NZDUSD Running nicely in profitOur NZDUSD Short is running nicely in profit! As covid cases in Australia increase the pacific currencies have taken a hit today.
Pivot
Are there worms in the Apple? #stocksApple has been a great holding in the portfolio from 109 but has had some selling in recent days near range highs. For now I will remain long and will use 123 as my pivot area. As long as we hold above 123 I will be looking for continuation of the trend to the upside. Below 123 we could see a bigger reversal down into the range. Apple will obviously be closely tied to the SPY and QQQ which are having bad days but are above pivot support. For all, trends still point higher but as we approach key levels it is important to remain vigilant.
Sell and look for next buy entry (SWING)While the pair is finding rejection DXY found major support from bottom. I sentiment a short sell off to pivot off main supports I mapped out. Sell could be a short scalp with pivot off first support.
One could be safe and only enter a buy at the next support pivot. My overall sentiment is a push to 1.25000 high as it did in Jan 2018 as I have been preaching. At these levels we are psychological. Many traders are confused many COVID sentiment which is why it is important to have psychological level knowledge to your trading.
Study chart and wait for safe entry. Please comment with thoughts and ideas. Thank you.
Technical buy off supportThe pair is finding support at a previous pivot. MACD and signal have made a cross with RSI gradually exiting oversold zone. Volume for both currencies are high with CAD having slight edge.
TP as shown as chart. A MACD divergence may lead to support breach and SL to retest lower support.
Please comment with thoughts and ideas. Thank you.
fib pivot line macd can make money first i specify which direction the trend is going Ascending or descending Then looking for moving average for signal then looking for secret divergence and .....
EDUCATION: Pivot LevelsHello, dear subscribers!
Today we are going to talk about one of the most useful indicators in cryptotrading - pivot levels(points). We have already considered the lagging and leading indicators and decided that the second one is the most valuable.
Definition
Pivot levels is the leading indicator which define the potential pivot levels for the next trading period (in our example - month). The formulas for the levels calculation you can see on the picture. It is known that when the price is up of the central pivot - the market is in the uptrend, if the opposite - in the downtrend.
How to trade with pivot levels
It is great to use pivot level with some lagging indicator to confirm the entry points. This indicator can give the information about levels when the price can bounce off or reverse. You can see the points with small red arrows where the price bounced off pivot levels and went down after it - this points can be used for the short position. The green arrows demonstrate the potential price growth points. But there are also a lot of breakpoints (blue circles), to avoid the trade execution next to these point you need to use some confirmation with lagging indicator.
Summary
1)Define the trend direction
2)Open short if downtrend, long - if uptrend
3)Define the entry points next to pivots
4)Find the confirmation with some lagging indicator to avoid the pivot break points
5)Execute the trade, set the sloploss level
Good luck!
DDOG, Closed above 50MANASDAQ:DDOG closed above the 50MA and next pivot is 118.13. It has a good setup to give an approximate 16% profit.
How to use yearly pivotsYearly pivots are among my top favourite tools.
Nearly all the major reversals or rallies stop or turn at yearly pivots.
You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it.
You can observe it for yourself on this EURUSD chart.
When price is above yearly pivot target R1 if below target S1. Watch also Yearly Midpivots (they are also very important).
It is good to use long term moving averages along with yearly pivots to detect the long term trends.
To apply yearly pivots use - choose "pivot points standard" then choose yearly classic, set period to 2 last years, unclick R3 S3 as price rarely makes it those (unless it is a super volatile pair).
For mt4 you can download free indicator "yearly pivots".
Good Luck!
