So in our handle we have top supply waiting to reject price and minimally we have price being supported above the daily pivot point - price is also riding high above our pivot trend channel. So while above the pivot trend price remains a buy if we lose trend considering the pattern - I would be looking for a reentry on the bottom demand for long.
While yen remains below the daily pivot and pivot trend - price is short - a break above top pivot trend would cancel short plays. Supply is sitting on top of pivot point see if that will keep price down. Pivot trends are dynamic and change with the daily pivot point.
The biggest issue with price right now is the daily pivot point came in lower, meaning our price action today could not overtake yesterdays average price. Supply sitting above and demand below the pivot trend. Looking for price to remain above the daily pivot and trend to remain long
Pivot trend lines are dynamic and constantly changing with the daily pivot point. Please see chart for explanation. We are looking for price to stay on top of the channel any price dips into channel are considered buys unless bottom trend line is lost. Daily pivot point trumps - price must hold above.
Pound losing daily pivot point low and falling out of trend looking for retest of the three supports below at significant levels. If pound maintains above the daily pivot point and comes back out of trend channel it remains a long. Pivot Point trend lines are dynamic in that they change with the new daily pivot point.
Pivot trend lines are dynamic in that they change with the new daily pivot point. Euro is at bottom trend looking for it to hold and retest the daily pivot point - failure to cross above the daily pivot point will send price to bottom trend with potential to break downside. While price is above the bottom trend line it remains a buy - a close below will void the long play.
Yen remains bearish below the 4hr pivot point and the 4hr pivot point trend line. We still need the pivot low to hold to support a move up and price to start breaking the 4hr pivot point - looking for a close above 114.65 to challenge the daily pivot point at 115.04
Price broke low off of a failed slope and formed a pivot low fail - higher low. For price to advance we need this pivot low fail area to hold price - a break below will need a review of left side of chart to identify demand and new low target. Immediate price action we are interested in the price action in the black circle whish we need to tear down into lower...
Yen is sitting on the daily trend line below the daily pivot - a break below the daily trend should bring a challenge to the break out of the cup and handle play which is also demand. A break above the daily pivot will bring price back to R3. The chart contains the source code for auto pivot trend lines so they do not have to be drawn by hand. If you want the...
My bias is for Aussie to find support on the new monthly pivot. This is the first time in months Aussie will be opening above monthly pivot - last attempt saw gap below on open - it will have a roof of the weekly pivot, but the weekly pivot is higher again this week from last week. There is lots of traffic for price to move up trends and pivot points - plus price...
Kiwi - price hemmed in by monthly trend and monthly pivot above - weekly pivot and trend below. Pattern is a double bottom with handle - once price breaks handle - demand areas above more then likely will be taken out. Price will be hunting support at the weekly pivot and weekly trend. Alternatively if price is lost below handle then pattern has failed
This is a chart that I hope can consistently be set up the same way. There is daily pivot points and 4hr pivot points on a 30 min timeframe - looking at one week of data. The first compressions found in the new day comprise the compression - for break outs - this is the only time the compression appears. The X is drawn from R1 S1 and vice versa - they will help...
Short term sell - basically price is looking for support at S3 and bouncing to or near the next day daily pivot - as low and close is undetermined and price volatile the projected fib could be off substantially. Price is below the 8 hr trend and broke low out of a compression pivot set. Target missed JP pivot far left. Compression pivots are new just like the...
Price was rejected at the monthly pivot and weekly trend line. Price presently sitting below the 8 hr trend line and weekly trend line. Price also opened below the daily pivot. If price closes below the daily trend and weekly pivot there will be no obstacles to block fall to demand at .7208 which is also the S! of weekly and monthly. The alternative is price is...