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Camarillapivotpoints

EURUSD Monthly Camarilla Analysis - Bearish BiasThis is June Outlook for EURUSD using Monthly Camarilla Pivots which predict monthly volatility, direction and reversal levels. Price started trading below monthly Camarilla S1 - Bearish Bias for now. Trendlines and channels also point move to the downside. Price is likely to retest liquidity block to the downside. TD breakout projection sends us there as well. NOTE: I dont use those analysis for trading as my entries are day trades and on smaller timeframes. This is just for general picture and what to expect in June 2022. FOR EDUCATIONAL PURPOSES ONLY!
Short
by ICFX
1
BTC technical bounce in near futurebased on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly range play from L3 to H3 as well. optimal entry possibly as close the L3 as possible with stop on the L4 weekly or L4 daily for a tight stop. we will have to see what happens if it reaches there. This analysis was done using camarilla pivots on monthly and weekly levels
by Gunslinger2005
2