DXY Is Moving Towards The Second FCP Zone Traders, This was always a possibility. Mainly because EURUSD was also looking to reach 1.22 level. DXY is now going towards 89.89. We must be very cautious at this level as there can be a lot of manipulations in the market. This is one of the last levels for Dollar to reach this year. If this hold then we can see good bullish movement. Else we will have to reanalyse.
Use arrows for direction and zones and levels as support and resistance.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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Fcpstrategy
Gold Is A Buy ONLY If We Get A Confirmation To Buy NowTraders, Long term Gold is bullish but it has not reached its short profit targets yet completely. Right it may give us a long opportunity before return back to the downward direction. Personally I have been waiting and taking caution in this market for last 1 and half weeks. I want to see a clear confirmation to buy or sell beyond the current FCPzone. Right now it has come back above FCP zone which may turn in to a buy opportunity as we planned earlier.
Follow the arrows for direction after a confirmation and horizontal lines and zones for targets and as support and resistance.
BTW, 4H Head and Shoulders pattern is not valid any more.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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AUDUSD Possible Day Trade OpportunityTraders, there is an FCP pattern completing right now and then in the FCPZone above. At each of these levels if you we get a confirmation, we can plan a short for a day trade.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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NIFTY Is About To Fall From The FCP ZoneTraders, there is a high probability set up on Indian Index Nifty (Nifty50). The market has reached a high probability FCPZone and can fall from there. The arrows show the direction and potential profit targets. As the markets are over stretched and we are in the final days of December, be careful with your positions. Trade only after confirmations. If the market goes above this FCPzone and gives us a confirmation to go long then only we should consider it. Else it is short biased opportunity.
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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 4H Head And Shoulders Pattern Appearing Below 1834Traders, We have been watching 1834 to get a confirmation to the downside on the gold. We now possibly have a Head and Shoulders Pattern after rejection from the FCP zone last week. This is not a huge probability set up but again adds to the overall downward move possibility .
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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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Dollar(DXY): What's Left for it In 2020? -Full Top Down AnalysisTraders, Dollar had a very bad year 2020 as we know. So far there have been only minor moves to the opposite side (upward) to show that it is still alive. However the major thing to note is that it could have been worse. The fall in dollar this year is huge but comparatively not that much if you look at previous moves. It also is finding support around 90.59 area. The 2020 is not over yet, so we might be in a for s surprise. So in this analysis I present both bullish and bearish opportunities in the USdollar.
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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 Zones To Watch (Bias Is Still Short)Traders, Yesterday we had a good movement in USD pairs and EURUSD fell. But since then it started to up because of completion of a M (FCPPattern) . My bias stays bearish on EURUSD but we may find good short term long opportunities in the middle of these zones and levels.
Always wait for a confirmation before taking a trade. Always have a risk and trade management plan. Think risk before profit.
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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 Is Ready To Fall From The ZoneTraders, GBPUSD is right at the moment in an FCP (Fibonacci Confluence Zone) . Depending on one of the confirmation techniques that we have we will look for a short trade from here. The approx targets are at those horizontal lines.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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EURUSD Rallied, Ready To Retrace?Traders, EURUSD has been rising which was expected but it went higher than anticipated because of weakness in the dollar. In the next week, it may have a final push upwards to touch 1.22 level but because of signs of rejection, it is showing more chances of falling down. As we approach end of the year we need to be more cautious. Think risk before profit.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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NZDUSD Can Push DownTraders, NZDUSD has been pushing higher and now it has started to show signs of rejection. But as we are reaching end of the year and the DXY has been pushing down, we need to wait for extra confirmation to take a short on this. I am watching these levels (blue horizontal lines) as my important levels.
Always think risk before profit.
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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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AUDUSD Is About To Fall, Wait For A ConfirmationTraders, AUDUSD has reached a high probability FCPzone now and we can see a downward move from here. Make sure that you have a confirmation before you enter a trade. Horizontal lines and arrows indicate possible profit targets along the way.
On a side note, SnP500 has been somewhat correlated to AUDUSD as well in 2020 without any particular reason. So this can indicate a fall in SPX500 too. It may or may not happen but take it as a warning.
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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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NASDAQ Can Reach 13000 If This Breakout Is MaintainedTraders, NASDAQ (NAS100) just created a new All Time High. If this level is held by the market and continues further then it can reach 13000 easily with a intermediate top at 12800 or so. But it is critical that this breakout is maintained because at the moment it looks like a triple top. We must wait for a daily or weekly close to make sure that we have a proper breakout before we jump into this long opportunity.
Logic:
The fib extensions on important levels have created a great FCP Zone (Fibonacci Confluence Pattern Zone) which is confluence with 13000 round number. This FCP zone can attract the price and then reject it.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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TESLA: About To Take A Correction, Same Pattern Repeat?Traders, Tesla is a mighty stock and has seen tremendous growth this year. As the year 2020 is about to end, we ask ourselves about the next move of this stock. The stock is in a bull trend but has also been forming repeatable patterns.
