GBPUSD Short Term Plan.1 alternative scenario.
Short term trade.
On the way to complete wave E, (C) and A.
Fibonaccianalysis
$PYPL Can Rise #PayPalOne of the fallen super heroes of one time has broken through 5 year lows. At this moment in time, the price is getting ready to reach an FCP zone which can be a potentially very good idea to buy or accumulate.
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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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✅ Follow me for future ideas, trade setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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BTC/USD - SHORT SZENARIOS - ANALYSE – DThe "BTC/USD" is in a downtrend since Nov – 2021, and it is obvious that we can expect a further - final sell-off if necessary.
-> The coupling of the traditional markets to the BTC is very high because of the institutional investors (example: S&P500 falls = BTC falls).
-> In which key areas we can expect a local bottom, I will analyze in more detail in today's post.
-> For this, we will look at the "BTC/USD" from the daily view and integrate elements of the daily, weekly and monthly chart.
table of contents
- 1st part = EXPLANATION - indicators used + levels.
- 2nd part = SCENARIOS - pro + con breakdown
- 3rd part = CONCLUSION
FIRST PART
1. FIBONACCI RETRACEMENT .
For this Fibonacci retracement, we take the movement,
which started in - March/2020 - and ended in - Nov/2021 -.
-> 0.786 FIB = 17,738.75 USD | Completed
-> 0.88 FIB = 11,608.27 USD | Pending processing
> As "BLUE + dotted" lines - drawn in the chart.
2. | FIBONACCI RETRACEMENT |
For this Fibonacci retracement, we take the movement,
which started in - Dec/2018 - and ended in - Nov/2021 -.
-> 0.786 FIB = 17,246.82 USD | Pending processing
-> 0.88 FIB = 11,057.51 USD | Pending processing
> As "BLUE" lines - drawn in the chart.
3. | FIBONACCI RETRACEMENT |
For this Fibonacci retracement we take the movement,
which started in - May/2022 - and ended in - Aug/2022 -.
-> 1.618 FIB = 12,931.80 USD | Pending processing
> As "orange" lines - drawn in the chart.
4. DEMAND ZONES |
The demand zones formed at the beginning of the upward movement,
thus they were created and in - June-Oct/2020.
-> WEEK ZONE | 1 | = 9,825.00 – 11,720.01 USD | Pending processing
-> WEEK ZONE | 2 | = 8,833.00 – 9,345.00 USD | Pending processing
-> DAY ZONE | 1 | = 9,825.00 – 10,681.87 USD | Pending processing
-> DAY ZONE | 2 | = 9,047.25 – 9,221.52 USD | Pending processing
> As "GREY" areas - drawn in the chart.
5. | POINT OF INTEREST |
The points of psychological interest,
were created the first time Nov - 2017 - and showed some reactions since then.
-> POI | 1 | = 16.000 USD | Pending processing
-> POI | 2 | = 14.000 USD | Pending processing
-> POI | 3 | = 12.000 USD | Pending processing
-> POI | 4 | = 10.000 USD | Pending processing
| POI should be used as support in the upcoming situation.
| POI is used as ZONE -> no point exact support.
> As "Orange" line - drawn in the chart.
SECOND PART .
As soon as the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level.
1st | SCENARIO | BOTTOM - at around 16,000-17,250 USD (Unlikely).
What speaks in favor of:
- "BREAK OF THE SIDEWAYS TREND CHANNEL"
- "FIBONACCI RETRACEMENT (1) + (2) | 0.786 + 0.786 FIB"
- "LIQUIDITY HUNT
+ this idea must be supported by the DXY + S&P500!
= DXY rises + S&P500 falls
What is the argument against:
- "POINT OF INTEREST (1-4)
- "FIBONACCI RETRACEMENT (1) + (2) | 0.88 +0.88 FIB"
- "USD (DXY)" = further depreciation
- "S&P500" = recovery and no market crash
2. | SCENARIO | BOTTOM - at approx. 11,000-13,000 USD (Very likely)
What speaks for this:
- "FIBONACCI RETRACEMENT (1) + (2) | 0.88 +0.88 FIB"
- "POINT OF INTEREST (2-3)
- "SUPPLY ZONES | D1 (1) + W1 (1)"
- downtrend lines serve as support
+ this idea must be supported by the DXY + S&P500!
