Mirii

Mirii

The market doesnt move in a straight line... This is as far as I see the EURUSD long position going after which we see some relief which will also be a retest of the breakout level, then after this trade go long again but this time for a long term position..

Mirii

BULLISH CYPHER PATTERN Took a break from the long term analysis. Now looking at opportunities for the coming few weeks. The first one I'm looking at here is a bullish Cypher pattern which has already complete and we are well on our way to hit the first target of this type of pattern which is the 38.2% retracement at 7399 then the second target which is at 7472....

Mirii

I just love trading the Nikkei! Its been good to me in my very short career as a trader. I present to you the Cup & Handle pattern formation. A lot of traders do not believe this is an actual thing but it does exist and it does happen albeit not as often other patterns. The first idea I ever shared about a month ago was based on the C&H pattern formation. I didn't...

Mirii

Look at this baby here... Isn't she beautiful? I find it cool when a series of patterns form and all of them confirm the same thing like we see in this chart. All three patterns are bearish! Every time I get excited about things like this a colleague of mine reminds me that major institutions love these scenarios just as much as me but not for the same reasons. He...

Mirii

I keep seeing bearishness.. Starting to think I am biased. Anyway, here is another bearish outlook for the EURUSD. This one is the most out there analysis because the pattern I have outlined here is a reversal pattern which is meant to form at market tops or market bottoms and yet here I am plotting it on a monthly chart that is already confirming the same trend...

Mirii

Here is another Bearish outlook for this pair. Just like the first one, where we are currently doesn't really shed light on where this pair is going next. Here we have a H&S pattern that simply confirms a bearish outlook. The H&S Pattern above has already completely formed and the price action from the beginning of 2017 up until now may all be considered as the...

Mirii

EURUSD long term forecast According to this chart and idea the outlook fro this pair is long term bearish however the market will do what it wants. currently the wave of USD weakness suggests that this view may be wrong or simply reversed but we wait and see. This idea here is for those who are bearish long term, i.e those who believe the troubles with the EUR...

Mirii

*DJ Khaled voice* Another one... Here we have another one of my long term birds-eye-view charts, this one is for AUDUSD. What do we have here? Firstly, all the trend lines here are valid which means we are dealing with valid trends only! yipee! Newer newbies than me, a valid trend line = confirmed trend = clarity on the direction of market = if you keep your...

Mirii

NZDUSD 2018 and beyond forecast Here is another very extremely speculative long term analysis on NZDUSD. The pair has previously given us a bullish symmetrical triangle which broke out in the opposite direction from the direction it normally would according to text book theory. Price then went on to form another symmetrical triangle, however this one is bearish....

Mirii

Here I go again speculating from afar. If you took a look at my monthly analysis of USDCAD you will know that I warned i would do a couple of ideas on shorter time frames which may or may not agree with that previous longer term analysis, here is one of those that do not immediately fall in line with that longer term analysis. So, what we have here is a potential...

Mirii

This is me simply speculating where USDCAD will go in the future. Obviously the market does what it wants however balancing the concepts of uncertainty and efficient markets one can still speculate right? So, on this monthly chart, from a birds eye view the first thing that pops out is that huge completed Bearish Harmonic Gartley Pattern. Any pattern trader will...

Mirii

This is just to show how many traders, myself included focused too much on the H&S pattern that had formed on the EURUSD and overlooked other patterns forming. I had considered that the EURUSD would surprise traders and move upwards from the neckline instead of down but I was running short on balls so I didn't enter a trade. Lessons learnt from this, ANALYSE YOUR...