MagicMelFX

MagicMelFX Updated 

Waiting for this inefficiency to fill in the 15-minute chart feels like watching paint dry in a room full of traders—it's slow, tedious, and you start questioning your life choices. But hey, if this level holds, maybe we'll finally catch that elusive unicorn of a trade and ride it all the way to profit town! Who needs excitement when you've got the thrill of...

MagicMelFX Updated 

Asian lows has been swept. Price closed above Asian range and above a strong hourly resistance. Overall bias for daily is also bullish.

MagicMelFX

As today's trading session kicks off, brace yourselves for the momentous unveiling of Continuing and Initial Jobless Claims at 8:30 AM EST – the financial world's equivalent of waiting for a jackpot lottery draw, except instead of winning millions, we're crossing our fingers for signs of a robust labor market. It's like watching a suspense thriller, except the...

MagicMelFX Updated 

Big rejections on 1hr, 30min and 15min. Showed clear signs of rejecting the 149 level. strong resistance area. Made a double top on 5 min to confirm the price is reversing. Clean range going down towards 148.7

MagicMelFX Updated 

Price reversing after creating a double bottom on support. Stoploss under the low of the W formation. TP all the way up to resistance. Looking left, clean range to drive.

MagicMelFX

Price is currently in a range with no true direction. Bias for today was bullish however the daily candle could still flip bearish. We have made a fairly steep bottom wick at 1954 so I don't expect price to flip bearish again today however anything is possible. Once price closes above 1967, I will be looking for buys going towards 1976. Clean range going up with...

MagicMelFX Updated 

M formation on the 15 and 30. Retest of the neckline and we should drive down to fill the range till 1947-1948

MagicMelFX

XAUUSD SELL, Looking to hold this till 2004 as a swing trade. Will go breakeven at 2025

MagicMelFX Updated 

EURJPY BUY if price closes above 148.4 on the next 30min. W formed for extra confirmation as well.

MagicMelFX Updated 

XAUUSD SELL to 2032. Gold broke asian lows and continued down. Expecting price to go to 2032 before it makes its way back up

MagicMelFX Updated 

All HTF are indicating that the price will drive down to the next support. We are heavily bearish.

MagicMelFX Updated 

Bearish HTF - Resistance formed after breaking a support. We should see a push down towards the next support

MagicMelFX

While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1378 Take Profit 1: 1.1300 Take Profit 2: 1.1200 If the level of 1.1750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1750 Take Profit 1: 1.1860 Take Profit 2:...

MagicMelFX

While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9606 Take Profit 1: 0.9500 Take Profit 2: 0.9400 Alternative scenario: If the level of 0.9950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9950 Take Profit 1: 1.0090 Take...

MagicMelFX

As long as the price is above 0.8000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8025 Take Profit 1: 0.8180 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8000 Take Profit 1:...