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.
3. The long Red/Green bold lines are Monthly Pivots profit zones that price could hold price up/down.
*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.
>The NZD has continued its reign over other currencies again so for now bulls remain in control.
>With Gold strong look for USD weakness, especially vs. NZD & CHF.
>Watch to see if the GBP bears gain momentum this week in other pairs in addition to the charts in this post.
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.