Price is below the weekly pivot and weekly trend, presently at minor demand. Two nicer demands sitting below. Price may head back to supply - bottom of supply 1.3669, top of supply 1.3735 - large zone, a break above supply voids a further short play. If supply holds then next demand is in play - top of demand 1.3418 - 1.3341 bottom of demand.
Price below the pivot channel and trend. Looking at possible new demand to support price move up - targets above - break below the demand voids long play
Price is being supported at the price break and the depth of buyers below - presently below the daily pivot and pivot channel. Two untested supply levels above I think price will move to. Price has passed one supply level making new highs - so I think there is enough reason to long the pair to .8390. Looking for .8140 to hold price - price break demand below....
Price is being supported by demand presently. Above daily pivot and on top of pivot channel. Two supply areas above. Looking for 1.4318 top of demand to hold targeting 1.4416. Bottom of first demand is 1.4297. Major trend remains down so we need some confirmation price is starting to move up - increase in average price on the daily - looking for higher daily pivot point
Presently price is being rejected on supply zones and building lower demands which are falling away. My blog on Trading with pivot points and pivot point trends here on TV covers supply and demand on euros present price action. Im following along with an 8hr pivot trend. Major demand zones below
Pivot trend lines are dynamic and change with the new pivot point. Price is currently above the daily pivot along with the 8hr pivot. We have three price blockers below weekly pivot and two pivot highs. Three supply zones above. Potential pattern in play. Price is presently in the pivot channel - do not want to the bottom trend lost to price. Looking for price to...
Pivot trend lines are dynamic and change with the new pivot point. Full Price break down is on my blog here on TV under trading with pivot points and trends. chat. Price is at the yearly pivot point. We have a demand and yearly pivot point supporting price. Three supply areas above.
Pivot point trend trading are dynamic lines which change with the daily pivot. Swiss is sitting at an interesting level. Weekly pivot at .9798 supply at .9819 - higher levels of supply are above.Price is breaking into the channel - If the weekly pivot holds along with the supply level then I would expect a retest of that low at .9669. If we break supply then we...
Pivot trend lines are dynamic and change with the daily pivot point. The daily pivot point is now higher then Fridays and the 8hr trend is riding above it. Price is sitting above pivot trend channel. Looking for price to be supported by demand below to move price higher. There is a tentative pattern in play - supports/targets above. Pivot trends and points along...
Pivot trend lines are dynamic and change with the new daily pivot. We have the 8hr pivot point trending higher and now above our daily pivot point. We expect sundays daily pivot point to be higher then todays - three supply areas above plus yearly bottom trend line. Pivot high at bottom supporting price up - three retrace targets below for entry long and price is...
Trading with pivot points and pivot trends - alot going on in this chart of which I have put little into supply and demand /price action as the information would be overwhelming - simple idea - as soon as the 8hr pivot point appeared under the daily pivot point - price became a sell...or it became a buying opportunity as you can see the daily pivots are forming...
Nobody likes to buck trend - so maybe a retrace. 8hr pivot points are above daily pivot point - always good. So price is below daily pivot but at demand and at yearly bottom pivot point trend. What I would hope to see is a break of the daily pivot point first second a challenge of that pivot low and third a higher daily pivot point tomorrow. Most importantly the...