miracleFx

miracleFx

we've seen price bottom at the recent support level and giving off a divergence with the AUDCAD. interest rate is due to be released on September 20th for the USD. if the Fed increases the rate, we will most likely see price continue to trend downwards however, if the rate stays unchanged or lower, we will most likely see price trend higher. the first big level to...

05:44

miracleFx

price has formed a head and shoulders on the 4 hr timeframe on this pair. at the time of this post, price is at the neckline pending a possible breakout and a retest. i'm looking at a 120 pips target risking 25 pips .

miracleFx

the current uptrend is facing an exhaustion and so we could see price start a new downtrend. price is currently trading around the 1.37000 institutional price level.

miracleFx

price is currently at the neckline of the pattern awaiting a possible breakout. unless we get any fundamental news to cause any upsets, we might see price drive higher in the coming weeks for this pair.

miracleFx Updated 

the strong uptrend has lost momentum at a resistance level (0.91000). price has formed a rising wedge pattern and almost about breakout. i'll be monitoring for a SELL setup on the 1hr timeframe. a break below the pattern might be an indication of the beginning of a strong uptrend.

miracleFx

price is currently holding off the 1.69800 institutional price level after making three touches on the level. i'm anticipating price to break through that level and surge upwards to end the week. price is currently printing indecisive candlesticks. i'll be monitoring for a BUY setup next week.

miracleFx

price has met all the rules for a harmonic pattern and completing point D. i'm anticipating price to buy and possibly hit the first resistant level. total pip for first take profit is 50pips.

miracleFx

price is currently at a strong support level. if that level is broken, it opens up the pair for more short entries bearing in mind the US dollar index found support at 92.00 price level and currently in a strong BUY program.

miracleFx

A bearish flag has formed on the daily timeframe of the EURGBP. second entries can be placed on the 0.90600 price level and a late entry can be placed at the 0.90400 price level. the trade target will be the height of the pole of the flag as per the rule of trading a flag pattern. the 0.8300 can be marked to be reached per this trend.

miracleFx

while price is trading above previous week's weekly low, it's currently trading at a previous support levels making it a significant support zone. price is also trading in a triangle completing four waves. if price doesn't break the current strong support zone, we are mostly likely to see price complete the fifth wave in the triangle pending a BREAKOUT. but if...

miracleFx

at the first glance with candlestick visibility, knowing exactly what price forming is difficult. price is currently trading in a horizontal channel and at the same time formed a head and shoulders pattern. the previous support level at the left shoulder of the pattern can be used as a reference level for price to bounce off. if price breaks through that level,...

miracleFx

price without the candlestick being visible can show a vivid description of a flag pattern formation. i'm anticipating an AB=CD in the descending channel. using the fib retracement tool, price is currently at the 50% level but could go down to the 61.8% level before pulling back. looking at price from the daily timeframe, price is currently making a retest on the...

miracleFx

price without the candlestick being visible can show a vivid description of a flag pattern formation. i'm anticipating an AB=CD in the descending channel. using the fib retracement tool, price is currently at the 50% retracement level but could go down to the 61.8% level before pulling back. looking at price from the daily timeframe, price is currently making a...

miracleFx

price went into consolidation after making a big move upwards. it then breaks the resistance level upwards. i'm anticipating a retest and a continuation in trend upwards. take profit target can be set using the height of the first leg of the flag.

miracleFx

if price breaks the neckline, then the rules of the pattern is fulfilled and that we target the height of the pattern as our target

miracleFx

wolfe wave pattern formation and it's in the 4 th wave anticipating a 5th leg and an entry upwards

miracleFx

initially, price formed a head and shoulders pattern on the 3hr timeframe, broke the neckline and it's almost making a retest to the neckline. on the 2hrs timeframe too, price has completed an ABCD harmonic pattern hitting it's first tp at the previous support level and reaching for the second tp which is at the next support level which also corresponds the...

miracleFx Updated 

price broke the triangle and made a reset at the edge of the triangle. i'm anticipating a 3 level downtrend.