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 rectangles 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 was the post I had prepared but was unable to post earlier in the week due to tech issues on website. Keep in mind the week is half over at this point of this post.
>The AUD & NZD are pretty strong in these plans so far this week for the aggressive trader so consider trading to W-M1 zones but watch M-M1 & M-S2 zones on a few.
>The G/J & E/J could be at entry target zones so watch to see if they develop.
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 AUD & NZD had continued strength which was better played against the weaker EUR.
The JPY weakened and any opportunity in EUR & GBP was likely a small gain or BE trade.