Recent high is already crossed but that confluence is really stubborn.

Psych Levels, Pivots, and Trendlines - Resurrected

So far, it's still holding.

Psych Levels, Pivots, and Trendlines - Resurrected

You could be right EV. That would be the safest entry, after the recent high is crossed.

Psych Levels, Pivots, and Trendlines - Resurrected

At M15. It looks like, it might be creating a higher swing low with a hammer/spinning top at the center of it.

Psych Levels, Pivots, and Trendlines - Resurrected

Could be, but.... — Could be, but it tried to cross it earlier (blue rectangle), and failed. Just to be safe. I'm staying out on this one.

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Hi EV! Thanks for the link for the "Marubozu" candle. How are you doing? Here's a trade. Price retraced by 50%. Price is moving so fast, was only able to enter at 100%. TP was placed and hit at 150% level. Could have placed it ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable's current H1 candle low is 3 points above the confluence of MS1-1.7761 and psyche level-1.7750. Incidentally, price is nearing 261.8% fib level-1.7754 from daily high to the succeeding swing low after the daily high

Psych Levels, Pivots, and Trendlines - Resurrected

Good day EV! Nice trade earlier! Cable is plunging as well. Around 300 pips from its daily high already. It already broke the confluence of central pivot-1.7854 and psyche level-1.7850, and still falling.

Psych Levels, Pivots, and Trendlines - Resurrected

Gonna wait till 12EST before I call it a week. Have a great weekend too EV!

Psych Levels, Pivots, and Trendlines - Resurrected

.. Shorted at 1.7668. Exited at BE.

Psych Levels, Pivots, and Trendlines - Resurrected

Entered a short at 1.7688. TP @ 1.7601. Gonna watch this closely coz there are a couple of high impact data from the US at 8:30 AM EST.

Psych Levels, Pivots, and Trendlines - Resurrected

Take a look at this EV. Price have retraced by 38.2% and rising. On previous PA it crossed the confluence of psyche level-1.7650 and MR2-1.7660. Gonna wait what it's gonna do next.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks EV! That's a lot, coming from you. How are you doing today?

Psych Levels, Pivots, and Trendlines - Resurrected

Confluence — Here are examples of using the confluence of pivots and psyche levels to enter trades. I wasn't on this trades. First, price crossed the confluence of psyche level-1.7650 and MR2-1.7660 at point A. Price then retraced by 50%. Then ...

Psych Levels, Pivots, and Trendlines - Resurrected

Fib based trades — Hi guys! First two trades for the day. Both of them are fib based or ABCD. Although the second trade's TP was 1 point below the confluence of 138.2%-1.7623 and daily R1-1.7624. As I type this message, price is still climbing.

Psych Levels, Pivots, and Trendlines - Resurrected

signing off... — That's it for me. I'm done for the day guys! Happy trading EV, SpecialEd and to all traders here!

Psych Levels, Pivots, and Trendlines - Resurrected

Pick your poison — Here's another trade. After the first ABCD fib, another one is formed. Price almost touched the confluence of psyche level-1.7500 and MS1-1.7499. (blue rectangle) It retraced for almost 61.8% creating a lower swing high. It ...

Psych Levels, Pivots, and Trendlines - Resurrected

Picked a target... — On that chart, I would have placed my TP 2 points above the Psyche level-1.3900. Since there is a confluence with S1-1.3895. 2 points above coz of the spread factor. Edit: I think you made a typo error in your chart EV. It ...

Psych Levels, Pivots, and Trendlines - Resurrected

EV, did you exit at FE100% coz there's a confluence of psyche level and pivot level above it which poses a risk zone? .. Wouldn't want to be the last man on earth.. it would be too boring. I took a day off of trading to take care of some personal ...

Psych Levels, Pivots, and Trendlines - Resurrected

76.4% Retracement — Here's a trade. Cable made a higher swing high at 1.7588. Then it made a lower swing high at 1.7576. After the 76.4% retracement. I entered a short trade after price crossed below the low of the first bear candle in the ...

Psych Levels, Pivots, and Trendlines - Resurrected