miracleFx

miracleFx

price recently broke out of the channel and is currently making a retest at the edge of the channel. a move back into the channel and below the immediate support level can see price reaching for the edge of the channel downwards making the trend bearish. on the other hand, price is at the 50% fibonacci retracement level. if price trades above the 38.2% fibonacci...

miracleFx

price bounced off the 50% fibonacci retracement level twice. a move further away upwards can see price reaching for the 1.27% or the 1.618% fib expansion levels as indicated on the chart.

miracleFx

price from the past week reached and retraced from a weekly major resistant level. on the 1 hr timeframe, if price trades below the immediate support level, we can anticipate at a 100pips gain otherwise we can anticipate a double bottom formation and a move upwards.

miracleFx

a move above the resistant level will keep price in the STRONG UPTREND and a possible reach in the yellow shaded region also if price crosses below the support level, that's a possible indication of a STRONG SELL with a possibility of gaining at least 100pips

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could this be a possible end in the bearish movement of the EUR/USD? this comes after price hits and trades a bit lower on the lower channel on the EUR/USD weekly chart which also completes the wave 2 of the Elliot wave theory. i am expecting price to move bullish in the coming week and reaching the 1.30063 price level on the weekly chart which will complete wave...

miracleFx Updated 

following the sharp decrease in price after the much volatile market, the price of bitcoin might be settling for $15000. based on the 4hrs time frame, the price wasn't able to break the 61.8 Fibonacci retracement level and immediately pulled back. i see a possible movement of price to the 1.27 fibonacci base expansion level which is $15000.00

miracleFx

a breakdown of analysis on the EUR/USD pair. the analysis on the weekly timeframe is based on the Elliott Wave Theory and the rest based on channels. included on the 1hr chart are possible take profit price levels. please use this wisely

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an ascending is formed on the 4 hours chart of the GBP/JPY time frame. a breakout of the channel downward might see a medium to long term bearish movement and target should be placed the first and second support levels down the channel. on the other hand, if price rather moves up in the channel, then we might see the double top broken and price reaching for the...

miracleFx Updated 

XAU/USD has completed the cup and handle setup with a falling wedge on the daily time frame. I am considering an overall bullish trend in the long term. a break out is also expected from the falling wedge as it has reached at least 75% of the pattern.

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A mini rising wedge has formed in a bigger falling wedge on the 4 hours chat of the GBP/USD pair. a breakout of the the mini wedge upwards will see price breakout of the bigger falling wedge upwards. a breakout of the mini wedge downwards might see price holding the support level in a downwards movement. to trade this setup, you can find corrective patterns and...

miracleFx

A perfectly formed inverted head and shoulders pattern on the 4 hours chart of the USD/JPY pair. To trade this setup, as shown on the chart measure the height of the head and place your take profit at its peak. tp can be set at 113.800 price level.

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after price moving higher a couple of days back, it has successfully broken the 70% of the rising wedge pattern as usual. price may come down as low as $3,100 in the coming days.

miracleFx

After price reaching a major support level, completing a XABCD pattern and reaching the 140.006 price, it is expected to bounce of that level. a reversal may see price all the way up. first take profit may be at 143.340 price level, the second take profit may be at 145.679 price level and the third take profit may be at the 147.212 price level. this setup can be...