Is YPP (S1) a turning point for a range break?
Diupdate
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!
------------------------- <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 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
------------------------- <Legend> --------------------------
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!
------------------------- <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 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
------------------------- <Legend> --------------------------
Catatan
That is a speculation conflict near WePP(P).
Trading ditutup: target tercapai
It was early after penetrating WePP(P).
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.