Is there a possibility of going down 1.15000?

Jul 4, 2018

I think that it is difficult in the short term.
Because there are MPP (S1) 1.15111 and YPP (P) 1.14786 near 1.15000.


Although We can see a state of attacking 1.15000 in May and June, it was impossible to touch.
It seems that the barrier is still thick.


However, it is a position that can not be denied that there is a possibility of going down under 1.05000 by political or social factors.
Furthermore, if it goes, it will be a big chance that space will continue to 1.05000. (please look weekly chart)

Weekly chart


Therefore, it is the current situation to continue compact trading while expecting the big opportunity that may come.
Currently it is likely to aim for the following trading.



<< tactics >>
1) MPP (P) 1.16817 functioned as a resistance.
short.
The first limit is WePP (S1) 1.15679
The second limit is MPP (S1) 1.15111

2) It is doubtful whether MPP(P) 1.16817 functions as a resistance.
Confirm that MPP(P) functions as support and think long entry.



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> --------------------------

Jul 5, 2018

Note

It is hard to judge whether it penetrated.
I will observe.