mmrabea

mmrabea Updated 

Setup: Potential start of an hourly downtrend. Hourly downtrend line is being tested at its the third point coinciding with the 50% Fibonacci level, stepping down from the 61.8% level. We enter at the current level with a SL slightly below the 61.8% level and a TP of the 78.6% Fibonacci expansion level.

mmrabea Updated 

Set up: Oil prices are testing the daily down trend line which coincides with a strong zone of resistance. SL is set at the high of last week (57 area) and the TP at the lows of the last week (53.8 area)

mmrabea Updated 

Setup: Signs of reversal are showing as price battles at the edge of the daily respected trend line. TP is set at the previous low and SL a few pips above the previous high

mmrabea Updated 

Setup: A confirmed down trend and a downward channel on the H4, price has showed a rejection (pin bar) off the edge of the channel, which coincides with the 38.2% fib level; additionally the RSI is at an overbought zone. TP is set at the bottom edge of the channel, SL is above the pin bar.

mmrabea Updated 

Time to buy gold, bat pattern has formed on the H4 chart

mmrabea Updated 

History repeats itself? Very frequently it does.. The pound has been crashing with no signs of when the drain is ending. However, prices have approached a significant historic support line at which the direction of the market turned. All indicators clearly show the exhaustion of the prolonged downtrend and nothing is left but for the bulls to come in at a...

mmrabea Updated 

Edge of the D1 channel plus signs of rejection on shorter time frames from current level leads me to think it's time to go long.

mmrabea Updated 

A confirmed downtrend has formed on the DAX starting the 3rd of May.. Prices now are retracing to test the 61.8% Fib level before showing signs of reversal and continuing the decline to the 11775 area. I'll set up a limit order to sell at or slightly above the Fib level.

mmrabea Updated 

GPBAUD saw a correction throughout the day.. News held the price range within the upward channel (blue). Yellow lines show the confirmed uptrend which we'll now continue to ride up; confirmed by the upward consolidation channel as well as the 61.8% Fib level rejecting the price from further going down

mmrabea Updated 

Set up: A confirmed 4 hour downtrend, price broke the very strong support at the 82.67 level and now heading to retest it as the new resistance. This level coincides with the Fib 61.8% retracement level which I predict will be the zone of which this retracement will end and price will continue the downtrend to the 81.00 level at which I've set up my TP. SL is...

mmrabea Updated 

Price showing good rejection signs at the edge of the confirmed H4 channel, coinciding with the daily resistance at 0.67200 (area). Entry at current levels with a SL few pips above the tail of the high or above the mentioned resistance zone. TP areas are at the other edge of the channel.

mmrabea Updated 

Setup: Rejection at the confirmed daily channel (4 points) + rejection at the 61.8% Fibonacci + RSI > 80 SL: Slightly above the 78.6% Fib level TP: Aiming for 1:3 ROI, initial TP at the intersection with the bottom of the channel.

mmrabea Updated 

Set up: Envelope break + RSI > 70 on H1 SL: Above last week high TP: at last week low

mmrabea Updated 

Set up: RSI > 70 + envelope break + rejection at the 78% fib level on the D1 chart. SL: edge of envelope. TP: intersection with downward channel boundary.

mmrabea Updated 

Set up: RSI > 70 + Envelope break + edge of the H4 channel SL : 12120 area TP: 11789 area

mmrabea Updated 

Set up: Envelope breach, RSI < 30 on H1 SL: Below Pin Bar Low TP: Last week high

mmrabea Updated 

Price testing 78 Fib level with growing signs of fatigue from further retracement.. testing boundaries of the upper daily channel.. I reckon it will reverse and head back down to the other side of the channel

mmrabea Updated 

Price is now trapped within the channel where it is at its highest since the beginning of this month.. this price zone also coincides with a strong historic resistance.