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Sunday, March 8, 2020

Potential Trade: March 3, 2020


Pair :  GBPJPY
Time Frame : H4 
Open Price :  137.800
SL : 136.300
TP :  138.80, 139.40, 140.70

Note: Looking for a possible reversal / correction on the Guppy at the H4 timefram. Stochastic is showing the pair as getting out of the oversold area and starting to go up. MACD is showing a possible bullish divergence. I am looking at the break of the SMA (30) for a confirmation before entering. I set a buy stop at 137.80 as it is both above the SMA(30) and it breaks the recent bullish candle high. I placed the SL at 136.300 (below recent low ) and am looking at partial TPs at 138.80 and 139.40 which are recent rejection areas. And final TP at 140.70 which is around 50% fib of the recent swing.

Weekly Pivot March 9, 2020 Part 2

PAIRS
XAUUSD AUDUSD EURUSD GBPUSD
High 0.63712 1.34634 0.98147 108.570
Low 0.61930 1.32406 0.96092 104.986
Close 0.63501 1.33912 0.96505 105.277
Pivot Point 0.63048 1.33651 0.96915 106.278
Classic Pivot
R1 0.64165 1.34895 0.97737 107.569
R2 0.64830 1.35879 0.98970 109.862
R3 0.65947 1.37123 0.99792 111.153
R4 0.66612 1.38107 1.01025 113.446
S1 0.62383 1.32667 0.95682 103.985
S2 0.61266 1.31423 0.94860 102.694
S3 0.60601 1.30439 0.93627 100.401
S4 0.59484 1.29195 0.92805 99.110
Fibonacci Pivot
R38 0.63725 1.34497 0.97696 107.640
R61 0.64135 1.35010 0.98168 108.464
R78 0.64438 1.35389 0.98518 109.073
R100 0.64830 1.35879 0.98970 109.862
R138 0.65507 1.36725 0.99751 111.224
R161 0.65917 1.37238 1.00223 112.048
R200 0.66612 1.38107 1.01025 113.446
S38 0.62371 1.32804 0.96134 104.916
S61 0.61961 1.32292 0.95661 104.091
S78 0.61658 1.31913 0.95312 103.482
S100 0.61266 1.31423 0.94860 102.694
S138 0.60589 1.30576 0.94079 101.332
S161 0.60179 1.30064 0.93606 100.507
S200 0.59484 1.29195 0.92805 99.110

Weekly Pivot March 9, 2020 Part 1

PAIRS
XAUUSD AUDUSD EURUSD GBPUSD
High 1692.01 0.66217 1.10523 1.30513
Low 1575.23 0.64330 1.08043 1.27372
Close 1674.09 0.65048 1.10254 1.30454
Pivot Point 1647.11 0.65198 1.09607 1.29446
Classic Pivot
R1 1718.99 0.66067 1.11170 1.31521
R2 1763.89 0.67085 1.12087 1.32587
R3 1835.77 0.67954 1.13650 1.34662
R4 1880.67 0.68972 1.14567 1.35728
S1 1602.21 0.64180 1.08690 1.28380
S2 1530.33 0.63311 1.07127 1.26305
S3 1485.43 0.62293 1.06210 1.25239
S4 1413.55 0.61424 1.04647 1.23164
Fibonacci Pivot
R38 1691.49 0.65915 1.10549 1.30640
R61 1718.35 0.66349 1.11119 1.31362
R78 1738.20 0.66670 1.11541 1.31896
R100 1763.89 0.67085 1.12087 1.32587
R138 1808.27 0.67802 1.13029 1.33781
R161 1835.13 0.68236 1.13599 1.34503
R200 1880.67 0.68972 1.14567 1.35728
S38 1602.73 0.64481 1.08664 1.28253
S61 1575.87 0.64047 1.08094 1.27530
S78 1556.02 0.63726 1.07672 1.26996
S100 1530.33 0.63311 1.07127 1.26305
S138 1485.95 0.62594 1.06184 1.25112
S161 1459.09 0.62160 1.05614 1.24389
S200 1413.55 0.61424 1.04647 1.23164