. This is the lead into the recent spike up over the last week. These are all bullish signs. Now add in the crossover of the 14 Day Moving Average of the 30 Day Moving Average and you have another confirmation signal that is...
There are a few ways to view the current market conditions of the the GBPUSD. The Pivot Stack shows us the bias is bearish. You'll notice the flattening DPMA 14 Day which could rollover and cross the DPMA 30 Day, a bearish signal. Hence, we will want to place an entry stop order on the breakdown of the support level to go short. This will allow a confirmation of...
We have a very nice and supportive Pivot Stack with the WPR, DPR and 6 Day RPR overlayed on top of each other. Your entry can occur at these levels around 1.3172 and place a stop loss below the Pivot Stack which simultaneously coincides with the previous day's low. This is a good risk reward trade. But there are some risks as the price failed miserably a few days...
As you trail the stop loss with the 6 Day RPR, remember to maintain discipline by not moving the stop loss back away from the retracing market. In other words, if you raise your stop loss, then keep it there. Period. ONLY MOVE THE STOP LOSS TO TIGHTEN AND NOT TO LOOSEN THE DISTANCE. This rule applies to whatever indicator or means you are using to trail your stop...
We will want to see a retracement to find a more favorable entry. With yesterday's strong move up, it would be prudent to find a better entry on the pullback into the Pivot Stack. The support is intact and with the bullish Hammer I think this is a good Risk Reward trade. Note the downward DPMAs, but remember this indicator lags so it's ok to enter with...
This looks like a good trade with the Pivot Stack and support from other Pivots. However, the uptrend may be exhausting with the outside day candlestick as shown. The next day showed a lower low as well which is a sign the price momentum may be weakening. This is a good study to identify a mid probability trade that may not be worth taking a risk on, or at least...
You can see the move out of the support area of the 6 Day Rolling Pivot Range and Weekly Pivot Range. This is called the Pivot Stack. The closely associated pivot ranges provide a stacked range of support that is stronger together than if the pivot ranges were separated and much farther apart. *See the Legend below for the Indicator Guide* After a dip, the price...
At the start of the new session we have a convincing setup. You can see the Daily Pivot Moving Averages turning upward. The Pivot Stack of the Daily Pivot Range and the Weekly Pivot Range are key support. This is a potential launching pad forBitcoin 0.31% . However, the 6 Day Rolling Pivot Range is smack in the middle of the current candlestick body indicating...
The setup here is in a neutral zone until the market shows its hand. As you can see there are a few failed attempts to go higher above the key resistance level. The long candlewicks are a sign the market could be turning over. However there is key support on the 6 Day Rolling Pivot Range (RPR) and this gives us pause on a short position. In other words we will...
A continuation pattern is setting up for the Euro Currency (EURUSD) as we head into the start of the week. The bias remains to the buy side with the Daily Pivot Range well below our current level. Mixed in with the DPR is the 3 Day and 6 Day Rolling Pivot Ranges which is a good Pivot Stack support level. The Daily Pivot Moving Averages are turned upward and steep...
This is a short term Bitcoin rally trade off the support that has settled in over the last day and a half. We have volatility back for the time being and we will not want to risk a lot here given the price pressure. But with the rules of the system using the time factor we can dip our toe in the warming water and see if we can grab some relief rally profits. The...
This is for educational purposes only since shorting is not allowed on Binance or Bittrex at this time However this could be used as a signal for exiting your current long position and then looking to re-enter at the price targets. OK, so I know this signal may garner some criticism, especially since so many recent signals have conditional buys based on the...