Advanced Camarilla Calculator is one of the most commonly used trading calculators. This calculator can be used to generate levels.
Scenario 1
Open price is between H3 and L3
For Long – Wait for the price to go below L3 and then when it moves back above L3, buy. Stop loss will be when price moves below L4. Target1 – H1, Target2 – H2, Target3 – H3
For Short – Wait for the price to go above H3 and then when the price moves back below H3, sell. Stop loss will be when price moves above H4. Target1 – L1, Target2 – L2, Target3- L3
Scenario 2
Open price is between L3 and L4
For Long – When price moves above L3, buy. Stop loss when price moves below L4. Target1 – H1, Target2 – H2, Target3 – H3
For Short – When the price goes below L4, sell. Stop loss when price moves above L3. Target 1 – L5, Target 2 – L6
Scenario 3
Open price is outside the H4 and L4
Wait for the prices to come in range and trade accordingly.