So essentially Short if after open it goes to H3/Pivot FIRST. target the L3 (tp some and maybe beyond but take some profit)
Long if it goes to L3-L4 first. and stop loss just beyond L4. Target H3/Pivot (same thing but opposite. do this if it is the first move post open
IF it hits H3 first play it as short. if it hits L3 first try long. no matter which hits first... first take profit will probably be purple coming P line. then can target the opposing H/L3 and beyond over the week
based on the logic that the new weekly pivot gets tested after Mondays close (as well as whatever gap is made) untested pivots ALWAYS tend to get tested. can easily open them and see yourselves. good luck all
Strong weakness. Price falls out of channel with retest and breaks down the yearly floor (Camarilla L4) also with retest.
Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that).
This is no financial advise.
Top positive correlation 1 day
1 GBPAUD - GBPMXN 89.1%
2 GBPAUD -...
It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left
these on the charts are weekly camarilla pivots. the blue numbers are upside and downside targets.
the upside. 2nd target would fall in line with a 3rd test of major trendline and may be the call to a larger dump if failed. or larger breakout.
the downside. falls in line with linear regression and current local downtrend as well as a minor CME gap.
H4 and L4...
These are camarilla weekly levels. these are the levels to watch for price action. orange. is ranging. Red is breakdown. Green is breakout. I personally will aim to short rejection of H3. but will do so with tight stops and ready to flip on H4 confirmation. good luck
Cryptocurrency Practice #2
1. Weekly ATR at lows.
2. Chinese buyers slowly rising for cryptocurrency and Vechain is on their sights thus creating a huge rise in volume from the past weeks.
3. Bounced from monthly oversold area.
4. Confluences with eventual BTCUSD rise.
5. It is looking to break from year long trend-line and CAM R4 breakout levels.