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Monthly Pivots

VETUSDT is testing the monthly support The price is testing the monthly level after a breakout from the daily support. On the 4h timeframe the price lost the dynamic support inside the descending channel. How to approach it? The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
GBPNZD UPDATE Welcome back! Here's an analysis of this pair! ** Just a quick update on GBPNZD - it rejected at previous monthly highs (2.0050-70) where we expected selling pressure to come in, however we may see the price come back up during NY Session. We recommend not risking more than 2% of your entire account balance and use your risk wisely. Banks may push the price to take out liquidity and turn it around. You'll notice the high from June 21, 2001 which was due to an economic event, but we doubt the market will re-test this far up. Only risk what you can afford to lose! Big sell coming soon (in our opinion). How are you trading GBPNZD? Let us know in the comments! COMMENT, LIKE, and FOLLOW for more! :) Brian & Kenya Horton, BK Forex Academy GBPNZD previous analysis www.tradingview.com
by BKTradingAcademy
2
GBPNZD Bounce from Monthly HighsWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** GBPNZD is strongly bullish, however, it's approaching previous monthly highs from July and August 2021. Massive selling pressure appeared from the level taking the price from 2.0000 zone to support at 9813. We expect a bounce from the previous monthly highs to first target of previous key support at 9820 area, and second target 9700 zone. If you use our popular B-Swing Strategy, simply follow the entry criteria rules and use strategic risk management. Pip pip HOORAYYYY! :) Keep this pair on your watchlist and enter when the entry criteria of your strategy is met. COMMENT, LIKE, AND FOLLOW for more! Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
4
LOONIE Likely to target 1.24500 region as a consolidation move!Price seem to be supported by S2 MONTHLY PIVOT. A potential break of trendline could lead the price to aim towards descending trendline located at the area near S1 MONTHLY PIVOT. For the criteria to meet, The 4H candle needs to close above the trendline and 4H 50 EMA. After this the RISK TO REWARD needs to be evaluated based on WEEKLY pivots. This move is likely just a consolidation move as the LOONIE looks to retrace slightly to a concrete psychological resistance at 1.25000. Downtrend is still in play as the currency is supported by commodities prices. This is just my analysis and its not a trade signal. shall the the criteria meet I shall post the trade instruction in a new post.
Long
by FX618Analysis
USDJPY too overstretched! Correction Likely to Occur USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where the prices might likely reverse for time being. Also on the chart an ascending channel is visible and MONTHLY pivots. A confirmation which is needed here would be the following: 1) break of ascending channel 2) Close of 4H candle below the 4H 50 EMA 3) close of D candle below R2 monthly pivot After all the above criteria have met, its important to know that the initial target would R1 MONTHLY PIVOT (112.500). However since this trade is on 4H timeframe, an extra caution is required which would be to notice where the weekly pivot pointS are located when the trade criteria has met. Combining all these, the risk to reward ratio evaluation is required and SHORT trade can be placed. Note: This is just my personal technical analysis and its not a trade signal. The trade signal would be posted on an entirely different post shall the trade criteria meet.
Short
by FX618Analysis
BTC..be careful herenotice the monthly pivot "next pivot" coming in at 37k. It is likely price tests the next monthly pivot. how likely? the last 54 of 56 (at least) monthly pivots have had price reversions to. it could come in at a higher point and retrace from higher with this last day of price action though. which could get bullish and raise it up. or it could get lowered. point being... no need to rush into a long position. wait for a proper retrace. using camarilla pivots and CPR
BITSTAMP:BTCUSD
by Gunslinger2005
2
NEOUSDT is testing monthly resistance 🦐NEOUSDT is testing monthly resistance, after a nice breakout from the descending channel. IF the price will have a breakout and flip the current monthly resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Where Euro turns?As you see if price breaks monthly A or C pivots (of Fisher's ACD system based on opening range) it usually turn at classic monthly R1, S1, sometimes reaching R2, S2...and very rarely S3, R3 (in case of extreme volatility as with covid or some major crisis). Why so? Bcs most American institutional traders use floor pivots for targets. BUT keep in mind we are in the end of the month and June 2nd we will have new monthly opening range and new A and C pivots. Today bullish move stopped at monthly R1. I suspect price will return to A pivot. This system is great trading map.
Education
by ICFX