Trading using two pivots

Quoting diavolul

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Forex: GBP/USD, short term outlook After making it's temporary low of 1.57887, the currency pair rebounded about 120 pips towards 1.5900 level. This upper movement doesn't change the situation, so far, as long as the 1.6011 level it's still intact. I will look for continuation of the downside movement - because the pair it's still situated in a downside bias (the price is under the 1.6011 pivot level). But, only if a candle will close under the 1.5858 (the lower limit of the blue rectangle) only then will go short for the 1.57887 low or even further...

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Quoting diavolul

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{quote} The currency pair invalidated the lower limit of the confirmation rectangle, by few pips, just enough to enter short. {image}

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Quoting diavolul

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Forex: EUR/AUD, short term outlook After a 50.0 Fibonacci retrace (around 1.4245 level), this exotic currency pair broked once again the 1.4464 pivot levels and enters for a third time in the upside bias zone. It lacks only the confirmation (for entering long, for the second time), a break over the upper limit of the violet rectangle, if it closes over the 1.4645 level for targeting the 127.2 Fibonacci extension level of the upside movement of 1.3789-1.47024, which is the 1.49508 level. The potential movement it's shown informatively, by the blue...

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Quoting diavolul

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Indices: Nasdaq100, intraday outlook The american index looks like is preparing for another bullish frenzy, it's consolidating into a narrow range, whose limits are the limits of our confirmation rectangle for bullish scenario. A break above it, above 4295.75 level, will target the 4302.25 high and then the 4320.13 level, which is the 127.2 Fibonacci extension level measured on the up movement of 4236.5-4302.25. The presumed up movement it's shown informative, by the purple arrow in the bellow image. {image}

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Quoting diavolul

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Indices: Nasdaq100, intraday outlook The american index looks like is preparing for another bullish frenzy, it's consolidating into a narrow range, whose limits are the limits of our confirmation rectangle for bullish scenario. A break above it, above 4295.75 level, will target the 4302.25 high and then the 4320.13 level, which is the 127.2 Fibonacci extension level measured on the up movement of 4236.5-4302.25. The presumed up movement it's shown informative, by the purple arrow in the bellow image. {image}

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