mrsceleste

mrsceleste Updated 

USD/RUB price is being contained in an upward channel and has recently tested a key level of support. TP1 and TP2 represent key levels between previous swing high to swing low points. This pair is very volatile and is subject to larger spreads which vary according to different brokers. Trade at your own risk. TP1: 67.768 TP2: 68.453 TP3: 69.428 TP4: 70.671

mrsceleste Updated 

USD/ZAR lots of fundamentals in play; outcome of US elections (Democrats took the house) is good for the rand; Rand outlook is improving overall economically. Looking for rand to strengthen and hit next key level. Price is currently sitting a key level in the market.

mrsceleste Updated 

USD/ZAR neutral position. Price could go either way. We must observe how price respond to trend line and key levels as noted. We can bounce or break. If the rand deteriorates and South Africa's credit rating is downgraded we can expect a break and bull rally. For now I suggest no position. Sometimes the best position is no trade at all.

mrsceleste Updated 

GBP/JPY Long Idea. Possible head and shoulders. Price has been on a sale ready and is currently bounced off a key level in the market (see yellow highlighted zone) with strong rejection (note long legged doji). Price is currently flirting around an additional key level in the market, at the 61.8% fib level from last swing low to swing high points. Stop loss...

mrsceleste Updated 

EUR/AUD has been exhibiting an overall bullish market sentiment over the past few months. At the end of last week, price rejected a key level of support with a strong bullish candle. Of significant note also is the long wick at the bottom of this bullish candle on the day chart . Given this price action I anticipate price to respect the 61.8% fib level before...

mrsceleste Updated 

USD/ZAR had impulsive bullish movement at the end of last week, followed by a recent correction, which landed at a key level of 61.8% fib level before the next impulsive move. Price action is resembling a bullish pennant, which if played out, would land at at the next key level as noted. Trade at your own risk. Long term I anticipate price to run back to $15 to $16.

mrsceleste

USD/RUB possible teacup formation. Using the Fibonacci tool , there is a marked confluence at a key price level. Note confluence of 61.8% and 50% fib levels on two major swing points at 62.8-63 price area (also highlighted in yellow). If price pulls back to this key level I would anticipate price to make a bull run and extend beyond brim of teacup. This trade is...

mrsceleste Updated 

GBP/JPY approaching 50% key fib level from swing high point to latest swing low. Price is currently pulling back from last sell rally and retesting the most recent high. Price is also being contained within a descending channel.

mrsceleste

Bullish sentiment after correction. Anticipate price to extend back to at least previous highs and possibly beyond.

mrsceleste

EUR/CHF ascending wedge; approaching 61.8% fib level from last major swing high to swing log points. Anticipating drop based on market structure and price action.

mrsceleste

US30 took a significant drop over the past couple of days. Price is approaching a historically significant key level on the weekly and daily (purple line). Note price is also hovering around 50% and 61.8% fib levels. Check out the trendline as well. Also must pay attention to fundamentals. Watching for potential rebound.

mrsceleste Updated 

This trade idea is for demonstration and educational purposes only. We see that price tested the $15 levels and above very recently this year; it has potential to reach these prices again, especially given the economic uncertainties in South Africa. As you can see, price retraced from the most recent bull run, it bounced off the 50% fib level (see yellow oval...

mrsceleste

GBP/JPY is going through a choppy period currently. On the Monthly and Weekly charts we can see that price is currently testing key levels around 50% and 61.8% fib levels. It's important to keep a watch on this pair until we see how price continues to respond to this key area. I see two scenarios. On the 4 hour chart, we can see that price has already broken...

mrsceleste Updated 

USD/ZAR bounced off the 61.8% fib on the weekly chart. Possible head and shoulders, pattern is forming, with price extending to 61.8% fib level on the daily chart in the short term. Also the economic and political conditions in South America forecast a deterioration of the Rand, and a turn to the USD for safety. This trade is for demonstration and educational...

mrsceleste

USD/MXN long idea. Price is contained within ascending channel. Possible teacup formation. On the daily time frame, the lip of the cup tested price area at 50% fib level. On the lower time frame, price has just tested 50% fib level. Price could possibly reach back to 19.7 area. Trade at your own risk. This trade is for demonstration and educational purposes only.

mrsceleste Updated 

EUR/AUD long term short idea; right shoulder of head and shoulders pattern is forming; price is currently in consolidation.

mrsceleste

If price breaks above 1.29360 area, I would wait for a retest before executing a long position; Price testing 50% key level on fib. Price could go either direction to test previous low or high. This chart is for demonstration purposes only.

mrsceleste Updated 

Trend line break, pullback, continuation. Bounce off the 61.8% fib retracement. 14.2 is key price level.. This idea is for demonstration and educational purposes only. Trade at your own risk