Gold (XAUUSD) Update: What's Next StepTraders, here is my update on Gold (XAUUSD) using multi time frame analysis and FCP (Fibonacci Confluence Pattern) Strategy.
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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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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Fcpzone
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
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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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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.
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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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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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NZDUSD Can Fall - Inside Monthly & Daily FCP ZonesTraders, 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. There can be huge volatility in the markets.
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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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BitCoin Month Closing Is Important - Inside An FCP ZoneTraders, 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 BTCUSD. Right at this moment is extremely bullish but it may change very quickly and can fall down to the levels marked by arrows.
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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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BankNifty Can Fall (Bearish Pattern) CompletedTraders, 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.
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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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AUDUSD Fell From The FCP Zone, Probable Second ChanceTraders, 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 .
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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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USDCAD Has Reached The Lower FCP Zone (Important Level)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 .
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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 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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📌 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 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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📌 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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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.
Not a financial advice or signal. Please make your own independent investment decisions.
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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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📌 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 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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📌 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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Natural Gas (NATGAS) More Down Side Expected?Traders, Natural Gas fell sharp because it simply violated the 38.2 Fib level @2.698. It is now resting at 50% fib which may or may not hold. If it holds then we can upward movements to those horizontal lines above.
Else it is expected to fall to the FCP zone below where 2 FCP (Fibonacci Confluence) patterns complete. There is also 200MA in that zone.
One more thing to note is the possible development of Head and Shoulders pattern. Remember that HNS pattern is never perfect so do not rely on it heavily.
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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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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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📌 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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#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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📌 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) 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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📌 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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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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📌 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 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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📌 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 (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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📌 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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