Gold has been trading in a descending channel since May. But something had to happen after bottom got rejected... unfortunately it was war. Eastern conflict launched XAUUSD to the first checkpoint before the Moon. It broke through semi-channel resistance, static resistance at 1945, main channel upper dynamic resistance and finally stopped just below...
Between H3 and L3 would be ranging price action. could take shorts on H3 or long on L3 with stops on corresponding sides H4 or L4.
breaking H4 or L4 with candle close under could lead to breakout levels 5 and 6.
camarilla monthly pivots show that likely will retrace upwards to 8 with another potential drop to 3 to 4 that is still in the cards. IMO it depends on if btc bounces from here or has another leg down first
these are yearly camarilla pivot levels. I consider the L3 area a grear place to buy. I do not consider us in an actual macro bear market unless the L4 is broken. and I would be aiming for at the very least H3 within the year.
Indicators used. Camarilla pivots on monthly levels. Linear regression. HH HL LL LH with RSI. / Oscillation, ppo, shaff trend / MacD
The Green and bullish path would indicate us breaking H4 and closing over it on a daily. The target would be H5. If this happens stoploss would be H3. To see these happen we would want to see more consolidation in the levels we are...
I put the call to actions on the chart.
Using a combination of daily and weekly camarilla pivots and the cpr central pivot range.
Wide cpr says that a ranging day is more possible than not as the lower timeframes are oversold
reguardless the stop loss levels are pretty nearby so if it broke up the stoploss is tight.
Breakdown levels also provided
right now btc is in a possible range reversal down place. However if btc breaks abd retests or holds the H4 on even an hourly. Based on camarilla pivots the stradegy would be to long with stoploss at h3 and target h5 and h6. If you need a short hedge the play is,l to short loss or rejection of H3 with stop at H4 target L3 and possibly lower
stop loss at H4 or just above. target l3 or pivot camarilla pivots and cpr levels being used in chart. entry optimal at h3 and would want to see it rejected or over taken and then lost. intraday day setup only
On average during election years, the pound has a sharp selloff beginning around June 15 - June 20 during election years that lasts the remainder of the year. There has been plenty of volatility in currencies and equities this year because of the virus reset, and this volatility can continue to year end.
The target shown is just a minimum target, however a...
Now, we know that this Camarilla pivot trading strategy tends to produce less trading signals.
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This Camarilla pivot trading strategy only uses the power of divergence...
