Originally Posted by
m148
day = 2019.03.23
pair = eurchf
time frame = hourly
results of analysis of the daily pivot point calculations :
I see this pair still in strong bearish movement . If this pair can break the 1.1197 support level, i predict this pair will go down to the next support at 1.1147 but if this pair go up and break 1.1248 resistent level, i predict this pair will make some correction to the next resistent level at around 1.1298
sell signal is indicated from the simple moving average and bollinger bands indicator . I suggest to entry sell with stoploss at 1.1232 and take profit at 1.1147
my advice .. Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation
resistent level 1 - 1.1355
resistent level 2 - 1.1317
resistent level 3 - 1.1283
pivot point - 1.1244
support level 1 - 1.1210
support level 2 - 1.1173
support level 3 - 1.1139