BTCUSDT wants to retest the 0.5 Fibonacci level
The price is testing the 0.618 Fibonacci level on the monthly support (29k)
On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance.
on 4h timeframe the price is creating a symmetrical triangle.
How to approach it?
IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Fibonacci Cluster
DXY (USDollar)- Target Reached! More Bullish? -In-Depth AnalysisTraders, DXY (USDOLLAR) has reached our target and last week started to take a little pause from its parabolic move which has been going on for weeks. The dollar index is still very bullish but this pause is a very much welcomed because it is giving us several opportunities across asset classes.
In this in-depth analysis on dollar index we will look into higher time frame structure of dollar using our FCP Strategy which we have been following and we will also look at the possible short term opportunities. Even if you are not trading Dollar, you must pay attention to it as it affects almost entire market including EURUSD, GBPUSD, AUDUSD and all USDXXX forex pairs and other asset classes such as Gold. So we will have a very quick look into these markets too.
On the bullish side, the chart clearly shows all possible targets if the market continues to go higher in coming weeks/months and years. This is a long term analysis so can take a long time, even years and things can change too in that duration. So take care of the risk.
There are however 2 reasons for its possible falls too in the future:
1. There are several gaps left and the lowest one is around 90
2. W pattern makes a market fall from few specific levels.
So beware of these 2 cases.
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 set ups and the updates of 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 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) Analysis UpdateTraders, Gold has been following our plan. We have been bearish on the XAUUSD because of the higher time frame bias. Last week, our long and show plans played out well. Gold went back up to test the neckline of the Head and Shoulders pattern after a fall. And right now it is kind of forming a double bottom which can push the price up a little bit. In this quick update we see all the possibilities that this market has to offer.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
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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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
✅ 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
✅ Don't hesitate to share your ideas, comments, opinions and questions.
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.
____________________________________________________
#GBPUSD Weekly Analysis & Forecast With Trading PlanTraders, in this multi time frame analysis we see what sort of structure GBPUSD is making and how can they present us with trading opportunities.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
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: How To Trade Next Week: Analysis, Forecast & Trading PlanTraders, Gold fell from our high probability zone as per analysis. Please see previous analysis to understand the whole flow of analysis. (Links are below) It printed the biggest one day fall of this year and probably nearly whole decade. It created a bearish engulfing candle on weekly time frame and a Harami set up on daily time frame. It is also in the process of forming an M pattern which can push the price down. But there are few points we must consider before we take any long or short positions next week.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
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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#Silver #XAGUSD Ready To Correct? - Full Analysis & Trading PlanTraders, Silvers moved higher to our level and went beyond. Now it is overextended and may fall down. Here are the reasons for it to take a break
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
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 Is It Going Up Or Down? Full Analysis With The PlanTraders, Bitcoin broke-out of an important level but again struggled with 12000 level. There has been a lot of profit taking. Bit coin had a history of fake breakouts so we need to see a proper retest before make a decision. In this multi time frame analysis we see what we have for us in the next week and month on this cryptocurrency.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
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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Predicting, Planning Trading Fibonacci Confluence PatternsTraders, In this educational video, we see an example of predicting a Fibonacci confluence pattern (stepper M pattern ), planning our trades around it with entry and profit targets with high accuracy.
This is indicator free analysis and I have used only standard fibonacci tool and a trend-line. Hope you will enjoy this and find this useful. Hit the like button and subscribe if you found this useful.
Thanks
-Vik
#NZDUSD Weekly Top Down AnalysisTraders, NZDUSD looks a lot like AUDUSD and I have a bearish sentiment on it. Here is my full top down analysis.
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Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
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 Weekly Top Down AnalysisTrader, Gold is again in consolidation mode after that fake breakout that I reported on May 8th. Now we are again looking for an opportunity to short this.
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Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
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 Weekly Top Down AnalysisTraders, GBPUSD has some good opportunities in-spite of it moving slowly. Here is my weekly top down analysis.
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Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
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 Weekly Top Down AnalysisTraders, EURUSD gave us very good profits. Here is my weekly top down analysis of this pair.
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Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
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 #DollarIndex Weekly Top Down AnaysisTraders, here is my weekly full top down analysis of dollarindex.
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Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
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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#TESLA #TSLA Weekly Analysis - Short Confirmation Has ArrivedTraders, Tesla created the W pattern but around earnings time it got little over stretched to create even a better pattern. Since then we have been waiting for a confirmation to enter short. Last week it broke through a trend line which can act as our first confirmation.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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 Weekly Analysis - Moved Exactly As Expected & PredictedTraders, GBPUSD has been consolidating but it ultimately moved and has been able to complete 2 of our fibonacci based targets. It also moved exactly as expected and predicted last week. We are in a short position now and looking to finish this as profitable trade.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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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#SPX #SNP500 Weekly Analysis - Still Bearish But 3000 CloseTraders, SNP500 is still bearish but it could possible test 200sma which is coinciding with 3000 level. There was a great bearish pattern that was completed but failed to reach its target. Tried twice. So we can wait for that too. More inside..
#AMAZON Weekly Analysis - Moving Exactly As PredictedTraders, If you have been following my analysis, this 2500 zone was predicted on 18th of April. Since then market had come to the zone and started showing an initial reaction. We will need further confirmation to go short on this. But so far this is looking good and there are a lot of factors for this to go down.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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 Weekly Analysis - Several W/M Opportunities To TradeTraders, EURUSD like DXY has been consolidating but behind this consolidation, we have very good day trade and short term trade opportunities. We were able to take 2 successful trades on EURUSD which were highly predictable and profitable.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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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#XAUUSD #Gold Weekly Top Down AnalysisTraders, Gold found strength last week to move higher but be careful. As I posted on May 8th, this can be a fake breakout. All signs on gold are still bearish. In this top down analysis I present all those factors.
1. Monthly W patterns
2. Weekly W pattern
3. Daily Double/Triple top
4. Daily RSI divergence
5. 4H W pattern.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
#BTCUSD #BitCoin Weekly Top Down AnalysisTraders, Bitcoin has been moving exactly how we expected. But the last move was not complete. It is probably trying to create double/triple top patterns on daily and 4h charts. So we can expect it go down a bit. However we also see a bullish case in this analysis.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
#AUDUSD Weekly Top Down AnalysisTraders, AUDUSD gave us few very good short trade profits. This is not over yet. With any sign of strength in DXY dollarindex, we can expect AUDUSD to fall further down a bit more. I will look for an opportunity to short at a better price level.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)