How to trade using Camarilla Pivot Points
As we have discussed How to generate Camarilla Pivot points now let’s discuss how can we trade using them.
- Price Opens at/Between Support 3 and Resitance3: When the Price Opens between S3(Support 3) and R3 (Resistance 3)we will use the following Rule to take trades
- For Long/Buy Trades: Let the price move till S3,once it reaches S3 take long trade with Stop loss placed below S4 Target for trades are R1,R2 and R3.
- For Short/Sell Trades: Let the price move till R3,Once it reaches R3 take short trade with Stop Loss placed above R4 Target for Trades are S1,S2 and S3.