GBP/USD Red Level & Camarilla Confluence Should Provide Fresh Selling Opportunities

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/USD is under a retracement. I am watching 1.2495-1.2505 area for fresh selling opportunities.

A reversal candlestick pattern within the POC zone should provide selling opportunities. We can clearly see the confluence between Red Levels ™ and camarilla pivots. Additionally, we can also spot the ATR high. The confluence within the POC is strong and a rejection should happen. Targets are 1.2472, 1.2452 and 1.2390. However, as always, it is advised that traders move their stops in profit, close to important S/R levels due to intraday volatility and possible Brexit news.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of