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Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 130.05
R3 = 130.30
R2 = 130.38
R1 = 130.46
S1 = 130.62
S2 = 130.70
S3 = 130.78
S4 = 131.03
PAIR = EUR/JPY
TIME= tuesday, april 07, 2015
IF BUY AT= 130.54
TP = 130.30
SL = 131.03
IF SELL AT= 130.38
TP = 130.78
SL = 130.05
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market has penetrated the second support at 130.21, then maybe still correction at 130.41 and further down again.
Recommendation: Sell limit in 130.41
The price of the pair was strongly influenced by the level of support at 128.70 to note the positive rebound and settle above the axis of the moving average scoring of the level of 131.10, the foregoing will be postponed negative attempts briefly but expect some volatility within the descending channel while compiling price determination negative strong to be able to which the disposal of former support.
Trading Signal - 07/04/2015 - 10:00 (GMT +2)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
A Medium Low probability, entry signal to go LONG will be given with the upward break of 130.96 after the market found support at 130.38. Only the downward break of 130.38 would cancel the bullish scenario and take us SHORT.
Support & Resistances:
130.38 131.30
129.98 131.90
129.32 132.51
http://dl.dropbox.com/u/51561036/scr...408-020204.png
daily overview for Eur-Jpy
r3: 131.79
r2: 131.63
r1: 131.09
s1: 130.21
s2: 129.87
s3: 129.33
the pair broke /the down trend to up
so our trade for the pair is buy
Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 129.43
R3 = 129.72
R2 = 129.81
R1 = 129.91
S1 = 130.10
S2 = 130.19
S3 = 130.29
S4 = 130.57
PAIR = EUR/JPY
TIME= wednesday, april 08, 2015
IF BUY AT= 130.01
TP = 129.72
SL = 130.57
IF SELL AT= 129.81
TP = 130.29
SL = 129.43
bhai ji aapne bahut achhe se support aur resistance ke baarein me bataya hai,enko daily trading me jaroor use karna chahiye,pivot levels ke help se he day trader market me achhe se entry aur exit le sakta hai..Quote:
Originally Posted by winda8888
daily overview for Eur-Jpy
r3: 131.74
r2: 131.39
r1: 130.72
s1: 129.70
s2: 129.35
s3: 128.68
the pair broke the up trend to down
so our trade for the pair is sell
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: There is strong support at 129.35. If the market can penetrate, it is predicted to lead to 128.62
Recommendation: Sell
The price of the pair did not prove long above the axis of the SMA 55 is influenced by some of the negative provided by stochastic offline and note its stability at 129.90, which already supports the liberation price of positive pressure intraday and back to form a more negative waves until the arrival of the level of 128.70, which has long been the main obstacle to the resumption of price attempts downlink.
Spoiler: