Watch Month Pivot Next Week

We could have a relief rally beginning Monday morning. $DXY $GLD $GDX

Trade fermée: cible de profit atteinte:

Great trade. Notice the immediate rejection from Month CAM R3 right where the target was. Classic.

Commentaire:

Final thoughts:

After rejection the monthly R3 it is possible price tries to retest the August close near 1.1600 before doing anything else, a mere 25 pips below friday's close. This would be typical mean reversion price action back to the middle (Camarilla pivots are centered on the previous period's close).