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Pivot

Looking for an EntryHi traders, before bedtime, I cleaned up my chart and only kept what seems relevant to me at this moment. The Support / Resistance zones are pretty much self explanatory and the blue Downtrend Line is based on 2 Pivot High Points. Tomorrow I will start going in more detail on this chart and try to find out if we can find a possible entry for either long or short. It's pretty obvious why I'm not holding a position right now. I will post updates on this chart as comments on this one, so I don't pollute the ideas stream. Leave a comment with questions or remarks if you like and if you agree, feel free to give me a thumbs up. This is not financial advice, but meant for educational purposes. As always, Do Your Own Research! Happy trading :-)
BITMEX:BTCUSD.P
by jurlvarg
XAUUSD: Gold Short with good pip potential and high rewardsGold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds. As shown on the graph we have been seeing lower highers and lower lows on the hourly, creating a descending, closing channel. It has twice rebounded off the pivot point which is the reason for taking partial profits but overall has a great potential to reach 1600 and below in the event it breaks to the downside, and if not plenty of profit will be banked regardless. Keep in mind Donald Trump is speaking later today and that can create unpredictable volatility so suitable risk should be used.
FX:XAUUSDShort
by benaston50
Long USOILi believe it could be long or short depending on what thats plays out I am initiating Short if: . Breaks wedge downwards . making a double top . breaks the 1 day trend line (yellow) heading back towards the bottom of the channel .breaks the RSI trend line heading for the bottom . breaks the pivot point which is located on one day trend line (yellow) I am initiating Buy if: . Stays above pivot . Breaks R1 pivot and ascending wedge for a blow out . bounces off of RSI Trend line Trade with caution it is never 100% correct If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading hope this goes as planned like my other idea i posted which turned out very successful Thanks Lewis
TVC:USOILLong
by lewis118
2
#bitcoin - Weekend with M-R2 as Resistance and Yearly as SupportGood evening, looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above, is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area. Currently the Monthly R2 Pivot is in the way of price increase. The January still is not over so not saying anything too early, but history (again) might not repeat. Everything important is as usual automatically marked for you. Have a great trading weekend. Neru
BITMEX:BTCUSD.P
by Gl4diator
2
#eurusd - Weekly UpdateEuro/Us-Dollar is currently facing a huge resistance zone between the key-level and the new Yearly Pivot 1.117 and 1.122. It has overcome a major trend line on the weekly and forming a bullish higher-low pattern. This area is crucial for the mid- to long term development upcoming. If this neckline area get´s broken upwards and passing the Yearly Pivot, things look much brighter for EURUSD (solely technical, ignoring fundamentals) Due to the fact, overall market is rather green nature, we need to see if this mentality can be established during January. As usual I marked the next relevant levels for you. In case this does drop a little, please watch out for the red trend line below the price for possible short opportunities. Neru
by Gl4diator
1