MamBit

MamBit Updated  Jan 17, 2024

Loss momentum can be influenced by various factors such as economic data, geopolitical events, interest rates, and market sentiment. Wait confirmation on FIBO + Break and Retest

MamBit Updated  Jan 14, 2024

I have identified what I believe to be a significant pattern, the "Triple Tap," on the USDCAD currency pair. Let's break down the analysis: Observation: We formed a higher high above the supply zone (TRAP), indicating potential trap conditions. Pattern Recognition: The price has tested this supply zone three times without surpassing it in terms of value. We are...

MamBit Jan 14, 2024

NZD/USD: Deceleration but immature momentum, below the supply zone, many rejections in the 0.62825 - 0.62700 zone. We have a gap to fill in the 0.64115 - 0.63400 zone. I'm waiting here, closely monitoring, and will provide updates. I'm Neutral.

MamBit Jan 14, 2024

On NZDJPY, there appears to be a Rising Wedge formation with several noteworthy observations. There's been one Fake Break, no top Wick, followed by another Fake Break, and no Bottom Wick. Although there hasn't been a deceleration at the Fibonacci 0 level yet, we are currently touching the Trend Line and have formed two consecutive Higher Lows. Therefore, consider...

MamBit Jan 14, 2024

On GBPCHF, there's not much to say. A Bear Flag Pattern is decelerating on liquidity. Wait for confirmation of a Break + Dirty Retest or Retest (be careful). I believe the descent will be very strong. Avoid taking positions at the top of the Fibonacci retracement simply because we have long wicks providing support in the 1.08420 zone.

MamBit Jan 14, 2024

On AUDUSD, we've already witnessed a Fibonacci retracement from the last low, capturing liquidity at the high with a bearish candle showing a top wick (deceleration). The retracement unfolded smoothly with significant bearish candles (indicative of profit-taking), but we retraced all the way to the H1 W Support, respecting it with long bullish wicks. I'm...

MamBit Jan 14, 2024

"We are currently observing a flat-top triangle pattern on GBP/USD, awaiting a breakout followed by a retest to consider a long position."

MamBit Dec 23, 2018

ETE en formation