Murci

Murci

Higher timeframes are looking still bearish for EURUSD with a double top formation on the daily chart and with yesterday's candle closing as a bearish engulfing. Price is at a key inflection point right now which coincides with the double bottom's neckline, showing strong support at the 1.1705 area. We can see how the intraday has been forming a descending...

Murci

Higher timeframes are in a clear downtrend and 4 weeks ago the weekly chart offered a clean rejection off the 50 period EMA with a shooting star formation, hinting that the bearish trend may be resuming soon. Then price has been consolidating for a few weeks. Now we have a clean 4H ascending channel and price seems to be rejecting an area of strong confluences,...

Murci

Ripple is shapping up nicely to reach previous ATH at the 3.3 area. Price rejeted a few days ago the Daily 50EMA and the 0.681 fibonacci retracement, then we saw a proper impulse up and a pennant correction which has just been broken out with a lot of momentum. This means an intraday trend change has happened and price is now creating higher highs and higher...

Murci

We are seeing an opportunity to profit from an awesome trade that has a lot of probabilities to play out both fundamentally and technically. Fundamentals are looking solid not only because this is a positive carry trade, but also because Central Banks have shown recently this week completely oposite views on how they expect their currencies to perform in the...

Murci

In the past few weeks BTC has been showing low momentum as it still moves upwards. I am personally convinced it will eventually reach its next target at 100,000$ (it’s the most probable outcome) however, when and how will this happen? Let’s dig into it. Multi Timeframe Analysis: The BTCUSD monthly chart looks extremely bullish. Last month closed as a solid...

Murci

AUDCAD seems to be aligning for a potential long trade in the next few days/hours. The move could offer a decent r:rw however we need confirmation before committing. Analysis : We have many technical confluences from different timeframes here. Monthly: Even though last month closed as a strong bearish engulfing candle, price is currently re-testing the Monthly...

Murci

NZDUSD might be giving us an opportunity to profit from a quick pullback to the upside. Price has rejected support with a clean double bottom with MACD divergence intraday, followed by a higher high. Then price consolidated forming a triangle pattern and broke out with increasing volume. There is enough room for price to move smoothly to the next supply area at...

Murci Updated 

We are seeing many JPY pairs being overextended across the board and in need of pullbacks. This is a good opportunity to profit from From a multi-timeframe perspective, we have: -Weekly Shooting start rejecting relevant weekly Support&Resistance area. - Daily shooting start formation followed by bearish confirmation the following day - MACD divergence is...

Murci

Supporting the Original XAUUSD analysis I posted last week. We have a very bullish outlook on gold right now. This is just a long trading idea supporting my original analysis

Murci

Price has been in a correction from its daily/weekly bullish trend for quite sometime now, however it looks like we may have one more opportunity to go short before this run is over. From an Elliot Wave analysis, we have completed legs 1,2,3 which were followed by a 4H Flag/complex correction. Now price seems to be ready to complete wave 5 after rejecting recent...

Murci Updated 

Gold is shaping up very nicely for a potential long trade. Using multi-timeframe analysis we can clearly see that: 1. Price has been in a bearish trend for quite some time and this run is now overextended and in need of a pullback 2. Price has formed a very clean descending channel against the weekly trend 3. We are now approaching a key support area at the...

Murci

It looks like the market favoured the last earning releases from the company this week and price has increased with volume which is a good indication of bullish momentum kicking in. On the technical side we have an overall very strong bullish trend that has been under a correction during the past weeks. This corrective period formed a descending wedge pattern on...

Murci

A simple ABC movement supported by multi-timeframe analysis. targetting the 1.27 Fib extension

Murci

Very clear setup from a technical point of view: -Weekly low test candle showing potential reversal - Daily Continuation wedge formation was completed after a tweezer bottom rejected the Daily 50EMA and a rejection of the 0.618 Fib . - Intraday path of least resistance to the upside Target at 1.618 fib extension at the 110 dollar area

Murci

Price seems to be within an ABC pullback. It made a HH , consolidated forming a triangle pattern, and it is breaking and retesting the pattern. I see overall weakness in the pound that is why this is just an in and out play

Murci

ABC Play, quick in and out long with a 2:1 Rw/R ratio. we have a HH followed by consolidation and a kind of a triange pattern with price rejecting support 3 times in a row. Target being the 1.27 fib extension of the whole movement. Concerns: -week HH, potential double top - ECB Interest rates release later today may cause high volatility (however interest rates...

Murci Updated 

High strike rate trading idea. This is a quick in and out play, a 1:1 targetting S1. nice bearish moemntum form the daily timeframe.

Murci Updated 

This pair is overextended and at a major support on higher timeframes. It is forming a wedge and rejecting support at 0.76. I am playing the pulback to the 0382 fib level at around 77.15 due to the good momentum that is kicking in right now