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.
<<tactics>>
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!
------------------------- <Legend> --------------------------
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
------------------------- <Legend> --------------------------
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.
<<tactics>>
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!
------------------------- <Legend> --------------------------
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
------------------------- <Legend> --------------------------
Trade closed: target reached:
It reached the limit without problems!