Originally Posted by
m148
Day = 2019.03.25
Pair = CADJPY
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 81.48 support level, I predict this pair will go down to the next support at 80.98. But if this pair go up and break 81.99. resistent level, I predict this pair will make some correction to the next resistent level at around 82.49
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 81.83. and take profit at 80.98
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 - 82.97
resistent level 2 - 82.59
resistent level 3 - 82.26
pivot point - 81.86
support level 1 - 81.51
support level 2 - 81.14
support level 3 - 80.80