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LTCUSD 1H CAMARILLA MEAN REVERSAL STRATEGY

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Now, we know that this Camarilla pivot trading strategy tends to produce less trading signals.
This means that you won’t be having a trade signal every day.
Don’t worry about it because we have one more trick in our sleeves.
We can show you a very reliable Camarilla mean reversion strategy.
This Camarilla pivot trading strategy only uses the power of divergence along with the pivot points .
It sounds complicated, but in practice is quite easy.
To simplify the process we’re going to look at buying near Camarilla support S3.
All you need to look for the price to make a new low that at the moment we touch the support S3. This means we broker below the most recent intraday swing low.
In this particular example, the price broke below the support S3. Many times it will happen this way. So, don’t expect the Camarilla pivot support levels to hold to the pip. This is why we enter our position once the price gets back above the support S3.
With this Camarilla pivot trading strategy we place the protective stop loss below the support S4.
Note* Use the same rules, but in reverse for selling near the resistance R3.