Trading Summary - Bearish Black Swan pattern ( 1.13800 ) has achieved its structural target at 1.12000 where Fibonacci 0.618 Fan meets SMA 100. - A fresh short trade at 1.12170 has achieved its first target 1.11680. ( M30 Chart Head & Shoulders Pattern) Technical Overview and Levels - The medium-term trend is still bullish as the EURUSD pair is trading...
Is BTCUSD, forming a H&S, on the daily? In overbought territory, on the Murrey math lines.
Was just observing how prices react to murrey math lines and finding some impressive price action around these lines... Ichimoku defines what is the equilibrum price levels and MML defines what is the price extremes. So when prices go to any extremes we should be ready fade the price back to equilibrium. Once the prices are in equilibrium meaning inside the...
Levels and patterns as described on the chart MM 6/8 H4 Resistance Good Luck!
Harmonic Readings as described in the chart + Fib 88.6 R MW Bear Technical Indicators: MM +2/8 D1 Extremely Overshoot W1 SMA 100 R H4 MM 4/8 SR RVI Div Good Luck!
If you have a better Idea, feel free to share...
Bearish Breakdown Scenario as described in the chart. H1 MM 0/8 Long Opportunity
USD/JPY is on an upward trajectory movement with sustained pressure from the bulls. According to Murray math lines 110.925 is the overbought zone. We anticipate the zone to render selling pressure which could initiate a profit booking rally. Hence it could be a good entry point to initiate short positions.
The GBP/JPY pair is currently in a downtrend in the 4h chart. The 0/8 level of Murrey lines is lending support to falling prices. Hence we expect the pair to bounce to the resistance levels of 146.094.
Key Fundamentals: BoE’s Carney could not convince the markets for the further rate hikes. Markets need to see very strong macroeconomic data flow on the UK side. Even the negative US Job data could not stop DXY bullish run. You can read our latest DXY analysis Weekly Chart: Strongly Bearish. Cable is below all main Moving Averages. Testing the Murrey Math...
The DXY is facing resistance on 8/8 levels in Murrey math lines drawn of 4-hour time frame. The index has also formed a higher low with a evening star formation. Hence, as per Murrey rule we expect the index to move towards 4/4 level.
Price looks like its going to break resistance and continue long. volume switched to buy and MM oscillator showing buy. Huge risk:reward ratio of 1:5
Sell signal showing across all indicators, expecting price to drop to minimum of 1.618 fib extension
Short term trade, price looking overbought Volume showing sell across both indicators. TP is fib extension 2
Murreymath Oscillator (Coloured candles) indicating a bottom of the downward move Volume showing a switch from bears to bulls Nice break of descending trend line Take profit at 0.618 fib retracement level but likely to change depending on market conditions.
Price has retraced nicely to the 0.5 fib level from previous move. MM oscillator showing support with yellow bars Volume indicating bulls taking control of price. TP at previous high nice RR ratio of over 1:3
Price has trended nicely and moved through to the 1.618 Fibonacci extension level. We've seen a slow down and a failure to break past 0.7380 which appears to be a nice resistance level. We are overbought on the MM oscillator. Volume showing a switch to selling dominance. Expecting good drop with a good RR ratio of over 3.5 (but could definitely get more if we move...