By Camarilla rules, if CAMS4 (yearly broken) is broken we enter short to CAMS5 (yearly, I didnt plot that).
Price is doing a yearly CAMS4 floor retest. Might also test a monthly pivot (frankly, I doubt that).
Situation with GBPUSD is very similiar to EURUSD. Extremely volatile year...
EURUSD found pullback resistance below weekly Central Pivot Range - sell the weekly rip
Newly formed massive weekly Camarilla are predicting 200 pips drop to the weekly camarilla floor. At least.
Price can even drop to 1.03 - camarilla S4 (as last week), but I doubt any further than that. 1.03 should be the ultimate bottom this week.
NOTE THAT - Price might also...
Expect lots of volatility next days in the defined ranges, as weekly camarilla range is pretty wide. Price is likely to bottom at Yearly S1 - 08784. But before it goes there, there is great probability of its return to last week's close - quarterly pivot (retest), as now we hit very strong monthly support - I would not short at this level anymore. Look for short...
Netflix had a massive daily candle today in the midst of selling in the rest of the markets. NFLX doesn't care about viruses. The Year Camarilla R3 pivot just happens to be on that gap which I like because that means it is a bigger price magnet.
as we see the LTC had touched the S3 Camarilla PP for which there should be a pull back to PP and the a Bearish Move Down the next daily S4 PP
This analyse is valid for 3 Days at most...
Please Comment us your Ideas...
Price strongly pierced monthly Camarilla floor and is below yearly pivot , below quarterly and below monthly pivots.
TP1 - first swing low (or the first bullish renko brick).
TP2 - next major historical swing low or Camarilla S5
Cryptocurrency Practice #3
1. Weekly ATR at lows.
2. RSI is printing a weekly bullish divergence.
3. Bounce from year long trendline and monthly CAM S4.
4. Bounce from 85.4% Fib retracement level of Wave 1.
5. Currently showing bullish momentum along with other coins.
Leave a like if this helped you at all, would help a lot!
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.
Stock Practice #2
The 1st wave finished off with an Elliot wave pattern of 1-2-3-4-5.
Waiting for confirmations:
- Break of trend-line.
- Weekly extremely oversold.
- Wave 2 cannot go lower than 85.4%, a drop below $70 would mean the worst for BYND.
- Daily bull divergence.
I am short 30 pips on this trade.
Structure - price is making lower highs and lowers lows on daily
Channel breakout with retest
Camarilla S4 breakout
Target tp1 last swing low, tp2 weekly Camarilla S5, tp3 monthly Camarilla S3
Just sold this thing for the night...GBPJPY opened today by breaking down the daily floor Camarilla S4. Target Cam S5.
ScorpionFX Trend finder shows that GBPJPY is below 20 ema on all timeframes
Quantum Currency Heatmap (7 period) shows GBPJPY is second most weakest pair of all pairs, in bottom 2.