This idea is strictly for education and study purposes only. I will study price at the zone above and as noted for evidence of exhaustion and the probability for a better entry, possibly. This could form over the next week or so, but there is no confirmation. This is not a signal, advice or a recommendation to trade or invest. Trade at your own risk.
For demonstration and educational purposes only. Possible 1400 pip drop. Watch for evidence of clear rejection and observe how today's daily candle closes.
For demonstration and educational purposes. Study price action for rejection on at least the H4 at zones noted.
For demonstration and educational purposes only. The more conservative entry is to wait for a re-test back to support after an impulse. The markets often give us more than one opportunity to enter.
Reversal may take time to materialize; Price could range between $8 and $20 for the intermediate term. For demonstration and educational purposes.
Watch price action at 1749 for rejection or continued buy to the next level noted; I do believe a bigger drop is to come.
I have not labeled this a short, pending study of price action within this critical zone. So, for now this is for study and educational purposes only. Study, study, study price action in this critical zone and price action. Price action within this zone is very key to whether we will see selling or a continued buy.
Intermediate term outlook. A reversal may take time to play out, but will be a worthy investment for a nice buy to hold. Exercise patience, study and use proper risk management when the time is right.
Watch Daily and H4 for rejection. Could be in order accumulation for fall. Take profit area would offer 800 pips. Study along with previous idea linked below. This is not a signal but a study.
We enjoyed selling yesterday, and price eventually closed at last month's high, with a re-test to last month's high. Could this be a re-test for a continuation up? Remember overall we are still in a buy trend and can enjoy short opportunities; however until price breaches trendline it may not be wise to open short positions. Trade with caution and do not get...
For educational and demonstration purposes. Currently in bear trend; when watching for possible reversal it may not be an aggressive spike but it could look more like this. Just something to consider and study.
Purely for Demonstration and Education Purposes, Hence it is a Tutorial to get our wheels turning about possible outcomes. If market structure plays out...hummmm I wouldn't dare to say this will happen, but if it did, it would be a textbook play. Given the sentiment of the market with economic outlook of South Africa and Coronovirus fears, it's not far fetched. ...
Watch for pullback close to most recent high for sell opportunity.
Watch for rejection on the H4 to short to next key zone, which is also confluent with 38.2% fib retracement level. Trade at your own risk and use proper risk management.
This study is for demonstration and educational purposes. We see the possibility that bulls are losing momentum as price reaches the current key zone as noted. Additionally we see formation of possible ascending wedge, which techincals tell us that we could be in for a droop. Price action at current key zone as noted is key. Will price reject attempts to rally...
For demonstration and educational purposes only. Price is in an overall downtrend and is pulling back, testing 61.8% key fib level twice, which is also a key zone in the market. If price rejects look for a great reward to risk ratio and possible 1200 pip move. Watch price action for clear evidence of rejection. Keep in mind also the strength of the dollar along...
Evidence of wick exhaustion. Watch for break of trendline as noted for possibly sell to zones as shown.
Just a little study for this week. Price is at a key level in the market...look left we can see how price has respected this zone in the past. Is price ready to surpass the latest high or will it range? Study price action. Join my subscription group to join the discussion and play by play analysis. Link in bio or visit www.celestefrederick.com