Euro crushed in a great forex session – check out the Camarilla levels

Euro crushed in a great forex session – check out the Camarilla levels

The euro was crushed under the weight of the 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. The Camarilla levels indicator gave us some excellent levels both as targets and also potential opportunities on the NinjaTrader platform. https://youtu.be/Mq4hcUK3RZk...
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Camarilla Levels Indicator For NinjaTrader 7/8

Camarilla Levels Indicator For NinjaTrader 7/8

We will shortly be launching the Camarilla Levels indicator which will be available for both NinjaTrader 7 and NinjaTrader 8 and following the succesful launch last month for MT4 and MT5. The indicator is based on the original concept of floor pivots which were popular with floor based exchange traders. The Camarilla levels indicator presents six levels from R1 to R6 and from S1 to S6 with the range between R1 and S1 then designated as the buffer zone. As the price action moves from the various levels and tests other, signals are then delivered by the indicator which help to advise traders of forthcoming potential setups as follows and to suit your trading tactics: Reversal Trading For reversal trading the key levels to watch are S3 and R3. These are levels which when approached signal potential reversals. So when price is approaching and tests the S3 level below the buffer zone, a reversal to the upside may be on the horizon....
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