Euro Crushed in a Great Forex Session – Check Out the Camarilla Levels
The euro was crushed in a great forex session. Bearish pressure dominated from London open. Volume price analysis revealed heavy selling. This created strong downside momentum across EUR pairs. The euro suffered due to German PMI data which came in far worse than expected, but continued the downwards trend of the last 12 months, and moving further away from the fulcrum of 50. With German production slowing, this is not good news for the European economy in general, and this bearish sentiment was also reflected in global equities.
Camarilla Levels in Action
Camarilla levels played a key role here. They provided dynamic support and resistance. Price broke lower levels with high volume confirmation. Quantum Camarilla indicator on MT5 highlighted R4/R3 as breakdown points. This guided short entries effectively. The Camarilla levels indicator gave us some excellent levels, both as targets and also potential opportunities, on the NinjaTrader platform.
Lessons from the Session
Great sessions like this show VPA power. Combine Camarilla with volume for clearer signals. Anna Coulling’s approach spots exhaustion and continuation. Quantum tools make it simple to navigate volatility.
Check Camarilla levels next time EUR moves sharply. They often mark turning or acceleration points.
Advantages of the Quantum Camarilla Levels Indicator and How to Use It for Forex Trading
The Camarilla Levels Indicator is a favorite among intraday forex traders. Quantum Trading’s version takes it further. We extended it to six levels on both sides—R1 to R6 (resistance) and S1 to S6 (support). This upgrade provides deeper insight. It helps navigate volatility with precision.
How the Extended Six Levels Work
Standard Camarilla offers 8 levels (4 each side). Quantum adds R5/R6 and S5/S6 for extremes. Key zones:
- Rangebound Area (R2 to S2): Price here often consolidates. Low volume common—patience required.
- Breakout Zones (R3/R4 and S3/S4): These trigger momentum. High volume breaks confirm trends.
- Extreme Levels (R5/R6 and S5/S6): Rare but powerful—reversal or acceleration points.
This structure maps daily flow clearly.
Advantages of Quantum Camarilla for Forex
Quantum’s indicator stands out:
- More Precision: Six levels vs standard eight—finer granularity for entries/exits.
- Visual Clarity: Clean plots with alerts on level touches/breaks.
- Multi-Timeframe: Works on any chart—daily for bias, lower for timing.
- VPA Integration: High volume at levels validates conviction. Low volume warns of traps.
- Platforms: Seamless on NinjaTrader, MT4/MT5, TradingView.
It’s built for real traders—reliable in fast forex sessions.
How to Use Quantum Camarilla in Forex Trading
Apply these steps:
- Daily Setup: Levels calculate from previous range. Load on major pairs (EUR/USD, GBP/USD).
- Range Trading: Price in R2-S2 = consolidation. Fade extremes with volume confirmation.
- Breakout Trading: Break R3/R4 upside on high volume = long. S3/S4 downside = short.
- Reversal Plays: Rejection at R5/R6 or S5/S6 with volume—counter-trend opportunity.
- VPA Confirmation: Always wait for volume. High volume at level = conviction. Quantum Trend Monitor aligns direction.
Example: EUR/USD tests R4. High volume break = long momentum. Pullback to R3 on low volume = entry.
Why Quantum Camarilla Excels
This indicator turns daily pivots into actionable edge. Extended levels catch moves others miss. Combine with VPA for disciplined trading. Anna Coulling’s methodology with Quantum tools makes forex clearer and more consistent.
Discover the advantages today. Quantum Camarilla Levels Indicator delivers precision for forex traders. Upgrade your intraday game.
By Anna Coulling
Creator of Volume Price Analysis