#GBPUSD long entered a long here, have bullish divs printed with good daily candle close, HTF FIbs holding along with Pivots S3
Target red line first & if all goes well might end up making an iHNS
S3
LTCUSD 1H CAMARILLA MEAN REVERSAL STRATEGYNow, we know that this Camarilla pivot trading strategy tends to produce less trading signals.
This means that you won’t be having a trade signal every day.
Don’t worry about it because we have one more trick in our sleeves.
We can show you a very reliable Camarilla mean reversion strategy.
This Camarilla pivot trading strategy only uses the power of divergence along with the pivot points.
It sounds complicated, but in practice is quite easy.
To simplify the process we’re going to look at buying near Camarilla support S3.
All you need to look for the price to make a new low that at the moment we touch the support S3. This means we broker below the most recent intraday swing low.
In this particular example, the price broke below the support S3. Many times it will happen this way. So, don’t expect the Camarilla pivot support levels to hold to the pip. This is why we enter our position once the price gets back above the support S3.
With this Camarilla pivot trading strategy we place the protective stop loss below the support S4.
Note* Use the same rules, but in reverse for selling near the resistance R3.
AUD CAD to continue up the channel?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
