Looking to short on R3. Currently the price is below this resistance on a 30m chart. R4 is my stop and S3 is my target.
Yesterday i was able to get a nice short trade on this pair. Today my outlook is bullish. If the price breaks below S4 I'll close my long position and open a short for the breakout.
Waiting for my short entry to be hit. All stops, targets shown on the chart.
My today's early trade will be short on CADJPY once the price will hit the R3 level. S3 is my target and R4 is my stop. Trade plan based on camarilla pivot points.
This is a quick guide how to use this usefull indicator.
When it comes to the EU market and also Sp500 it seems like they just ignore the current situation with the pandemic etc. I'm not gonna go against it as me as a trader I only react to what the markets do. Long for me for today with S3 as an entry, S4 as my stop level and R3 as my TP.
All my trades are based on camarilla pivot points indicator on a 30min charts. Looking also for a PA based on support / resistance levels. R3 level is a short entry where as S3 is a long entry or a TP for shorts. R4 is a stop level for shorts or a long breakout level for longs. The way I trade based on camarilla you can find a video on my YT channel www.youtube.com
I see 2 shorts for today on this pair. the first is a retest of R3 where I would go short with R4 as my stop and S3 as my target. If the price would fall lower i would enter again on a S4 short breakout level with previous support as a TP level.
Based on camarilla, another short for today. R3 if hit might be a good place to short, R4 stop, S3 TP.
I'm not gonna write a full description of my trade. Just look at the chart, it's all there ;)
Yestrday I was selling this pair with a nice profit. Today I'm looking to buy on S3 level with TP on R3 and stop on S4.
Again another possible trade based on camarilla pivot points. R3 entry level, R4 stop, S3 take profit.
I'll try to go long on this pair today. S3 is my entry and my R3 is the target, S4 stop. If I get stopped out it might be a great signal that the pair wants to head lower, perhaps in the US session later today. In that case S4 might be a good entry for short with S3 as a stop.
Using my favourite indicator Camarilla PP. This time I'm looking to sell NZDJPY on a 30m chart. R3 (resistance) which is a point to short with my target S3 (support). R4 is my stop. Let's see how it plays out today. All trades based on camarilla PP are day trades and I close them all at the end of the EU session. No overnight positions.
The pair is in a bearish trend on a H1 chart. If the price will break below the low of 30/04/2020 we might see even a sharper drop to 1.6380-ish.