Double top pattern and resistance lineOANDA:EURUSD
There is a divergence in 4 hours and 1 hour. And the price is in a very important zone. After breaking the trend line and also the neck line, I enter the position.
yfi swing. monthly pivotyfi monthly pivot coming. pretty high up. usually gets tested. tight stops or ladder for swing
UNI monthly pivot retrace swing scalp upbear in mind there is still a day or two for that coming pivot to change. if it keeps going down so will the coming pivot
bear in mind... that these alt pivot swings upward. are contradictory to a bitcoin pivot downward.
so with that in mind. the question is. after the monthly close. does btc play some upside maybe to new monthly H3 while alts hit their pivots. or does btc head straight for its new monthly pivot as alts all hit their new monthly L3s or lower and then they swing upward.
both scenarios possible
BTCUSD | Will $13 000 level withstand?Bitcoin made rapid growth impulse to a new local ATH $13 863 yesterday morning. However the rest part of the day was quite negative as to cryptocurrency so as to stock market. The closure of the trading day brought the worst single-day decline in nearly two months, causing the richest people in the world to lose over $14 billion in net worth.
Today Bitcoin has rapidly penetrated broadening wedge and felt into the ascending parallel channel which it followed the whole last week. We mentioned this event in the last update to BTCUSD trading analytics which finished with 2/2 swing trades completed.
Currently Bitcoin has touched the channel and pulled back while the S&P 500, the Dow Jones, and the Nasdaq continue to plunge. We forecast the following price action may occur further. You can see forecasted bars at the chart.
In case forecast performs accurately, Bitcoin should retrace to $12 910 level where a local pivot will be formed so we set a buy order at this point. The pivot is confirmed once price crosses $13 100 until this moment we will keep a tight stop loss below pivots bottom which should be located at $12 840
USDJPY DAILY TIMEFRAMEHello traders, Here is the full analysis for this pair... pairs in the box of range and I think we have a short move to static support . *Support this idea with a Like or Comments if you find it useful* ... Thank you
Salesforce.com - Potential Bullish PivotHey Traders!
Salesforce.com NYSE:CRM has been on my radar today and according to my studies... CRM is giving off a strong bullish signal according to where the price is relative to the Bollinger bands and Keltner channel. I drew a few dots on the chart above to highlight the areas of interest so you can see what I look at. The Cyan dot is just to locate the price when it is between the lower Bollinger bands and Keltner channel, this is the area where I start paying attention for a bullish trade setup. The Magenta dots are for when the price is between the upper Bollinger bands and Keltner Channel bands and is when I start looking for a bearish trade setup. I use the white dot as an entry signal as price has come back within the Keltner channel. White dots following the cyan dots are bullish entry signals, whereas white dots following magenta dots are bearish entry signals. The entry signals are what I consider to be pivot points where the stock may begin to change direction.
However, this strategy does generate false positive signals from time to time. As an attempt to avoid false entry signals, I take into account the trend of the stock. The stock has been trending upward the last 90 days with a net change of +33% (based on closing price 06/19/2020). Therefore, based on the indicators and trend, my assumption is that CRM could move higher. Ideally, I would like to see CRM reach $260 per share within the next 14 trading days... but who knows what could happen.
Keep in mind: The days surrounding the outcome of the U.S. election, market fluctuations, and unexpected news events can send CRM in an unfavorable direction. This idea is not a call to action, nor should it be considered investment or trading advice. The ideas expressed on our TradingView page are for educational and entertainment purposes only.
Leave us a comment below! - Are you bullish or bearish on Salesforce.com?
BTCUSD DAILY TIMEFRAMEHello traders, here is the full analysis for this pair... pairs in the uptrend channel and I think its gonna touch dynamic resistance and then a short opportunity to static support for this pair. *Support this idea with a Like or Comments if you find it useful* ... Thank you
AUDNZD oversoldOversold conditions are optimal, with a probability of reversing
Wait for a confirmation at least one candle above the broken trendline.
Same trading tactics.
#EWT bounce soontrading inside a falling wedge & close to S2 support on Pivot points, also we have bullish divs in the making, waiting on daily close but once we break resistance trendline should see good move
GBPJPY: Analysis *Daily POV*I made a post about the head and shoulder earlier last week and price rose as I expected. Price has hit a pivot point and is now going towards the bears and i think price could reach the black median line in the box below and either keep falling until the blue support level below just below the head of the head and shoulder formation or rise from the median making a new high for the month.