It is right now at a point where it can take correction again after completing a pattern which occurred last time too. This may or may not happen immediately or may not happen at all so we will definitely need to wait for a confirmation before we place any trades. Watch out for 18-21 Dec period on SnP500 and Tesla.
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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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#BitCoin Fell Now Watch These Important Levels To WatchTraders, Truth is Bitcoin has been in a parabolic move but it is no there any more. that Parabolic move is now broken. Everything comes to an end. The move has come to an end and now it is time for a correction. The fall was an initial reaction and not a correction as per-se. For a healthy correction and for it move to new heights, it needs to stay at the corrected levels for some time, consolidate and then move upwards or downwards.
There are huge arguments on what could happen with the bitcoin. When an instrument starts to move in one direction new figures, estimates, arguments, analysis and claims start to fly. Social media and main stream media start to cover that and largely speak in the direction of the move after the fact. This is because they do not want to get it wrong to save their reputations. So trust your judgement and analysis. Always think alternatively.
So these are the levels that you should be watching on BTCUSD.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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Dollar: Is A Massive Drop Or Bear Trap Coming?Traders, Dollar has gained very bad reputation in last few months which has been fulled by media reports, blogs, videos and whatnot. But that is the beauty of financial markets. They are never Black and white. An analyst must overcome their own bias and try to think alternatively and objectively.
So a trillion dollar question is: Is Dollar dying or it is creating a bear trap?
Every one seems to think and know that it is dying. That makes the market black and white. So to add a shade of grey here, what if it is not dying and actually creating a bear trap? That changes a lot of things right? :)
So In this analysis and in my previous one I have tried my best to warn of all those possibilities. I present you all possibilities.
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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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SnP500 (SPX500) Beware Of This Month Closing -Important Update!!Traders, SnP500 seems to be breaking out at the moment on the monthly chart. But for that to happen it needs to sustain its position above 3589 level which is the last high. If this month closes below this level the the SPX500 index will be at the risk of falling further down. This month's closing is very important. So watch it. Also beware of similar scenario on DollarIndex (DXY) as below:
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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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US30 (Dow Jones) Double Top Formed, Ready To Fall To This ZoneTraders, Dow Jones has formed a double top. Not if the mid point of this double top is broken it is expected to fall to the FCP (Fibonacci Confluence Pattern) zone. Given that we are reaching December and a new year, markets can very volatile. So make sure that risk management is intact.
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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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BitCoin Falling From The Fibonacci Confluence ZoneTraders, Bitcoin has ultimately taken a bit of correction. This may still try at least once more to go back up but so far this is the first time it is falling and that too from our FCP (Fibonacci Confluence Zone).
Lower zones are my targets on the longer term. Remeber anything can happen in the markets. If Bitcoin can go up 70% without taking a break, if USOIL can go negative then BitCoin call fall as well to those downward targets and beyond.
Here is my previous idea.
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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 Can Rise Much Higher To 1.2138 Level (Longer Term)Traders, this is a long term view of EURUSD. If the level of 1.18181 remains as a support for the price, this pair can start to move upwards for a final journey. The FCPZone (Fibonacci Confluence Pattern Zone) above has 1.21 round number and few important fib levels which will become a great target for the market. But for that to happen EUR will have to go through 1.19750. Next month and the start 2021 will be very interesting as there will one final push before a shift IMO.
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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 (Crude OIL) Is Targeting USD 50 ZoneTraders, USOIL is now breaking out and can reach a high probability FCPZone around USD 50. That is where I will take profits on my long position and plan for a short based on one of my confirmation techniques.
As weekend, month-end and even year end is approaching, be careful with your trades. Manage your risks.
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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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SNP500 (SPX) Upper Target Has Reached, Next PlanTraders, SNP500 has reached our target of 3656 and now it is falling. I am short biased on this now but there can be one last push higher. If comes above 3656 then we will look for short trade opportunity in the FCPzone (Fibonacci Confluence Pattern Zone) around 3700. Else the next target is 3600.
As this is the last week of the month and that too a short one due to Thanks Giving, be extra careful.
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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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US30 (Dow Jones) Reached All Targets, Now Track These LevelsTraders, US30 (Dow Jones) has reached our target of 30200 ultimately. We analysed this few weeks ago. Now I am expecting this market to fall. These levels (horizontal lines) are still very important and valid. I will treat these as support and levels for further shorting opportunities.
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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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Dollar (DXY) One Last Move Before Huge Moves Upwards?Traders, Do not get fooled by media reports on the dollar. Always think alternatively. DXY is reaching a point of huge reversal. This FCPZone (Fibonacci Confluence Pattern Zone) has potential of pushing the Dollar upwards.
Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a reversal.
Remember this is the last week of the month and that too a short one due to Thanks Giving. So there will be a lot of volatility. Be careful on the positions that you will open. Have a solid risk management in place.
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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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