Pivot setup on H3 Reasoning: _Choppy market with no clear direction (market is in bear mode). _Bearish Divergence (diminishing bullish momentum) _Overbought (change of pullback) _Swing highs in time range
Nice fat doji off Month CAM S3 on Tuesday... but testing underside of channel and Year CAM S3 now
Daily Camarilla pivots confirmed that S1 support is now a strong resistance level, confirmed from swing high and bearing engulfing from weekly candle. Target for short is a test of ~7000.
AUD/ may break the downtrend and find strength at the monthly S3 which would send it on its way up the channel. if it breaks the channel can expect t to head towards yearly S3
Normal Bullish Movements -- Powerful increase of price supported by volume over last 11 months. Decline of price on significantly lower volume starting January 2018. Flagpole --> Bull Flag. Touch of S3 level ($8500)on Camarilla pivot, this is the reversal level assuming trend stays bullish (decrease on lower volume). This is normal basing. MACD is still...
BTCUSD: Selling at fresh supply zone
EURJPY: Selling at supply zone near Weekly resistance pivot
USDCAD: Buying at low volume fresh demand zone. Main trend is bull.
NZDCHF: Selling at fresh Supply in low volume area. Also confluence with Camarilla daily Pivot (R2)
AUDCHF: Selling at fresh Supply zone on a downtrend. SL is ATR. Confluence with Fibonacci level and camarilla daily pivot
AUDJPY: Selling at fresh supply zone. Confluence with S2 Camarilla daily Pivot
EURUSD: Selling at supply zone near 50% fibonacci and R4 Camarilla pivot
CHFJPY: Buying at fresh demand zone. Confluence with Daily Pivot
GBPAUD: Buying at fresh demand zone. Confluence with D1 Pivot (S1 traditional and S4 camarilla)
EURUSD: Selling at R3 (todays camarilla pivot)
USDJPY: Selling at todays pivot level near 38.2% fibonacci
Friends, Any trader worth his salt realizes that any one indicator on it's own ain't worth shit. A man could lose a fortune simply trading every ABCD pattern he sees, doji candle, or everytime the signal line crosses the MACD. However, when he see all these things start to line up together, great opportunities present themselves. One such opportunity...
cautious, because it close to 200 daily MA, bulls can not give up so easy. keeping tight my stop