Memo_Mountain

Memo_Mountain

Head and Shoulder chart pattern on GBPNZD Also price traveling in a Downtrend Price has retested Neck line

Memo_Mountain

1) Price is in 1,64505 a strong PRZ. Strong Support tested many times in 2023 and 2024 2) Price close to Daily 200 EMA, it can bounce from there. 3) Price is in a range zone since jan. 2024

Memo_Mountain

1 - Strong long term Bear Trend since 2021 ✅ 2- Fibo retracement to 61,8 x2 ✅ 3- Last leg to complete on both long and medium term ABCD patterns ✅ 3- Price has closed 2 weeks under price has closed under 200 EMA ✅ 4- MACD pointing Downwards as well + 3 Histogram bars GOOD LUCK! ==================================== I am so happy and grateful with God and myself...

Memo_Mountain

Uptrend on the Weekly TF Price is at the bottom of Key Level - 3 week support Bouncing from 200 4h EMA / 50 Day EMA

Memo_Mountain

1 - Bear Trend since Oct 2023 ✅ 2- Fibo retracement to 61,8 ✅ 3- Last 4 days price has closed under 200 EMA in the Daily ✅ 4- ABC pattern completed , waiting for last stretch C-D

Memo_Mountain

Historic Support has been tested. 2nd impulsive wave may have started if the price closes above 61,8 Fibo Retrace. Next stop 50% Fibonacci level

Memo_Mountain Updated 

1) Main Trend is Bearish on the Weekly 2) Price is under the 100, the 200 EMA and probably will close this week under the 50 EMA, it´s already below it 3) Price is being rejected from Strong Key Levels in descending channel

Memo_Mountain Updated 

Main trend is BEAR since October 2022 Price is entering a powerful historic resistance area 2 rejections have already passed from this area last week making a double -top Price is under de 200, 150, and 50 EMA IF we get a good Bear candle it will mark the way =========== * If you like this idea please leave a comment so we can talk about it * Remember that it´s...

Memo_Mountain

CADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up The young Uptrend channel is evolving Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71 To add to this analysis, last...

Memo_Mountain Updated 

GBP/AUD BEARS are getting stronger On currency strength charts, GBP is still weak; while AUD exhibits bullish pressure, positively correlated with Gold surging toward 1900 levels. If the neckline breaks and holds as a new resistance the 1.7 / 1.65 area is very possible =========== * If you like this idea please leave a comment so we can talk about it *...

Memo_Mountain Updated 

Stand by for BUY signal on Gold 1.790/1800 is an important area of support/resistance. 1) A breach and close above this level, will resume the trend line and climb to 1830/40. 2) if the price can't break the 1790/1800 barrier the trend will most likely change and retreat to 1700 levels 3) Right now, price is underpinned by 1790 support baseline and 50 EMA. And...

Memo_Mountain Updated 

1. The primary trend has been bearish since the beginning of 2022. 2: The price is at the top of the descending channel and will probably go up until it hits the 200 EMA. 3. My method is to enter the primary trend when the price hits the 200 EMA in the opposite direction and is rejected it. 4. The Money Flow Index is at 85 points 5. Plotting a Fibo retracement...

Memo_Mountain

GBPUSD retraced back from 1.036 to Fib 61% ret. He is now out of strength and entangled in the 20 daily EMA. 1.12280 is my safe buy EP waiting for a significant drop, maybe to break the descendant channel baseline moving below to 1.00/0.99 lands ====== I am so grateful to have been taught trading by God and myself. My money grows every day in increasing...

Memo_Mountain

EURCAD can retrace back to Fib 50% and shoot up from that base to complete a clear ABCD MFI shows accumulation 1.3346 is my safe buy EP to later raise to 1.35847 Also pretty close to ascendant channel baseline ====== I am so grateful to have been taught by God and myself about trading. My money grows every day in increasing quantities on a continuous basis.

Memo_Mountain

The EurGbp experienced a huge retracement of almost 100% Fibo retrace. from 0.820 but still within its long-term descending channel. Right now it is retesting the 61.80% Fibo Retrac level. and its continuation is shown with a lot of bear power in the Euro. The EUR/USD pair trades around the 1.1000 level after bottoming at around 1.0944 earlier in the day which...

Memo_Mountain

Double top formation on 4H - Watch for the neckline retest for shorts

Memo_Mountain Updated 

Dogecoin survives volatility and remains on track to $0.60 Bullish momentum is coming back into the market, with many people considering Dogecoin for investment once again. If Dogecoin picks up trajectory, it’s likely that the price will head towards the $0.4000 level over the next month, and 0.55/0.60 by the end of 2021

Memo_Mountain

DXY is currently sitting on important historical support - 93.806, starting Wednesday's Asian session. Yesterday minor support at 93.470 hold good. Leaving DXY back at the bottom of Septembers´ ascending trendline This ascending line seems pretty strong still, if it holds, further gains to the upside are to be expected, having the top of the last 15 days range...