= DXY rises + S&P500 falls
What is the argument against:
- "POINT OF INTEREST = Existing liquidity cascade (4).
- "SUPPLY ZONE" = D1 (2) + W1 (2)"
- "USD (DXY)" = further appreciation.
CONCLUSION .
At the moment, it is impossible to say what the exact scenario for "BTC/USD" will be.
The correlation relevant for us to make decisions is as follows:
- DXY (USD) is currently like a kind of indicator of fear in the market, with which it controls the S&P500.
- The S&P500 is currently at a very relevant level (3,600 points), if this breaks sustainably (with confirmation), we will see a strong sell-off in all markets - market crash!
- Should this market crash occur, then this will also have a significant impact on BTC. (Liquidation cascades of stop loss orders and fear from retail market participants.)
= The marked levels should have large order blocks ready, which will consume this sharp sell-off within a short period of time .
-> As soon as the BOTTOM formation crystallizes, I will upload a detailed LONG execution.
-> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to see a review of it .
Thank you and a successful trading!
The following image should show you where the support line comes from:
xauusd. Expecting for this early weekday 2023 05 15
This is my plan for Monday.
IMHO xauusd will bounch at 0.618 level and go down again to level a and c leg.
And then I'm expecting the big correction ended, and it will go back to the main uptrend.
Let's see what the market will perform in this early weekday.
Please CMIIW.
Please share your thoughts. Thank you...
#CryptoMarketCap Analysis #Crypto $BTCTraders and Investors, Let's talk about the crypto market. There has been a lot of discussion lately about each and every little move that Bitcoin makes. A little move up sends bullish sentiments and over-the-moon projections across social media. Whereas a downward move creates despair. 🙂 This has been going on for weeks and months.
So let's see what has been happening to the crypto market overall.
1. Crypto market capitalization reached an all-time high of approximately around 3 Trillion
2. As with all hype, what goes up must come down, it took a massive correction finally.
3. This created a major M pattern on the weekly/monthly time frames which is quite evident. In fact, there are 2 M patterns.
4. Once the M pattern completes, the market goes up so it started bouncing up.
5. It reached its one target exactly at 23.6 Fibonacci
6. It then took a correction again from there which was quite understandable and expected
7. Now this is simply consolidating in a range which has its mid-set at 1 Trillion market cap. This can keep going on for a long time and is a common behaviour after a huge move followed by a 23.6 correction.
So what is next?
1. There will be a breakout from this range at some point.
2. But usually it first creates a major trap on one side and then goes to the other.
3. So wait for a move which will make nearly everyone think in one direction. This will create a major bias (general consensus) 🙂
4. Start thinking in the opposite direction unless you get a piece of solid evidence or confirmation to follow the general consensus. Remember a market can do anything. If BTC could go from 3500 to 67000 in a matter of weeks and if USOIL can go to zero then anything can happen in a market.
5. The upper breakout can take it to 1.6 market cap level
6. Lower breakout can take it to 500 billion market cap.
Our bias: (Not advice or recommendation)
1. Wait for a general consensus to build up and go against it on confirmation
2. Downside is more likely at the moment but we will have to wait for further evidence.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$TSLA Can Fall #TeslaTraders and Investors, Tesla has been in a downtrend and is looking weaker at the moment. It is forming a potential M pattern which can push the price down. A good confirmation may be needed to initiate a position.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
CADJPY - DAILY - Bullish Breakout & Continuation TradeTechnical analysis of a potential breakout & trend continuation trade using price action analysis, Fibonacci, structure & volume to predict the direction of the breakout & the ideal location for placing profit targets.
If you have any questions or comments about anything discussed in the video, please leave them below & before you leave DO ME A FAVOR & show your support by hitting that LIKE BUTTON.
I hope you guys have a great weekend!
Your Trading Coach - Akil
$EURCAD Can Rise Now #EURCADTraders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time.
Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a confirmation.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$NZDCAD Can Rise On An M Pattern #NZDCADTraders, NZDCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
#NASDAQ Can Go Higher $NQ $NDX On The Higher Time FramesTraders, We have been bullish since the last quarter of 2022 on this market. NASDAQ now is reaching a point of a possible breakout. Short term it can go a down a bit but on this higher time frame, it is still forming a bigger W FCP Pattern which means that it is still on its target to reach higher levels.
