2022-02-25/28 on GBPAUD 4H ,
this i a mistake i made and that should be avoided (fortunately i managed to recover it) :
don't be mistaken with the MonthlyPivot (Yearly) indicator :
if we have not reached yet the ADR Monthly Range (ADR 1.13) red line (GBPAUDH4.png) ,
a Monthly (Yearly) Pivot (purple) line is not enough to enter (GBPAUDDaily.png) ,
we need at least a Monthly (Yearly) S1 (light blue line of GBPAUDDaily.png) to enter ! (with all other conditions met)
On the other hand, if we have reached the ADR Monthly Range (ADR 1.13) red line ,
a price <= Monthly (Yearly) Pivot (purple) line is enough to enter (with all other conditions met) !
Trade well!
Julien Moog