mrsceleste

mrsceleste

Watch for break of trendline

mrsceleste

This tutorial is for demonstration and education purposes. For full study as we go along please join my $19 subscription channel where we day trade based on price action at www.celestefrederick.com Price action trading is like reading a book. As price plays out we take note of what is occurring and can draw conclusions along the way based on price action at key...

mrsceleste

Price overall still has bearish sentiment. The 200 MA on the daily has been serving as dynamic resistance since October 2019. Price is currently rejecting the 61.8% fib level. Unless price breaches the trendline as noted, watch for drop to next level as noted.

mrsceleste

This idea is for demonstration and study purposes and does not constitute a signal to sell. Based on recent history price action shows evidence that a deeper correction could be imminent. For a safe entry, watch for breakout from ascending channel and a possible attempt to re-test. Sell to the next key zone represents a possible 140 pip gain. Trade at your own...

mrsceleste

Hello All!! Welcome to today's edition of the study of my all time favorite pair, USD/ZAR . We have seen quite a bit of action between the bulls and the bears. Is the market bullish or bearish? Well only time and price action will tell. I can see an argument for both scenarios as follows: Argument for Bullish Market: Over the past few weeks the bulls have...

mrsceleste

This idea is for demonstration and educational purposes. Price is flagging and is sitting at 50% fib level. Study price action for continuation to the upside. Breach of support where price is sitting now invalidates this idea. Trade at your own risk Please feel free to like and offer comments. You can Join my forex study and subscriptions group for $39 a month at...

mrsceleste Updated 

Please refer to the idea linked below for study as it relates to this idea. This idea is for demonstration and educational purposes and does not constitute a signal to sell. We see strong wick rejection at a key level and also the 200 MA serving as possible dynamic resistance. We do know that for the past three weeks we have seen bullish momentum building. We do...

mrsceleste

This study is for demonstration and educational purposes, and study of this will start with the related idea which is linked below. As you recall, I suggested to long term buyers to beware. A few points I would like to make: 1. We are still in a bearish trend, until price breaches the trendline as noted in this tutorial. The bullish price action we have seen thus...

mrsceleste Updated 

This idea is for demonstration and educational purposes and does not constitute a signal USD/MXN Possible reversal. This idea is not for today, given today is Friday and market activity is settling down. However, it's a possibility for next week. IF price respects the key support as noted, and as price reverses, there is a possible minimum 130 pip catch to the...

mrsceleste

For demonstration and study purposes only. Note price break out of trendline and re-test with a strong wick rejection. This leads me to believe price is not yet to sell further. Given the impulse I would look for a slight pullback to the zone as noted, before a buy continuation to the next zone. Trade at your own risk and always use proper risk management.

mrsceleste

This idea is for demonstration and educational purposes only. Trade at your own risk. After this pair finishes the flag, this could present a great buy opportunity. Before buying use confluences to confirm resumpution of bullish trend. Always use proper risk management.

mrsceleste Updated 

For now this remains a study. This is for demonstration and education purposes ONLY. When you look at this what do you see. Impulse, huge flag formation. This flag formation/correction took a while to form and pulled to the 61.8% fib level. What generally comes next? We could have a nice buy opportunity approaching us for next week. We had the bullish impulse, a...

mrsceleste

The chart says it all. We saw a 400 plus pip spike on yesterday, but is it time to buy long term? That is the question. We are not yet out of bear market territory. Before yesterday, price was very much oversold. The 400 plus pip spike we saw yesterday could very well be a CORRECTION before a sell further. This is a gentle reminder that we can never presume on...

mrsceleste Updated 

We had a great time this past Friday studying USD/ZAR and key zones/levels pertaining to this pair.. To Watch the replay of ForexNChill visit the YouTube video at www.youtube.com This idea is being posted as an educational post, following the study from the ForexNChill, where I share how I study this pair. A few things to note as we study: 1. Note price has...

mrsceleste

This idea is for demonstration and educational purposes only. Observance of break of trendline at key zone in the market. Watching for re-test to previous zone and continuation downward.

mrsceleste

This trade idea is for demonstration and educational purposes only and does not constitute a signal to enter an order. As we look at this pair, we see that price exhibited a strong break to the upside out of a bullish pennant as noted. Price is approaching a key zone in the market. According to market structure we can expect a slight pullback. As I study this...

mrsceleste Updated 

This idea is for demonstration and educational purposes and does not constitute a signal to buy or sell. One must study price action to confirm direction of price at each key zone in the market. This idea has been labeled as a short term short idea as part of a bearish continuation after a flag formation. After an extended time of bearish momentum last week, we...

mrsceleste

This idea is for demonstration and educational purposes and does not constitute a signal to sell. This is for study purposes only. For this pair we see a reversal pattern forming on a higher timeframe. If you look at this pair in conjunction with FX_IDC:JPYWCU we can get an idea of how USD/JPY correlates to the JPYWCU (index for JPY) . There is an inverse...