Please note that the chart is Weekly timeframe.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
LVS Short with an change of trend after resistance breakoutNYSE:LVS was in a clear uptrend after the higher high couldn't be confirmed. We have a breakout through the resistance zone at ~60.60. The plan is to wait until the price reverses for a correction back to the resistance zone where we are entering. The stop loss is placed above the zone with a take profit at RR 1:1.
DUK Long with a resistance at ~97.00I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is placed below the upcoming trendline which can be a resistance.
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$EURGBP Can Fall Down Further Before Rising Up #EURGBPTraders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Looking for long in PRZ
IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore.
But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached.
Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ.
But it will me a correction wave. So let's see how the market perform the corrective wave before taking any position.
Please CMIIW, comment, and give me your though. I will very appreciate it.
Thank you.
Still waiting for short at Potential Reversal Zone
I'm not interested to go long with xauusd.
Assuming the upward wave will be complicated.
So, I prefer to go short, expecting to ride the smoother wave.
Any comment? Please, CMIIW.
Open to discuss. Thank you...
SLV (Silver ETF) - Daily - Bearish Momentum PotentialSilver ETF (SLV) is exhibiting bearish momentum on its daily chart.
Price has been rejected twice under the yellow resistance trendline.
Oscillators are also starting to lean bearish.
Potential downside targets (short-term) could be -5% to -10% down.
Bearish Target(s): $22.33, $20.86.
However, if price breaks out and holds above $24, this idea would be negated.
GBPJPY 170.223 -0.12% LONG IDEA 🐮📈HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at GBP/JPY INTO THE NEW YORK SESSION
1. Opened the week by taking previouse week BSL.
2. BEAUTIFULY trending towards the sell side.
3. momentum is perfect not too agressive so we can confidently presume we are in a
correction towards the 61.8 % fib or 50 % before continuation.
4. Looking at that unfilled FVG as a possible entry with the bulls .
5. TARGET would be the the BSL & THE DAILY -OB.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
BluetonaFX - AUDUSD Key Level 1D ChartHi Traders!
We are approaching a 3 week high around the 0.68076 level on the AUDUSD. We have not been this high since April 14th so we expect some resistance around this level. Over the past week, we have had strong bullish momentum after failing to break the long term support level of 0.65637.
Further to the upside, there is a long term 50% retracement resistance level of 0.68614 but there must be a break and close above 0.68076 to possibly target this.
We will continue to analyse this and carefully monitor how the market behaves now we are near key levels. As soon as we have any updates on this set up we will let you know.
Please do not forget to like, comment and follow.
Thank you for your support.
BluetonaFX
MY THOUGHTS ON GBP/USDIn my analysis on the 2 HOUR CHART, price is moving BEARISHLY, forming a Barrier Triangle Ending Diagonal. Price is currently at 1.25498, I forecast that Wave A may move to price 1.23957 which is 100% of Wave A. Then to price 1.23013 which is 1.50% of Wave A. and finally to price 1.22800 which is 1.618% of Wave A. I used the Elliott Wave and Fibonnaci for my analysis. FX:GBPUSD
HEX back to ATH for Christmas 2023? Could be!I've got a feeling...
So, my call for Hex's bottom got a bit messed up as TV decided to re-generate the chart or something. That means my previous charts won't load, but my bottom target box was hit (check the related chart), and we've seen some nice moves since then.
With Richard Heart's ETH-Fork Pulse Chain launch looking like it's just around the corner, there's a bit of a fundamental twist to my analysis. But getting back to all-time highs is just what good crypto projects do, right? Why Christmas? Well, bull markets often have a wild festive period, even if they keep climbing later on. So, I thought, 'Why not? It's got a fun vibe to it.'
Now, the waves might not play out exactly as shown, but something along those lines seems likely. I've always relied on Fibonacci extensions for targets, and they usually match up well with previous levels when you look back.
Good luck and have fun out there!
$DXY Latest Analysis #DXY #USDOLLARTraders and Investors,
It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and is just a scenario (possibility) for now to consider. The higher time frame levels are there on the chart.
Please check USDCHF and USDJPY analysis too as they can give strength to DXY.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$CADJPY Can Rise #CADJPYCADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis:
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never 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 setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
