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EURUSD At a make or Break levelEuro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance) It has been observed that, every scallop of the Eur USD contract, has reversed to continue its trend at the 50% retracement level. (Hover on the Red Flags on the Chart) Applying the same logic, we have an implied fib resistance zone to break at 1.15 before it can head to the target of 1.18, form where it could resume its bull run towards 1.24 too. Downside targets are at 1.11682, and upside targets at 1.18 and 1.24. The targets would be influenced by the M3 Data and the annual growth of lending of the Euro to be released on Jan 3. Definitive signals point towards a good bounty on either side.
by SchoolofMarkets
Like audusdIt is a beautiful range sandwiched between Pivot Points. It will be a simple point of trying to short. << tactics >> 1) When MPP (P) 0.68568 functions as a resistance line, consider a short entry. The first limit is WePP (P) 0.67879 The second limit is WePP (S1) 0.67351 2) If you penetrate MPP (P) upwards, wait for a long entry opportunity. Please note that WePP will be updated on Monday. 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
How long will the range of MPP (P) and YPP (S1) last?It ranges from MPP to YPP since last month. If it is assumed that the moon starts moving since the moon has changed, it will be the flow that aims at shorting from here again. << tactics >> 1) Consider a short entry when MPP (P) functions as a resistance line. The first limit is WePP (P) 0.73924 The second limit is WePP (S1) 0.73423 WePP will be updated on Monday so be careful. 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
Long entry of the lower end of the range with MPP (P)When MPP (P) functions as a resistance line, consider long entry. First limit: WePP (P) 0.99610 Second limit: 1.00000 Third limit: 1.00400 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
The same way as last timeIf YPP (P) 1.08720 functions as a support line, think long. The first limit is WePP (R1) 1.09559 The second limit is 1.10000 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
1
Can we expect a recovery in volatility?We can see from weekly that volatility became apparently small since 2017. weekly 140.000 - 155.000 Both of the upper and lower of the range are blank. Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover. Since it is the most recent range, I will aim for both long entry and short entry as usual. << tactics >> If MPP (P) 146.041 functions as a support line, think long entry. The first limit is under YPP (P) 140.077 The second limit will be decided based on WePP next week. 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
Is it a worrising move, discipline priority?<< tactics >> If YPP (S1) functions as a support line, think of a long. The first limit is WePP (P) 0.6800 The second limit is WePP (R1) 0.68411 Since it is a weekend, be careful that WePP will update on Monday. 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
Is YPP (S1) a turning point for a range break?Unlike AUD, it is NZDUSD which is completely invisible to down trend when looking at the weekly stick. weekly The current position is a difficult place to hit the YPP (S1) and the trend line. Because it is a range market, I'd like to think about long at the bottom of the range. However, as far as EMA is seen, the closest direction is down. Therefore, long entry is a difficult place. Unfortunately, I have not been able to trade so much this week, but I will also check off this time. I will wait for a chance of a short. << tactics >> 1-1) MPP (P) rose to 0.68568. It acted as a resistance line. short. The first limit is decided by referring to the WePP of the next week. The second limit is on YPP (S1) 0.67273. 1-2) MPP (P) rose to 0.68568. It penetrated it. If it functions as a support line, think of a long. 2-1) YPP (S1) 0.67273 penetrated downward. That worked as a support line. short. The first limit is MPP (S1) 0.66538 The second limit is above WePP in the next week above MPP (S2)0.65331. 2-2) penetrated below YPP (S1) 0.67273. It reached MPP (S2) as it was. Wait for a short entry point. 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 thick line: 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 round number. Red thick line: Untrustworthy line for me 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
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
Would audusd establish downtrend or continue range?The rise of audusd temporarily ceased due to MPP (P) 0.74689 and WePP (R1) 0.74786. If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase. However, the penetration to YPP (S1) remains as difficult as the previous idea. Most recently I will consider transactions with a story aiming for YPP (S1) attack. <> 1) MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistances short. The first limit is 0.74000 above The second limit is 0.73500 above I conscious of above WePP. 2) It is doubtful that MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistance I will observe it because I am not sure well. 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 round number. 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
2
Can we see it stopped again at the head & shoulders neckline?Over time, eurjpy was pushed up from the area of YPP (P) 128.637 and MPP (P) 128.786. It will be stopped around 130.000 and the next week will be come. Weekly Chart 130.000 is not only a round number but also a head & shoulders neckline, so it seems that there are many conscious traders. (Also worried that for MA users 800 EMA and 1600 EMA are close?) Even if it goes up or down it has a possibility to move greatly, it is likely to be a turning point. as you can see,YPP (P) was penetrated several times last month and Month before last. Therefore, we do not think much about support line. However, since MPP (P) don't have a lot of information to say that it is easy to be penetrated, attention is still necessary. << tactics >> 1) 130.000 functioned as a resistance line short. The first limit is above 128.785. The second limit is above 128.000. * Assuming that it can penetrate MPP (P) and YPP (P) 2) It is doubtful that 130.000 functions as a resistance If it penetrate 130.000 and function as a support line, I will consider long. 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 round number. 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
Does gbpusd aim for reattacking to YPP (P)?On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly. It is currently stopped at MPP (P) 1.32437 this month which was made in July. << notes >> Last month's MPP On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at under 1.30000. weekly chart For now it seems necessary to observe from a neutral point of view. The trading that can be done from now are as follows. << tactics >> 1) MPP (P) 1.32437 functioned as a resistance line. short. The first limit is 1.31000 before The second limit is near WePP (S1) 1.30748 2) It is doubtful that MPP (P) 1.32437 functioned as a resistance line. Through the top of the MPP (P), consider long as if it functions as a support line. Otherwise we should 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 ------------------------- --------------------------
Short
by fondiea
2