Based on last weeks data and assuming the strength/weakness continues this week I have put together some pairs to keep on the radar for possible setups using pivot theory.
1. The blue circles are showing possible W-M2 to W-M4 bullish trades or W-M3 to W-M1 bearish trades.
2. The long black lines are M-PP’s on the charts that have them so watch those zones as well to be respected by price.
*Move into minute charts and trade your preferred setup for an entry if your bias matches these setups.
*Let the 4HR stoch cycle into position for 1-2 days if need be & watch the blue 5 ema.
*Find support & resistance levels to support an entry as well.
*Watch for any fundamentals to support or void an entry with any setup.
>>This week I have highlighted monthly pivot extreme price levels that could prove to be resistance.
>>Keep an eye on USD/CHF for an inverse trade opportunity if trading EUR/USD this week.
Lets see how it plays.
Note: At the end of each week I post results for the current weeks price action within the original post for those interested to study.
Results Post Analysis:
The white lines represent price action that took place close to actual levels.
This week provided a few pivot opportunity trades for the potential setups once price entered the buy/sell zones.
The NZD improved fundamentally and did not provide any valid setups as planned while the E/U moved higher & traded sideways.