BOTTOM of bb. oversold on most oscillators. setup for S3 camarilla pivot buy for range trade. the target would be conservatively around 6.9-7k
This is what I see. Breakout occured April 3. Not a good breakout. Hence the move will be sluggish... Its a perfect spot to enter upon retest at weekly low - best price possible.
1. Lower value relationship btw yearly value zones 2019 - 2020 - predicts bear market 2. Thinnest yearly CPR in decades - predicts massive volatility in 2020 3. 2020 floor broken - by CAM rules fall to S5 (coincides with 2018 breakout projection) 4. Yearly open below 2020 pivot - predicts bear market 5. Uncompleted breakdown projection from the 2018 (still working...
This is what I see. We did complete Demark breakout projection for now and touched the unclosed level - missed weekly pivot. We do have a missed monthly pivot and price might go to retest that unclosed level. But missed monthly pivot might mark a start of significant downtrend. And for price to get there it has to break weekly ceiling CAMS4. A break through CAMS4...
Price plays out as forecated yesterday. Tomorrow price will hoit the bottom of last swing low. Supply line accelarated, new demand line broken, price projections fall even further for tomorrow and we just broke the weekly floor S4. Friday free fall. Tomorrow the biggest weekly drop to be expected. EU crisis Friday... THIS IS NO FINANCIAL ADVISE
We are breaking the demand lines one after another. Now Demark prpjects the fall to the last swing low. While Demark monthly S1 projects the breakoit of monthly floor. EURO's outlook is gloomy for April. Price might break the floor. There will be some action at the last swing low as Demark projects trend will end there. It will be interesting...
March 13 2020 amid post Brexit troubles and Coronavirus paralysis panic sell started GBPUSD broke the yearly floor and started a free fall. Though we did complete the yearly breakdown move (2 x the distance CAMS3 to CAMS4, i.e. CAMS5, not plotted as no such tool on TV) but weekly CPR and Weekly Camarilla predict further drop to weekly CAMS3-CAMS4 zone. This would...
Look only for shorts...Ride a safe downtrend during the year. First TP - yearly VWAP - 2020 max price roof. Short all the way to missed virgin monthly pivot high value money zone... A breakdown should occur from that horizontal congestion anytime now.
Weekly pivot did not hold, monthly pivot yes (pierced through though). Price pulled to yearly CAMS3 (coincides with Yearly Volume Weighted Average Price) as it often does once CAMS4 (yearly floor) is broken, before the major push. I still believe this a perfect place to get on one of the largest bearish moves in EURUSD history. This is no financial advise.
Price is at yearly VWAP, the best spot to enter long term trade. Wait for one of two scenarios to develop... Short scenario looks more plausible, but right now price is above VWAP. Wait for breakdown.
Japanese Yen is gonna strengthen...Also gold. They move in sync. Look for shorts. Price always tend to reverse to the mean, in this case last's year close...
Recently I have taken up a camarilla method as my primarily form of trading. Intraday range trading. Why is it different than normal pivots? With camarilla the levels are tighter and as you can see receive more play. It is and has been as precise as a knife. It is a trade systems that tells you exit / entries / stop loss on and it can be done in trend,...
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...
My bearish weekly setup remains in action. Here is the most likely scenario for this week. As I NOTED in previous post price DID RETEST WEEKLY PIVOT.
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.
Hi 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... Good Luck Please Comment us your Ideas...