No strong resistance are up to 400.00
Updated
It 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!
------------------------- <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> --------------------------
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!
------------------------- <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: stop reached
Regarding this, I can not but admit that the horizontal line of 461.80 was inappropriate if I later calmed down.
I will reflect on this deal!
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