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Now let's make a key of the day. EUR/USD 1.3747.
In this moment I do not see strong pivots around all USD pairs.
But EUR/USD 1.3747 (today's highs) it would be.
I do not Closing my yesterday's Longs, but I would Sell near 1.3747 for reversion.
Dear ALG,
I am astonished to see the power of channel.I was using EMA crossing for my system but I am learning to use Channeling on chart from your ideas.Can you say something about your strategy????????????We shall be very grateful and I think EURO USD is downtrend with the sense of channel and moving average..........
thanx and regards...........Can you please tell use how to use channel in effective way???????
thanx again.......
If you are longer term trader I see some Pivots:
EUR/USD ..... 1.3297
USD/CHF ..... 1.1281
USD/CAD ..... 1.2083
USD/JPY ..... 89.11
AUD/USD ..... 0.6837
In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.
Linear Mode
