Here's a quick USDJPY short I took earlier for 50 pip profit
For this trade, I took a position short based of the following: - Overall momentum was bearish - Daily direction prediction (DDP) was bearish - Daily pivot point coincided with the 20 EMA on the hourly chart and previous support zone - Price made a lower low from 5 days prior - No resistance areas in the way of 50 pip take profit - 20 EMA below the 50 EMA and 50 EMA below the 100 EMA - Daily, 4HR and 1HR charts confirmed same analysis
I don't always trade from pivot points, but occasionally it acts as a good confirmation of a trade if it aligns well with other factors of confluence.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.