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...
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. ✅ If you...
Traders, 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...
Traders, 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...
Traders, 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...
Traders, 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 ! ✅ If you found...
Traders, 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...
Traders, AUDUSD has reached the FCP zone that we identified on 18th of Dec. There is a smaller FCP zone now inside the bigger one which can push the price down. This has not been a straight forward journey but the zone is still valid. Again like other markets this can be risky so take extra care. ✅ If you found this idea useful, hit the like button, subscribe...
Traders, NZDUSD had a very good run but it is now reaching a crucial level where it can take a correction. 0.72115 is very important level which is inside both Monthly and Daily FCP Zones (Fibonacci Confluence Pattern Zones). However it may not reach that level as the pattern is almost complete. As the new month and new year is about to start, take extra care....
Traders, DXY has come back down to fill all left over gaps. There are few left above the current price but all lower gaps are filled. It is back in the FCP zone and could be forming a double bottom. Today's close and this week's close is important for USdollar for further price action. ✅ If you found this idea useful, hit the like button, subscribe and share it...
Traders, Natural Gas followed our analysis and plan and reached multiple target on both long and short side. After a move upwards to take a rejection from those important levels (Horizontal lines) it has come down to the FCP zone. Here we can expect a bounce back up as indicated by upward arrows. If this zone is broken and confirmed the next target will be the...
Traders, Bitcoin is right now inside an FCPZone (Fibonacci Confluence Pattern Zone) and we will need to see how this month closes. If it closes above it and we there us further confirmation then it can go higher to the upper zone which is even stronger than the lower one. There are 2 FCP Patterns completing. These will give us long and short opportunities on...
Traders, This is not a right time to trade markets but just FYI, BankNifty has completed a pattern which also has confluence with a bearish pattern on Nifty (NIFTY50). So there are chances that it may fall. ✅ 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...
Traders, GBPUSD like many reverse USD pairs has been moving upwards. After falling earlier a bit and giving us a good profit on the short side, it is now reaching another FCPzone where it can reverse from. If the zone breaks to the upside then it may target upper level and the next FCP zone. ✅ If you found this idea useful, hit the like button, subscribe and...
Trades, Gold may present a breakout today to the upside which can push it to the upper zone. Use arrows for direction and zones and levels as Fibonacci based support and resistance . ✅ 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...
Traders,Bit coin has all time high but it has not completed an extended FCP pattern which is similar to Gold's pattern when that reached all time time. There are very good chances that it may take multi month downward move from here. However because the trend is strong, a daily/weekly based confirmation is needed. Never trade without a confirmation. ✅ If you...
Traders, We had a great day trade on AUDUSD when it fell from the FCP zone. Now it is back in the same FCP zone. If it gives a confirmation we can go short once more but there is another W FCP Pattern formed which can push the price to 0.75975 if it breaks through 0.75829. Use arrows for direction and zones and levels as support and resistance . ✅ If you found...
Traders, USDCAD has reached an important level on monthly timeframe and now it is in FCP zone. This can give us a bounce up. Must wait for a confirmation as the trend has been strongly down. Use arrows for direction and zones and levels as support and resistance . ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading...