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No strong resistance are up to 400.00It was pushed back near the double zero of 400.00 on the weekend, but it was stopped again by the horizontal line (461.80 in my chart). Also, in July, the position of the MPP changed, so that there was no strong resistance up to 400.00. I am watching it as a downtrend now, so I'd like to put a short as a set sequence. << tactics >> 1) Horizontal line 461.80 functioned as a resistance line short. The first limit is above double zero 400.00. The second limit is above WePP (S2) 374.38. 2) It is doubtful whether the horizontal line 461.80 functions as a resistance line Because it sees as downtrend, Long does not think. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
BITFINEX:ETHUSDShort
by fondiea
Whether uptrend is supported by the new MPP (P)?In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support line long. The first limit is under the horizontal line 1.32600 (neckline of the latest double top). The second limit is under WePP (R1) 1.33035. The third limit is under MPP (R1) 1.33941 2) It is doubtful whether MPP (P) 1.31266 functioned as a support line I am watching it as an uptrend, so I will not think about short once. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Whether uptrend is supported by the new MPP (P)?In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support line long. The first limit is under the horizontal line 1.32600 (neckline of the latest double top). The second limit is under WePP (R1) 1.33035. The third limit is under MPP (R1) 1.33941 2) It is doubtful whether MPP (P) 1.31266 functioned as a support line I am watching it as an uptrend, so I will not think about short once. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Did it slide as much as the MPP slid upwards?Last month It ran a range between MPP (P) 109.442 and MPP (R1) 110.769. Location of MPP of last month In July, the resistance of the MPP (R1) last month went out and price ran up like a racehorse who confirmed the gate opened. However, although it is commonplace, that alone is not a strong trading reason. There is a strong trend line above. Weekly chart That trend line has come close to MPP (R1) 111.541 this month. Therefore, it is thought that the vicinity becomes strong resistance. Also, as it is a range market, it is still a scene to take both long and short compactly. Moreover, the rise and fall of the high and low are also not clear. It is a situation that can not be trusted. Based on those, I think that it will be the next turn around the most recent. << tactics >> 1-1) It reached near MPP (P) 110.133 and served as support. long. The first limit is under 111.000 which is near the last highest. The second limit is under WePP (R1) 111.326. 1-2) It reached near MPP (P) 110.133, penetrated and fell down. Short by confirming that MPP (P) 110.133 functions as resistance and 110.000 does not function as support. Nothing is possible if MPP (P) 110.133 fails before functioning as a resistance. 2-1) It reached near MPP (R1) 111.541, and functioned as a resistance. short. The first limit is on WePP (P) 110.347. The second limit is on MPP (P) 110.133. 2-2)MPP (R1) 111.541 be penetrated and price ran up. I will look for opportunities of long. but be wary of the trend line. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
by fondiea
3
Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0. Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence. Daily I assume that this symbol is not considered an uptrend already. However, most recently it is likely to consider trading using a support line from Double Zero 2700.0. <> 1) Double Zero Judged that 2700.0 functioned as a resistance line. long entry. The first limit is under thin horizontal line 2738.6. The second limit is under WePP (P) 2756.0. 2) It can not be determined that double zero 2700.0 functions as a resistance line. There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe. Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching. Flexible response is required. It is a good choice not to enter if you feel difficult. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:SPX500USDLong
by fondiea
Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0. Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence. Daily I assume that this symbol is not considered an uptrend already. However, most recently it is likely to consider trading using a support line from Double Zero 2700.0. <> 1) Double Zero Judged that 2700.0 functioned as a resistance line. long entry. The first limit is under thin horizontal line 2738.6. The second limit is under WePP (P) 2756.0. 2) It can not be determined that double zero 2700.0 functions as a resistance line. There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe. Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching. Flexible response is required. It is a good choice not to enter if you feel difficult. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:SPX500USDLong
by fondiea
How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance. However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above. But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance. << tactics >> 1) It was judged that double zero 3.000 functioned as resistance short. The 1st limit is above the thin trendline which is now reaching around 2.920. The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863. However, if it reflect on WePP 2.952,we need to think about escape. 2) It can not be determined that double zero 3.000 functions as resistance I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:NATGASUSDShort
by fondiea
How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance. However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above. But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance. << tactics >> 1) It was judged that double zero 3.000 functioned as resistance short. The 1st limit is above the thin trendline which is now reaching around 2.920. The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863. However, if it reflect on WePP 2.952,we need to think about escape. 2) It can not be determined that double zero 3.000 functions as resistance I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:NATGASUSDShort
by fondiea
Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0. However, consider exit if it is reflect cleanly in WePP (S1). 2) MPP (P) 22372.6 cannot be recognized as functioning. Pierce the MPP(P) upwards and recognize the support and consider the long. I think that double zero 22500.0 is losing its function. But if it works I thinks of exit. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:JP225USDShort
by fondiea
Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0. However, consider exit if it is reflect cleanly in WePP (S1). 2) MPP (P) 22372.6 cannot be recognized as functioning. Pierce the MPP(P) upwards and recognize the support and consider the long. I think that double zero 22500.0 is losing its function. But if it works I thinks of exit . I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:JP225USDShort
by fondiea
Is the set sequence of downtrend applied?The rate once went back through the double zero 6000.0. Currently it is a situation to receive resistance at around MPP (S1) 6353.9. Judging that it is a down trend, if you apply the set sequence, I'd like to have a short position well. <> 1) Resistance MPP (S1) was judged to work. Short entry. The limit is above double zero 6000.0. Or if you assume double zero 6000.0 penetration, it is above the nearest low of 5800.0. 2) it can not be judge that it is functioning, or penetrate above MPP(S1). As long as the intention to lower the price move is seen, I do not do long entry. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
BITFINEX:BTCUSDShort
by fondiea
2
Is the set sequence of downtrend applied?The rate once went back through the double zero 6000.0. Currently it is a situation to receive resistance at around MPP (S1) 6353.9. Judging that it is a down trend, if you apply the set sequence, I'd like to have a short position well. <> 1) Resistance MPP (S1) was judged to work. Short entry. The limit is above double zero 6000.0. Or if you assume double zero 6000.0 penetration, it is above the nearest low of 5800.0. 2) it can not be judge that it is functioning, or penetrate above MPP(S1). As long as the intention to lower the price move is seen, I do not do long entry. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
BITFINEX:BTCUSDShort
by fondiea
Can escape the range that lasts more than two years?It have temporarily updated the latest low of 0.74126 this week. Recently, the resistance line works smoothly and it goes down one step, so if you go as it is, it will be the trend price since 2015. Weekly chart There are four lines that become the barrier. (There are many) 1) MPP (S2) 0.73356 2) YPP (S1) 0.72900 3) MPP (S3) 0.72586 4) Horizontal line near 0.71500 (0.71589 on my chart) Penetrating through these in order and receiving resistance will be a downtrend. However, even if it comes down trend, it will take a lot of time. There is also the possibility of lowering slowly so that it is not a trend. Because, as you can see from the past chart, AUDUSD is easily blocked by YPP. Nevertheless, as you know, not to have a wishful observation, but to look at the movements at that time to attack areas where risk/reward is good. Therefore, if keeping down this way, I think that it is enough to take into account only that it is wary of the long trade. MPP (S1) 0.74517 is the key point for the latest opportunity seen on the 4h chart. 1) Confidence that MPP (S1) 0.74517 functions as resistance Short, Target is above MPP (S2). We will be careful of WePP that will be updated tomorrow. If you are more confident of lowering above YPP (S1) 0.72900 = above Double Zero 0.73000 is also an option. 2) It is doubtful whether MPP (S1) 0.74517 functions as a resistance If it goes above MPP (S1) 0.74517 and functions as support, I will long, otherwise observe it. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
Can escape the range that lasts more than two years?It have temporarily updated the latest low of 0.74126 this week. Recently, the resistance line works smoothly and it goes down one step, so if you go as it is, it will be the trend price since 2015. Weekly chart There are four lines that become the barrier. (There are many) 1) MPP (S2) 0.73356 2) YPP (S1) 0.72900 3) MPP (S3) 0.72586 4) Horizontal line near 0.71500 (0.71589 on my chart) Penetrating through these in order and receiving resistance will be a downtrend. However, even if it comes down trend, it will take a lot of time. There is also the possibility of lowering slowly so that it is not a trend. Because, as you can see from the past chart, AUDUSD is easily blocked by YPP. Nevertheless, as you know, not to have a wishful observation, but to look at the movements at that time to attack areas where risk/reward is good. Therefore, if keeping down this way, I think that it is enough to take into account only that it is wary of the long trade. MPP (S1) 0.74517 is the key point for the latest opportunity seen on the 4h chart. 1) Confidence that MPP (S1) 0.74517 functions as resistance Short, Target is above MPP (S2). We will be careful of WePP that will be updated tomorrow. If you are more confident of lowering above YPP (S1) 0.72900 = above Double Zero 0.73000 is also an option. 2) It is doubtful whether MPP (S1) 0.74517 functions as a resistance If it goes above MPP (S1) 0.74517 and functions as support, I will long, otherwise observe it. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
Is 5000.0 reaching realistic?MPP (S1) 6353.9 from the small return which makes me think that it is a downtrend again It was this week's price movements. Currently it is stopped with double zero 6000.0 and it is a small range. Although the shape is irregular when looking at the daily chart, there are head and shoulders. When penetrating down the its neck line, I feel realistically that it reaches near double zero 5000.0. Daily Looking it as a downtrend, the strategy is briefly as follows. 1) It was judged that double zero 6000.0 functioned as resistance Short. The target is double zero above 5000.0 or above MPP (S2) 5221.9 if it goes bullish, but I think that it should be decided by the way of risk reward such as taking WePP updated at the beginning of the week into consideration or making it above 5500 . 2) Doubtful whether double zero 6000.0 is functioning MPP (S1) Return to near 6353.9, Short if it can be determined that it functions as a resistance. If it clearly penetrate MPP (S1) 6353.9 and function as support, or if it skyrockets, We will see. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
BITFINEX:BTCUSDShort
by fondiea
2
Natural gas that became difficult to penetrate 3.000?It was stopped cleanly at MPP 3.028 last weekend and pushed back, it raised it again, but this time it was pushed back to double zero 3.000. weekly chart In terms of weekly chart, it is sometimes the center of the range, and in the long term it is a market where we can not imagine which direction it will go. In this situation, I think that we will continue to conduct short-term trade by seeing the young,and highly reliable resistance and support reactions. 1) Double Zero Judge that 3.000 functions as resistance. Short and set limits above MPP 2.853 or above 2.900. 2) It is doubtful that double zero 3.000 is functioning. Return to MPP 3.02 again or possibly reach YPP 3.052, so continue observation. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:NATGASUSDShort
by fondiea
1
Does double zero does not work for ethereum?Although it is an Ethernet that looks like bitcoin for a long time, What is clearly different from other virtual currencies is that it will not quite stop at double zero. However YPP is functioning to a certain extent and there are signs that it repeled in the vicinity several times. It got closer, but is there a resistance of YPP this time? 1) Function as resistance A chance of short. Double zero 500.00 is considered to penetrate and the target is near 450.00 near the immediate lows. If it aims a little more, it is before 433.67 in the next MPP. 2) Penetration not functioning as resistance If it keep YPP over a certain period of time and use YPP as a support line you will get a long choice. ------------------------- ---------------------- - - Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo Line: Horizontal line or Trend line seen by weekly or monthly Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily Dotted dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- ---------------------- - -
BITFINEX:ETHUSD
by fondiea
Would gold decide to Downtrend?It is gold down since last Friday, but it is currently staying under YPP 1269.009. If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend. weekly chart As the most recent trade. 1) Judge that YPP 1269.009 functions as a resistance. Short and set limit above MPP 1258.160. 2) Pull out YPP 1269.009 MPP 1278.303 is above YPP1269.009, I think that the immediate long is difficult. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
2
Indecision on The USDCADLast post: June 20th. See chart . Review: Price had broken through and established a bull trend above the March high. Update: Recent indecision in the market suggests the much needed pullback is a possibility. Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
2