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Pivot

EURUSD WATCHING MONTHLY PIVOT POINTThe euro has made another recovery higher against the US dollar, after finding strong dip-buying interest from the 1.1323 support level. The EURUSD continues to create higher price lows and is now trading back above the pairs monthly pivot point, at 1.1345. The short-term outlook for the EURUSD remains neutral until a clear breakout from the 1.1300 to 1.1400 price range has occurred. The EURUSD pair is only bullish while trading above the 1.1400 level, key technical resistance remains at the 1.1470 and 1.1500 levels. If the EURUSD pair trades below the 1.1300 level, sellers are increasingly likely to test the 1.1270 and 1.1216 levels.
by OctaFX_Official
EUR/USD - Possible LONG Entry for 1.150 RetestI am expecting a big pullback on DXY 0.68% before the december rate hike which means a re-test again of 1.150 for EURUSD -0.01% . I will be waiting for a pullback to CAM S3 before putting a long entry. Targets are CAM R3 or 1.150. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA. Good luck to everyone! ** Text bubble top right says 1.50, but I meant 1.150.
Long
by pjgonzales
GBP/USD PART 1: Weekly view, longer term, short then longThis is the first half of my GBP/USD analysis. On the weekly chart, we have some low crouching above the weekly support block, still within the optimal fib retrace zone. The red level is an important weekly support/resistance level. I think when we finally take out those lows, we'll have enough of a bounce to attack the previous highs. We have 2 plays possible right now: #1 - Short to the weekly block, which is acceptable since it's a higher time frame, this move will be around 350 pips which is great #2 - Long from the weekly block with a target of previous highs. If we get a nice bounce from the block initially it should confirm our bias. Next half of this analysis will go on the lower time frame for that SHORT setup.
by UnknownUnicorn3664665
A 100 pip short based on a support-to-resistance flipFirst of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him. I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them. I'd love to see you try to find more examples. Feel free to post them in the comments and we can discuss them! Things to look for: - Same concept applies for longs, but inverse. - The candle block you're using must precede a move that takes out a previous swing point (low or high). - If the price does retrace to that block as you expect, but starts consolidating and pushes back into it repeatedly, it could be a sign that it wants to move back through it. The market is sometimes tricky like that. Also, here's a bonus confluence factor - if you pull the fib retrace tool from the top to the bottom of the move, you can see that our block falls right between .62 and .79 fib levels. This is another good indicator to confirm your bias.
Education
by UnknownUnicorn3664665
4
WABI Broke the range, looking to pump further after retrace!Nice to see that NEBL has broken the high of the range it's been stuck in for a while. I see 3 possible optimal retracements and all of them would make sense. Upper yellow is the top of the big range and lower yellow is the top of this local consolidation. Third possible retracement is the bullish orderblock from which this pump originated. It's possible that it retraces even a bit lower but I wouldn't like to see it break any of these previous lows. Targets are previous big highs but we'll see along the way.
WLong
by UnknownUnicorn3664665
BTCUSD 15 min/4H charts (10/30/2018)Good morning, traders. I am still dealing with technical issues with our Internet service provider this morning and will most likely not be able to stream until the tech gets here later this week. I will attempt to record and upload daily videos if possible until it is fixed. After yesterday's move, price has continued doing what it has done best for the past few months - range. As mentioned yesterday, we are watching volume and price action as an indication of where price may head in the near-term. Ultimately, price has found support on the 4H S3 pivot and resistance at the S2 pivot. While volume remains low, we can see that it is increasing, but OBV, specifically, isn't convincing at this time. What is noticeable is that the drop bounced off the July triangle's descending resistance-turned-support line. We can also see that the 4H RSI has continued to remain oversold for more than 24 hours. Shorts are up only slightly now, compared to where they were prior to yesterday's move, which is a testament to the amount of supply that has been removed from the market. Remember, the goal during accumulation is to remove as much loose supply as possible. This means creating situations that cause the weakest hands to sell what they are holding into the hands of the C.O. In doing this, the C.O. ensures that price will move up with as little resistance as possible when the time comes for price to emerge from the corrective cycle. This is especially necessary with the length of time this market has been correcting. All upward movement is met with cries of "sucker's rally" and will most likely continue as such until price breaches the February high at around $11,780. As most retail traders are more concerned with buying the absolute lowest price rather than perfecting their risk management, this gives the larger picture trader/investor the opportunity to get in before the FOMO kicks in. