Watch Month Pivot Next Week Long

FX:EURUSD240

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 7, 2018 5:42 PM

We could have a relief rally beginning Monday morning. DXY GLD GDX

Trade closed: target reached

⋅ Sep 14, 2018 8:49 PM

Great trade. Notice the immediate rejection from Month CAM R3 right where the target was. Classic.

Comment

⋅ Sep 16, 2018 10:44 PM

Final thoughts:

After rejection the monthly R3 it is possible price tries to retest the August close near 1.1600 before doing anything else, a mere 25 pips below friday's close. This would be typical mean reversion price action back to the middle (Camarilla pivots are centered on the previous period's close).

Comments

USAS_INC

⋅ Sep 9, 2018 7:36 AM

Be Careful we have classical HnS Pattern. Euro pressurized for something it seems under Dollar.

USAS_INC

⋅ Sep 13, 2018 1:38 PM

@USAS_INC, K Live your longs :)

Mcgrafico

⋅ Sep 8, 2018 7:00 PM

Hi, good afternoon. Would you like information where I can find a study of this type made in your graphic design and a harmonious pattern? And what kind of tool are you using in this trade system?
can you help me ?
Congratulations on your study !!!!!

drkam2

⋅ Sep 8, 2018 4:55 PM

So you expert a gap up by market opening

drkam2

⋅ Sep 8, 2018 4:56 PM

@drkam2, do you expect a gap up by market opening