DXY Created A Huge Bear Trap And Started To Move UpwardsTrader, we have been watching Dollar for a long time now and were expecting a bear trap when I posted this at the start of the December. A huge final move was expected before the M FCP (Fibonacci Confluence Pattern) completion and then move upwards.
Fed Stimulus or not
Goldman saying Dollar is bearish or not
All media against dollar or not
Economy down or not
Market Gurus playing DXY down or not
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Fcpanalysis
EURUSD Is Breaking Down, USDCHF Moving Up & DXY Is StrongerTrader, here is my update on EURUSD, USDCHF and DXY.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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USDCHF has been rising from the FCP zone giving DXY strengthTraders, USDCHF has been rising from the FCP zone giving DXY strength
Previously on Jan 6th:
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Is Dollar (DXY) A Buy Now? Traders, Dollar has been finding its footing in the market. 2021 is expected to be bullish for the dollar with ups and and downs obviously. In this analysis of DXY lets see what levels and FCP (Fibonacci Confluence Zones) are important for the dollar. Even if you are not trading dollar you must watch this analysis so as to get an idea on how it can impact other asset classes because everything that you trade is directly or indirectly dependent on the dollar.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
ETHEREUM Can Go Higher - Short Term PatternTrader, Ethereum has confluence of trend line and an FCP (Fibonacci Confluence Pattern) zone . This can give us a good day trade or short term opportunity to go long. Traders who are looking to add to their long position, this can be a good area as well.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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GBPUSD Analysis Update -Breakout May Occur But Trade The ChannelTraders, GBPUSD is consolidating on the lower time frame. However on the higher time frame it is getting ready for a breakout. So watch the analysis to understand what opportunities we have.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
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Take care and trade well
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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EURUSD Trading Plan Update - More Downside Can ComeTraders, Here is my multi time frame analysis for EURUSD pair. In this analysis we see possible scenarios and levels.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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USDCAD Can Move HigherTraders, USDCAD is showing rejection signs at this FCP (Fibonacci Confluence Pattern) zone. This can push the price up. Keep an eye on USOIL as well.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
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Take care and trade well
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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USOIL Can Fall Further - Patterns EvolvingTraders, USOIL had a very good upward run and since it hit our target of 53.59 it has started to fall. This can fall a bit further. This is not a reversal. This is more like a correction on the previous move. There is head and shoulders pattern evolving which may work out. Also the price right now is in an FCP zone after completing the M FCP pattern (Fibonacci Confluence Pattern).
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Dollar Is Rising But Pull Backs May OccurTraders, Dollar started to show little strength which showed up in USDCAD and other currency pairs too. All other asset classes such as Indices (SnP500, Dow Jones (US30), NASDAQ), Gold and Cryptos (Bitcoin etc.) started to show its impact. If the USdollar starts to gain strength it can reach 95/96 level but it may not be straight foward journey. So here are the important levels where we can expect pull backs.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Gold May Fall Further Down - Updated Levels & Trading PlanTraders, Gold sell off quite a but after reaching an FCP Zone (Fibonacci Confluence Pattern) Zone which coincided with a good supply zone and an FCP W Pattern. Now gold is at a support level which if broken can create another sell off. Remember on monthly chart, there are more levels for it to reach. The major levels to watch out for are: 1878, 1856, 1800/1795, 1765/1760. Treat these levels as support and resistance levels so you can take either long or short positions at these levels depending in which direction the market gives you a confirmation.
Biases:
Multi-month: bias is bullish
Weekly: bias a bearish
Daily: Neutral
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY (Dollar) Can Move Higher Due To These PatternsTraders, Dollar (DXY) has been like a sleeping giant. As mentioned in the weekly analysis, it is expected to finish this week as a bull candle but because past 2 months have been bearish and due to candle stick formation this month may end as a bearish candle.
