Weekend Gap and Month S3 Camarilla Tag

GU and seasonality kick in first week of SEP.

Trade active

Long of Month S3 pivot this morning @ 1.2820.

Target = Month R3 Camarilla @ 1.3080. Will sell 1/3 at the weekend gap fill @ 1.2950.

Note

GU Seasonality: imgur.com/a/207mh3Q
EU Seasonality: imgur.com/a/elAU7rA

Note

Decent bottoms for GU and EU first week of September on average.

Note

YEEHAW! Don't know what is happening right now but GU just rose 100+ pips in under a minute.

Trade closed: target reached

Closed half of GU at 1.2950 at the weekend gap fill. +130 pips.

Note

Raised stop to 1.2870

Note

Raised stop to 1.2870, about 45 pips above the entry price.

Trade closed: target reached

Forgot to update this trade. Great Camarilla trades on the monthly S3 and R3s for GBPUSD EURUSD USDJPY this month.

There is about a 60-70% chance that after fully exploring the S3 to R3 range we revert to the mean, the August close (Camarilla pivots are centered on the previous period's close).

Note

GU Also hit the big 50% weekly level retracement and mid line of the big pitchfork guiding the daily trend down.

mortdiggiddy

Find the edge.

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

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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