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Camarilla Swing Trade Indicator
What is the Camarilla Swing Trade Indicator?
Camarilla Pivot Points Explained
Camarilla Swing Trade Strategy
- The weekly opening price is greater than the Camarilla Pivot Point (CPP).
- Look for buy opportunities when CPP is below Support Line 2.
- A breakout of the support line between the second and fourth support lines signals a potential upward movement.
- Set the stop-loss (SL) at S5 and take profit (TP) equal to the distance between the entry and SL points.
- The weekly opening price is less than the CPP.
- Identify selling opportunities when CPP exceeds Resistance Line 2.
- A breakout of the resistance line between the second and fourth resistance lines indicates a downward trend.
- Set SL at R5 and TP equal to the distance between the entry and SL points. π°
Key Features and Benefits
Conclusion on Usage
Today, we're diving into the intriguing world of the Camarilla Swing Trade Indicator, a shiny new toy for Forex traders. What's this about? Well, it promises to give you support and resistance levels based on last weekβs prices. Sounds foolproof doesnβt it? But before you thr ...
Release Date: 16/12/2023