Nevertheless it has started to wake a bit so make sure that you pay attention to it if you are trading anything which is directly or indirectly dependent on USDollar.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
EURUSD Trading Plan UpdateTraders, ERURUSD Fell From Monthly FCPZone and that we could see in the DXY (Dollar) strength. But as this pair has been in upward move for so long time, it is not going to simply fall down. Right now it is planning to consolidate and it is sitting on a major monthly Fibonacci support. There was a fake breakout but it recovered and now if this starts to move upwards then follow the upward arrows and horizontal lines (support and resistance). However if this current level is broken then we have better lower levels.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
BITCOIN (BTCUSD) Possible Head And Shoulders PatternTraders, Bitcoin has finally started to take a little break. This break may or may not last as the history of this asset tells us. It just simply moves and moves. Now that it is taking a bit of the break, we may have a head and shoulders pattern forming. As we know that neckline has to be broken if this pattern to work.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
USDJPY Can Fall - Short Term/Day Trade Short OpportunityTraders, USDJPY has just completed an FCP (Fibonacci Confluence Pattern) and it is also being supported by VATA Moving Average. It has chances of falling. This can also give the required pull back for long a long trade
Never trade without a confirmation to enter.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
USDCHF Higher Time Frame (Monthly) High Probability FCP ZonesTraders, As DXY has been falling and eurusd has been rising up USDCHF has been going down to reflect the same. It right now in Monthly FCP zone but 0.87335 and 0.87289 are important levels as Fibonacci Confluence Pattern (FCP) Strategy. Look for daily time frame based confirmation if you are looking for long term corrective move.
Let me know if you have any questions in the comments below.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Gold (XAUUSD) Update (Inside an FCP and Supply Zone)Traders, Gold is moving higher after breaking through the channel. Now it has reached a supply based FCP zone which can push it down or at least give it a little bit of break. So if you are looking for long then ideal situation will be a pullback and then continue with the uptrend. If you are looking for short term short position then based on some confirmation you can go short at these zones and levels.
Let me know in the comments section if you have any questions.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
NASDAQ (NAS100) Update (Falling From An FCP Zone)Traders, NASDAQ is falling from the FCP (Fibonacci Confluence Pattern) zone and can further down but because it came very close to 13000 level, it may go back up to test that. That is a string possibility. So if that happens we can look for long opportunities followed by short.
In the comment section let me know if you have any questions on this.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
NIFTY (NIFTY50) Is Looking Bullish But Watch Out For These ZonesTraders,
Nifty (Nifty 50) Index of India showed weakness around the the first FCP (Fibonacci Confluence Pattern) zone but pushed higher. It is still not looking strong right now for medium to long term. Having said that, do not fight the trend. Take profit profit but watch out for these zone if you are long on Nifty Index. If you are looking for short opportunities then these are also good areas. Whilst there has been weakness in US Indices (SnP500 / SPX500), US30 (Dow Jones) and NAS100 (NASDAQ) there was not much of weakness in Nifty50 except for a minor downward move at the start of the day. So watch out.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY Is Back In The FCP Zone - Jan 2021 PlanTraders, DXY (Dollar) is creating a bullish divergence on the relative strength index. DollarIndex is oversold anyway and can push it higher in 2021 up to 95 level or higher. Markets are by nature designed to create maximum pain/frustration and maximum euphoria. Once they reach they peaks, they tend to revert back to their real value or reversion to the mean as it is called. So Dollar may be reaching its bottom for now.
Watch out for the market open this week and let it stablise before taking any trades.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Gold Trading Plan Jan 2021Traders, On higher time frame the the gold is creating a flag pattern which if broken can take gold to new highs but at the moment it is stuck in an FCP (Fibonacci Confluence Zone) zone which has pushed the price down twice already.
XAUUSD can breach this zone and go to the trend line which is also the upper part of the channel. If that happens then it can fall back down at least one more time.
If the channel is broken then upper levels and FCP zones will come into the play. 1928 and 1878 levels are important to watch out for.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
USDCAD Is Reaching A High Probability FCP Zone For ReversalTraders, USDCAD has a potential to fall down a bit further to the FCP (Fibonacci Confluence Pattern) Zone. If it reaches there, there can be good opportunities for long. If you have a plan in place to short it until then, follow your plan.
Make sure that you have proper risk management in place for this as we are closing 2020. Happy New Year !
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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DXY (Dollar) Possible Upward Correction In The New YearTraders, DXY is inside a higher time frame FCP Zone (Fibonacci Confluence Pattern) Zone and also a monthly demand zone. Another demand zone is just below. Dollar is expected to be bullish in coming months quite possibly starting in Jan 2021. However as Dec monthly candle was a string bearish one, it may not happen almost immediately in Jan 2021. So always wait for a proper confirmation.
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____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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