Camarilla Levels

There are numerous types of pivot point indicators available in the world of trading, such as
standard ones, Fibonacci, and Murrey Math. For me, there is only one indicator that counts:
Camarilla. I have been a big fan of the Camarilla Pivot Point indicator, for good reasons which
we will explain in detail below. I consider the Camarilla indicator as the best indicator on the
planet for the following reasons:

 It identifies support and resistance;

 It helps with determining the trend;
 It adds confluence to our charts;
 It shows bullish and bearish zones of day and week;
 It spots triggers;
 It provides clear entry and exit points.

When you take a look at the template that I use you will see even more key benefits to you as a
trader:

 Levels are generated automatically each trading day;

 It fully supports pre fact analyses, which I make for you each day;
 It is clear and concise;
 The chart stays simple with Camarilla lines.
Source: EUR/USD, m15 chart, Admiral Markets platform, Oct 31 2017

Simply put, the Camarilla indicator provides well respected, simple, and automated levels of
support and resistance. When I started trading, a friend of mine once told me that Camarilla is
also used by some bank and institutional traders. We can easily identify levels of support and
resistance and here's how:

 W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

 W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
 W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
 D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
 D L3 – Daily Camarilla Pivot (Daily Support)
 D L4 – Daily H4 Camarilla (Very Strong Daily Support)

Occasionally you might see D L1, D Cm, and D H1. Those are the very first levels of support
and resistance, D Cm being the pivot point for the day.

The H3 and L3 are range levels. Price is in range or consolidation when it's in between the H3
and L3 levels. Traders can use these levels as a break or bounce level. I always try to look at the
higher time frame then look for a breakout if a trend is visible on a higher timeframe.

I am looking for a bounce if a range is visible on a higher timeframe. The H4 and L4 are the first
breakout targets. Price is in a breakout when price manages to break below the L3 or above the
H3 .
The first initial target is the L4 and H4. Traders can either take profit there or wait for the higher
target at H5 and L5. The H5 and L5 are the second breakout targets meaning that the second and
the last target for a breakout is the L5 and H5 .

Traders who missed the first breakout can attempt to join the breakout after price hits the H4 or
L4
upon a pullback or second breakout.

Camarilla levels are the primary source of the confluence that I am looking for when analysing
and trading.