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ICFX
Aug 29, 2019 1:40 PM

Price rejected at yearly CAMH3 Short

Euro Fx/New Zealand DollarFXCM

Description

1. RSI 14 and RSI 21 overbought and in divergence
2. Price rejected from yearly middle pivot MR1 (didnt plot that) - classic middle yearly pivot is a major pullback level
3. Price rejected from yearly Camarilla pivot R3 (H3) - major reversal level. When price reverses CAMR3 next target usually is central (in our case yearly) pivot
4. Price hit a trendline (close based)

PS If price manages to break up - the next long target will be yearly R1
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