Long to Month CAM R3

Backtest Weekly R3 here after rejecting Weekly R4 this morning.

Note

3:1 profit margin with stop just below the weekly pivot.

Note

My stop happened to be exactly 1 pip below where this chart says it is... I am still in... by pure accident.

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The range for the month is clearly between Month CAM S3/R3 as shown.

Trade fermée: ordre d’arrêt atteint

Dollar was just too strong. In hindsight the recent pop on NU that was followed by immediate selling is classic volume spread analysis (VSA). It was a great opportunity to short more.

Note

Though stopped out, this trade may eventually work this week and into next. Pay attention to this fork.

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As well as the descending cyan line in this daily chart.

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This Schiff fork on the day chart is also playing a role. Big confluence of intersections at the 2018 low apparently. Thanks @leefuri

mortdiggiddy

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
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mortdiggiddy

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy