mrsceleste

mrsceleste

For demonstration and education purposes. As we study descending wedge formations in market structure, you may do so by Google search of "Descending Wedge Forex" we see this trade idea could be a possibility. Depending on how the daily candle closes, we may also have the makings of a bullish tweezer bottom (Google search that as well). Watch for bullish breakout...

mrsceleste Updated 

This idea is for demonstration and study purposes only and does not constitute a signal to sell. On higher timeframe we had wick rejection at key level in the market. Price had bearish run today, short -term, and appears to be re-testing trendline for continuation/drop to the next key level. This study is for zone to zone with no attempt to guage movement of...

mrsceleste Updated 

For demonstration and education purposes only. Study of price action. Price has hit a key area of resistance and could change trend. Watching for pullback to last week's high, which is also a key zone in the market. If so, will study price action and confluences for possible drop to key level as noted. This idea is not a signal but a study. If you enter, you do...

mrsceleste

Please reference the idea linked below. Pair appears to be experiencing deep pullback and reversal pattern on a lower time frame. Before considering this buy trade, watch for bullish impulse up to signify this trade will continue after the pullback. Possible 300 pip move. Trade at your own risk and use proper risk management.

mrsceleste

Possible 225 continuation to the upside after pullback. For demonstration and educational purposes. Trade at your own risk. Always use proper risk management.

mrsceleste Updated 

Recent reversal in trend offers buy opportunity. We had impulsive movement today. Watching for correction/pullback to trendline before continuation up. Pullback area is key zone; also expect price to graze moving averages as dynamic support. Study price action around this area for impulsive move to the upside along with other confluences. Trade at your own risk....

mrsceleste

This trade idea is for demonstration and educational purposes only. It does not constitute a signal. Study price action and use confluences to confirm before entering. USD/ZAR has pretty strong area of resistance overhead; price could be due for a pullback to the key zone as noted; moving average possibly serving as dynamic resistance. We see bearish push down...

mrsceleste Updated 

Study this with me! This is not a signal but a study. Price stalling at key level in the market. Ascending channel. Possible offer of a short sell opportunity for today. Price could hit any of these three levels as noted. You must study price action as this plays out. Study and use your confluences. What are confluences? They are multiple confirmations you use...

mrsceleste Updated 

Higher timeframe analysis presented here for an overall market perspective. Before considering a buy, suggestion is to drill down to lower time frame and use analysis and confluences to enter at correct point with tight stop loss for greater reward to risk ratio.

mrsceleste

This analysis is an update to the linked analysis below. Analysis is subject to change as we monitor price action. Price testing key zone in the market. Sometimes the best position is no position until it becomes clear. Watch for bullish or bearish break to the downside or upside. Short term moving averages appear to be due for a cross, possibly to the downside,...

mrsceleste Updated 

Contra-trend trade opportunity for a possible 80 pip catch. Watch for bearish impulse and on safe side cross of trendline as noted. Trade at your own risk. For demonstration and educational purposes only.

mrsceleste Updated 

Price contained within ascending channel. Divergence noted on the H1. For educational and demonstration purposes. Trade at your own risk.

mrsceleste Updated 

This idea is for educational and demonstration purposes only. At market open observe price action. Price is flirting around a key zone. Watch price action around this key zone to ascertain if price will bounce or break the trendline as noted. If price breaks, we can expect a re-test and continuation down. If price bounces off the trendline with bullish price...

mrsceleste Updated 

For educational and demonstration purposes. Trade at your own risk. Calling this a short and then long possibility as a continuation after pullback. Strong rejection at 50% fib level; expect pullback before continuation back up. Contra-Trend trades can be a bit tricky; it's best to trade in the direction of the trend. The trend is your friend.

mrsceleste

In this idea I will study this to see if price action will follow market structure of a falling wedge. This is strictly a study and not a signal. The chart says it all about what to expect with falling wedge pattern. However, the market can do what it wills. Trade at your own risk. This is for demonstration and study purposes only.

mrsceleste Updated 

Please note, this idea is for educational and demonstration purposes and does not constitute a trade idea or a signal. The entire idea is much too far out to predict. As such, this is a study. Trade at your own risk. To demonstrate please note the following: 1. This pair has seen an extended bull run. Given this we can expect the market to adjust itself by way...

mrsceleste

This idea is for educational and demonstration purposes and does not constitute a signal. Does history repeat itself? You will see that I modeled previous price action as noted to current price action. Underlying fundamentals at play, to keep in mind are the weakening of the Mexico economy. Market structure mimics broadening wedge. Note also 9 and 50 EMAs which...

mrsceleste

As a follow up to my previous post (see below), we see that what we have seen in the way of sell activity was a deep pullback to the trendline. When we are not sure what the market is doing, it's best to wait than to presume. Let us also look left, we see retesting of key zone (wick). Will price continue up to 15.5 and above? Continue to study price action and...