I'll leave this one with you all to look for yourselves.
If you scroll back, you'll see how many times the weekly (green pivot) is hit, which is quite a high hit rate, with the exception of 2-3 out of 50 whereby price has come within a few % of hitting the weekly but not directly touching the pivot.
I like pivots because they tell traders/investors what the appreciated mean in terms of price for a particular instrument should be at a given time and act as trade targets.
Looking at EURAUD, I see last weeks pivot wasn't hit, so i'm expecting today for price to come within or hit last weeks pivot before resuming north towards this weeks pivot.
For more information, please visit my website which is under development, but you can sign up to find out about my new release! www.ejfxtrading.com
If you scroll back, you'll see how many times the weekly (green pivot) is hit, which is quite a high hit rate, with the exception of 2-3 out of 50 whereby price has come within a few % of hitting the weekly but not directly touching the pivot.
I like pivots because they tell traders/investors what the appreciated mean in terms of price for a particular instrument should be at a given time and act as trade targets.
Looking at EURAUD, I see last weeks pivot wasn't hit, so i'm expecting today for price to come within or hit last weeks pivot before resuming north towards this weeks pivot.
For more information, please visit my website which is under development, but you can sign up to find out about my new release! www.ejfxtrading.com