TheBeast_Castellano

TheBeast_Castellano

FIB RETRACEMENT. 50-61.8 zone hit. We look to TP on the 0.00 or -27 levels. AN Example of how to use the fibonacci tool You can also spot how it broke uptrend support line

TheBeast_Castellano

WE NOTICE GU HAS BEEN GOING ON A NICE DOWNTREND THIS MONTH AND USING OUR FIBONACCI TOOL WE CAN SEE IT HAS HIT THE 50-61.8 GOLDEN ZONE. -NOTICE IT REJECTING OFF MA200 ON THE 2HR TIME FRAME -IT HAS ALSO CREATED A LOWER HIGH. REMEMBER WE SELL THE TOPS AND BUY THE DIPS -WE CAN EXPECT GU TO DROP TO 1.27025 TP1 LEVEL OR 1.2625 TP2 LEVEL

TheBeast_Castellano

Looking at some small pips about 38. Before market closes. -PRICE HIT UPTREND SUPPORT -PRICE HIT 50-61.8 FIB ZONE -PRICE REJECTED OFF S2 PIVOT POINT -21/8 CROSSOVER OCCURING -BULLISH CANDLE ON THE 4HR -IT ALSO CREATED A HIGHER LOW.

TheBeast_Castellano

Looking at the 4hr TF you can see a retracement hitting the 50-61.8 golden zone level of fib Zooming into the retracement on the 15min TF shows us a nice head and shoulder pattern forming inside the golden zone RSI showing overbought We got double resistance... 1 off the trend line, 2nd off the horizontal resistance Using Pivot points you can see the price...

TheBeast_Castellano

HITTING MA 200 REJECTING OFF STRONG RESISTANCE FIB 50-61.8

TheBeast_Castellano

-4HR HEAD AND SHOULDER -REJECTING OFF STRONG RESISTANCE -FIB 50-61.8 LEVEL EVENING STAR FORMING ON THE 1 HR SELLING OFF THE TOP OF THE RIGHT SHOULDER

TheBeast_Castellano

-4hr TF SHOWS AN INVERTED HEAD AND SHOULDER FORMING. -REJECTING OFF STRONG DAILY SUPPORT -50-61.8 FIB RETRACEMENT BUY THE "DIPS" SELL THE "TOPS"...PLACING A BUY ON THE SHOULDER/DIP

TheBeast_Castellano

Looking at EURGBP we can see it has been rejecting off of strong resistance multiple times. The market pattern we see forming is a head and shoulder. Although it has not yet been fully formed we can say that the Right shoulder has a high probability of forming given that the right shoulder is on the strong resistance line. we also show a retracement of a nice...

TheBeast_Castellano

I see a nice head and shoulder. Could be going back down towards the bottom of the channel. Check out in chart notes for more info on the thought process

TheBeast_Castellano Updated 

Showing Overbought on the daily RSI TF It had hit a strong Resistance forming a double top the previous week the retracement from the double top has hit 50-61.8% fib lvl showing price trap... if price breaks support looking to open a sell

TheBeast_Castellano Updated 

Hitting 50-61.8 lvl on fib triple top on 1hr hitting double resistance

TheBeast_Castellano

A simple support/resistance type trade. noticing it hit MA200 on the 1hr and rejected off the downtrend resistance line. I liked the candle stick pattern. Evening Star signals a downtrend!

TheBeast_Castellano

Looking at EURAUD overall from the you can see how the price is starting a price trap. Last week we had it rejecting off the top resistance of the trap creating a double top and signaling the reversal of the trend. today looking at it I see that I could possible be retracting a little.. taking a little breather. Retracted far enough into the golden zone are of...

TheBeast_Castellano

Here we Notice a rising wedge formation. Usually I have noticed it to be a price continuation...Meaning there is strong possibility that it should break towards the downside I place either buy or sell options, For the times where it doesn't follow the usual downside I can still be in a buy. I make sure to add alerts to notify me when price breaks either on the...

TheBeast_Castellano

Confirmations for the trade: -Head and Shoulder reversal pattern -Rejecting off Strong Resistance **We wait for the Break of neckline **Should be also breaking Uptrend support line -21/8 showing sell at least 5 confirmations expected for a sell entry.

TheBeast_Castellano

Rejection off Resistance Hitting MA200 1hr twice Double top formation Break of neckline 21/8 crossover Hitting 50-61.8% fib lvl Looks to be bearish for the moment. I would continue to monitor.

TheBeast_Castellano

Looks like we got a good rejection off MA200 from the weekly TF a head and shoulder on the 4hr a rejection off the downtrend trend line 38% fib retracement lvl signaling a possible aggressive reversal a short term and a long term trade. Lets see where this takes us!