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 trade zones or W-M3 to W-M1 bearish trade zones.
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 support/resistance.
>>If you’re trading the JPY strength then look to trade the weaker cross pairs shown here as continuation moves.
>>Notice the USD’s slight strength along with Gold which is not a typical so let’s see if we get a normal correlation there 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.
The NZD did continue its strength this week if you were a buyer of the NZD.
This week provided a couple of trades once price entered the buy/sell zones for some positive and/or BE trades as price was choppy this week while some pairs never gave a valid setup.