mrsceleste

mrsceleste Updated 

See linked idea below with commentary. We got trendline break and consolidation. Bulls appear to be exhausting; also based on bullish pennant forming I would expect to see further push to the downside; trade at your own risk and use proper risk management. This trade is for demonstration and educational purposes.

mrsceleste Updated 

This idea is not a signal but is for educational and demonstration purposes, and is simply an idea. Following price action from the higher timeframe to the lower time frame. Possible 470 pips if price hits 61.8% fib level from previous swing low to swing high on higher time frame. Also fundamentally given outcome of elections, we hope to see some strengthening of...

mrsceleste

Refer to trade idea below. Looking for short in accordance with descending wedge to trend line on the higher time frame. This may take some time to develop. This idea is for demonstration and educational purposes only. Trade at your own risk. Possible 350 + pips

mrsceleste Updated 

As the lira continues to deteriorate, we are seeing fresh highs in price of this pair that have not been seen since October 2018. The pair is overbought and is due for a retracement. I'm watching for a break of the trendline and a retest before selling. If price pulls back to 50% fib level we have confluence with trendline. Also, the makings of a possible teacup....

mrsceleste Updated 

This idea is strictly for study purposes and does not constitute a signal. As we study this pair, please refer to my recent post about a short bear run (linked below) Price had bullish movement after hitting a key level of support. (highlighted in red). Price could be retracing to the 50% or 61.8% key fib level before continuing on to further highs. We need to...

mrsceleste Updated 

All kinds of heads and shoulders .Check out the head and shoulders we just completed (link below) that gave us close to 700 pips. This is another possible inverse head and shoulders on a shorter time frame, a short bear run for a couple of hundred of pips. If this occurs looking at retrace to 50% or 61.8% fib level. Price is also contained in an ascending...

mrsceleste Updated 

Possible Inverse Head and Shoulders; price is grazing the 61.8% key fib level in the market from the last swing high to swing low points. Long term take profit area 14.6. Watch for reversal pattern and moving averages on the daily. Trade at your own risk. This idea is for demonstration and educational purposes only.

mrsceleste Updated 

Possible scenario. Watching for bearish break of trendline. If so, would watch for price to reach key level as noted in the market, which also happens to land at 61.8% fib level. For educational and demonstration purposes only. Trade at your own risk.

mrsceleste Updated 

Please refer to the linked idea below, which has so far played out well. We now see in addition to this linked trade, a possible teacup. We see price retraced to the 50% key fib level before making an impulsive move to the upside. I am watching for breakout from the handle before considering a buy position to the next key level as noted. Fundamentally, Moody's is...

mrsceleste Updated 

See trade idea below with analysis and comments. We saw that price bounced off the 61.8% fib level, and took off on a bull run. It retraced very recently to the 50% fib level and appears to be taking off again. We can look at the daily moving averages (50 and 200) and see that the moving averages are crossing, possibly to the upside. This would be a potential...

mrsceleste Updated 

What a ride!!! If you refer to my trade idea below, you will see updated comments along the way. From a fundamentals standpoint of this pair, there was big budget news this morning for South Africa. The prediction that government debt to GDP would top 60% by 2024 send the rand toppling. The rescue plan for Eskom Bailout helped to calm traders nerves a bit....

mrsceleste Updated 

USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also...

mrsceleste

A few confluences: 1. On the daily, price has clearly rejected the 200 MA. The 200 MA is serving as dynamic resistance on the daily timeframe. 2. Price is flirting around a key level in the market (61.8% fib level) from last highest swing point to swing low point). 3. A tweezer top is also formed at this same area, adding additional confluence. 4. On the H4...

mrsceleste Updated 

Please see my related post linked below as you proceed with this analysis. Recently, from a fundamentals standpoint, the state of the economy at South Africa has recently come into question ahead of May's election. Today, a severe power cut (Escom) has been put in place, which has added more uncertainty to the woes of the already troubled rand. Three things to...

mrsceleste Updated 

We just caught 1400 plus pips on the sell of this pair (note linked related idea below). I have been waiting patiently for indication of reversal. We just received impulsive bullish movement; note also how price respects trendline and has confluence with 61.8% fib level. TP levels 1 and two are placed at 50% and 61.8% fib extension. Yellow zone is a key demand...

mrsceleste Updated 

As I study pairs I like to look at all possibilities in the market and look at confluences in the market for probably trade set ups. As we know, as retail traders, we don't move the markets. We simply go along for the ride. We can study market structure, price action and key levels to formulate possible ideas. Given this, I will say that this idea is for...

mrsceleste Updated 

We see that price bounced oh so nicely off the 61.8% fib level. What a beautiful move! We see also that price is respecting the trendline as noted. I bought this pair at the noted area, where I saw the retest right along the trendline and double bottom candles. I can see what may be the beginning of a potential teacup; however, this is a little ways off. We see...

mrsceleste Updated 

We see price bounced so nicely off the 50% fib level from the higher time frame with an impulsive move. By paying attention to the trendline and in accordance with the fib extension, I would watch for price to reach 50%, 61.8% or 78.6% fib level, which would again respect the trendline as noted. In terms of fundamentals, the South African Reserve Bank defended...