BTCUSD - Shortside from Swing High, Facing Strong ResistanceDaily 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.
Camarilla Pivot Points
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
BTC/USD - Normal Bullish Price Movements (Month)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 expanding as well.
Jan 2018 volume was 1/8th the volume of December alone; watching how the volume behaves in February will guide whether S3 will hold.
In other words: The decrease in price is not supported by volume; not much selling going on relatively speaking.
EURJPY: Selling at supply zone near Weekly resistance pivotEURJPY: Selling at supply zone near Weekly resistance pivot
USDCAD: Buying at low volume fresh demand zone USDCAD: Buying at low volume fresh demand zone. Main trend is bull.
NZDCHF: Selling at fresh Supply in low volume areaNZDCHF: Selling at fresh Supply in low volume area. Also confluence with Camarilla daily Pivot (R2)
AUDCHF: Selling at fresh Supply zone on a downtrendAUDCHF: Selling at fresh Supply zone on a downtrend. SL is ATR. Confluence with Fibonacci level and camarilla daily pivot
AUDJPY: Selling at fresh supply zoneAUDJPY: Selling at fresh supply zone. Confluence with S2 Camarilla daily Pivot
EURUSD: Selling at fresh Supply zoneEURUSD: Selling at supply zone near 50% fibonacci and R4 Camarilla pivot
CHFJPY: Buying at fresh demand zone. Confluence with Daily PivotCHFJPY: Buying at fresh demand zone. Confluence with Daily Pivot
GBPAUD: Buying at fresh demand zone. Confluence with D1 PivotGBPAUD: Buying at fresh demand zone. Confluence with D1 Pivot (S1 traditional and S4 camarilla)
USDJPY: Selling at todays pivot level near 38.2% fibonacciUSDJPY: Selling at todays pivot level near 38.2% fibonacci
Benny: Great moves heading into market open on Aussie/KiwiFriends,
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 exists right now on AUD/NZD.
Using the camarilla equation, we see a weekly reversal area S3 around 1.06 (hint hint, even handled psychological round number) . We also see an R4 monthly break out signal in this same area. This area also lines up with a 1.618 extension, and a .382 retracement of the last huge leg. 2 different ABCD patterns complete in this same area as well!
It could be a strong buy area, with a natural two to one R/R. If we do see price break lower beyond the S4 weekly and R3 monthly, and my manually drawn daily resistance/support line (small blue dashed line) I would be bearish on this pair for the foreseeable future.
If some kind of territory is breached, we look to an overbought/oversold condition on the RSI, and a wide dispersion between the MACD and signal line.
Stay thirsty, my friends.
-Benny Manieri
Camarilla Quick Scalp Opportunitycautious, because it close to 200 daily MA, bulls can not give up so easy. keeping tight my stop
USDMXN scalp CamarillaSell at break down R3 level. Posible momentum shift, as RSI bouncing from 60 is well
GBPNZD Camarilla Scalp setupI have order to buy on R4 break. Idea supported with triangle break and elliott wave count (looks like wave 5 begining) in the bigger timeframe