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. For traders interested in looking at smaller TFs, it would likely be best to just concentrate on the noted local 4H pivots. As mentioned above, price is bouncing between the S2 and S3 pivots. A break in either direction should be an indication that price will be continuing in that direction. However, until price actually breaches and closes above the blue pivot, currently sitting at $6411, all movement should be considered suspect. Those desiring to zoom in even more should take note of the blue 15 minute pivot sitting near the top of that local TR at $6298. As with the larger TF, a breach of this pivot from below, and close above, is considered bullish. This would set up a target of the R1 pivot at $6388 which almost lines up perfectly with the previous period's S1 pivot. This indicates that a bullish breach and close above it would be significant and continued upward movement should be expected with that level providing stronger support. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
ICX/BTC Looking for fuel to take offIf we take the fib from the last major high and low on the 1H timeframe we can see that ICX has retraced right around 0.705 level which is ideal AND touched that 1H gray bullish breaker. Also a good sign is that it's been making higher lows on the 4H and Daily timeframes. Only thing that worries me right now is that green pivot level which we have fallen through and is now holding the price, so options would be: 1) aggressive entry right now and pray with your grandma that it breaks the green level 2) wait for the break of the green level and enter on a retest of it as support, this gives you better chance to win + better risk/reward ratio Targets are red levels , around each previous local high, and stoploss for me would be below the previous low OR below the gray breaker outlined, depending on how wide I can tolerate it. If it comes back to the breaker and starts making lower highs like that orange path, it would be a sign that it wants to break down further.
Long
by UnknownUnicorn3664665
BTCUSD - 1D Chart AnalysisAfter it has dropped almost 1200$ between the 5th and the 8th of September, the price has started a slow recovery process and created a short term bullish channel since the 9th of September and until today, as long as it seems to be stabilized between the 20 days Moving Average and the upper band of Bollinger. The RSI is neutral, the Stochastic is indicating that the sideways movement may continue while the MACD is still positioned above the Signal line, meaning that the trend will remain bullish for the short term. The 2 possible scenarios are : 1. If the price will stay above the Pivot Level (6518$), the next possible target is 6865$ (Resistance Level 1) 2. If the price will fall below the Pivot Level (6518$), the next possible target is 6311$ (Support Level 1)
BITFINEX:BTCUSD
by ReadBTC
UNH (NYSE: UNH) broke the support, will continue to fall?As we have seen in the chart, we had a short support (Yellow Line) with 5 confirmations (Green Circles) for 5 months that broke today, with the value of UNH shares falling well below what is expected for today. The fundamental question here is to know if the value of the stock will continue to fall, until when it will continue to fall or if it begins to recover, we will analyze this through three points: Although the shortest support we had was broken, we must bear in mind that there is another stronger support (Orange Line) that is ready to stop the fall of UNH shares with 4 confirmations (Orange Circles) during the period of 23 months. . This assures us that although the value of the stock may continue to fall, when approaching the stronger support it is more likely that the fall will be slowed down. We have to bear in mind that the fall of today was slowed down to the height of the last bounce (horizontal green line) of the minor support, which coincides with S5 yellow. What gives rise to the possibility that tomorrow the price of the stock does not continue to fall, it should rebound. Finally we have to know that the shares of the company UNH are undervalued if we apply a fundamental analysis, so, in the long term the value of the shares of this company will tend to rise. We could conclude then that the value of the shares of UNH will go up sooner rather than later , we should analyze then because there was such a sharp drop in the value of the shares of UNH, to explain this we should analyze the supports and the rebounds that had each one of the supports: If we see the stronger support (Orange Line) we see that it is more stable, we say this because in 23 months he only had 4 rebounds separate by long periods of time. At the short support (Yellow Line) we have 5 rebounds in just 5 months, this is because the slope is tilted more, which makes it a less stable support that ends up breaking when the rate of rise can not be maintained. Then we can conclude that the stock price will rise again, probably at a lower rate than what it was doing, although it may return to the previous rate. I thank you very much for your reading and I am open to criticism and questions! I´m sorry about my english, I try to translate al my analysis from the US and Argentinien market into english. Regards!
NYSE:UNH
by AlejandroAttento