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EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen: If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Short
by vikinsa
AUDCHF Possible BUY AreaAUDCHF completed a W FCP pattern. This made the price fall. It has fallen hard and could possible be going towards the area where we have confluence of an FCP zone and 2 trend lines. This can be a good Buy area for a possible bounce up. As always wait for the confirmation on the smaller time frame. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Long
by vikinsa
USDCHF Zone To Watch Out ForUSDCHF is at a resistance zone. If the market make it a support zone and gives a bullish confirmation above it, it can be a good buying opportunity. At the moment it is at resistance level so if you want to go long, you must wait for a proper confirmation. Remember Buy at support and Sell at resistance :) If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
1
NZDUSD Can Rise From The FCP Zone & M PatternNZDUSD Can Rise From The FCP Zone & M Pattern As the chart indicates, we have an M pattern completion along with and FCP zone on the daily time frame. Wait for a confirmation based entry on smaller time frames. This can be a good day trade or swing trade opportunity depending on your trading plan. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Long
by vikinsa
USDJPY Higher Time Frame AnalysisJapanese Yen collapse continues with its lowest closing price in 34 years. If it falls through 160, it will be the lowest level against the U.S. Dollar since the 1980s. It can get even worse. Let's look at some charts: 1. We are currently sitting at 160 resistance level where a W FCP pattern is completed which can give us a correction. This is the last level which is preventing the USDJPY from slingshotting upwards. 2. A CUP formation is happening at the moment (rounding bottom). So if the correction comes at the current levels, that can make this a Cup and Handle pattern. 3. If the correction does not occur or we get a shallow one, these current levels can become a new support which can push USDJPY higher once confirmed. 4. There are several gaps left in 1980s. I posted about these gaps in my previous post approximately 7 months ago, indicating that USDJPY would be bullish. 5. These are the levels where in the long run USDJPY can go to complete a big W pattern. This can have a huge impact on the #dollar index (DXY) too. I recently did a premium analysis report on USDJPY and DXY (dollar index) for a client which has a more in-depth analysis and potential target zones/levels. Get in touch with me via DM if you want to order a copy of that report. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
NVDA Can Fall NVDA Can Fall: NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line. This can have a knock-on effect on NASDAQ 100 (US100). Something to watch out for. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
NASDAQ:NVDAShort
by vikinsa
1
$DXY Dollar Index Can Go ParabolicTraders and Investors, No matter what the media and general consensus say, simply look at the charts and trade what you see. The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has recovered and is back at the same level of 102.5. 🙂 This effect has been witnessed in commodities and equity markets. As I write this on Aug 12, 2023, the dollar is showing great strength in the chart pattern formation. The pattern is kind of 75% complete so this analysis post is kind of an early warning. This early warning was sent to private clients a little while ago. This pattern if finds momentum generally ends up in parabolic movement. Having said that there are a few things that we must consider: 1. This is a higher time frame analysis (daily/weekly chart) and picture so it may take its own time. Keep things in perspective. 2. There are 200 sma (daily time frame) along the way (yellow line) that can act as resistance. That is a good barrier to this pattern. 3. There are several levels and zones along the path to the ultimate target around 109-110. Over time DXY may go up and down on the relatively smaller time frames around these zones as a market never goes up in a straight line. Not DXY anyway 🙂 4. There are several gaps that were left unfilled to the upside. DXY usually does not leave any gaps open. There are a few gaps to the downside as well. 5. Watch USDJPY and USDCHF with it. 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. ____________________________________________________
CAPITALCOM:DXY
by vikinsa
2
$BTCUSD #Bitcoin Can Breakout SoonTraders and investors, Bitcoin has been causing a lot of confusion among traders and investors. So let's break it down and understand. 1. in June 2022 (1 year ago) Bitcoin broke out of the 30000 price tag but never retested that. 2. This year it formed a W pattern to reach that level and retest it. 3. The price reached 30000 this year and completed that W pattern. When a W pattern "completes" the market goes down. So Bitcoin started to fall from there. 4. It reached its target level of Fibonacci 38.2 which was also a good confluence of Structure and Trend Line 5. This formed a flag pattern. 6. Currently the price is supported by the trend line and moving slowly inside the flag 7. This has been going on for quite some time now. So a breakout is imminent. 8. If it breaks out to the downside it can fall further to foran M pattern around 21477 9. If it breaks above the previous high of 31163 and confirms then it will become bullish and can target a bigger W pattern completing around 36783 and a better W pattern at 41000. 10. Caution: Until the breaks and confirms the previous high of 31163 there will still be a chance of it falling down to complete the M pattern as pointed out in point 8 above. 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. ____________________________________________________
COINBASE:BTCUSD
by vikinsa
$EURUSD Can Jump #EURUSDTraders and Investors, EURUSD has been falling after reaching one of our long-term targets. Now it is at a junction from which it can make a little jump. The price action is still weak, so we must be watchful and wait for good confirmations. 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. ____________________________________________________
Long
by vikinsa
#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. ____________________________________________________
CRYPTOCAP:TOTAL
by vikinsa
$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. ____________________________________________________
NASDAQ:TSLAShort
by vikinsa
2
$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. ____________________________________________________
Long
by vikinsa
2
#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. ____________________________________________________
U
by vikinsa
#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. ____________________________________________________
NLong
by vikinsa
6
$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. ____________________________________________________
by vikinsa
$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. ____________________________________________________
TVC:DXYLong
by vikinsa
1
$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. ____________________________________________________
by vikinsa
$GBPUSD Watch These 2 Zones On #GBPUSD Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. 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. ____________________________________________________
Short
by vikinsa
$USDJPY Can Rise #USDJPYTraders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines which can provide support to the price. If the price gets supported it can target that liquidity above the double top. This also can lead it to rise higher to complete a W pattern. The formation of the W pattern is bullish and the completion is bearish. So whilst it will be making a W pattern, it is expected to rise higher. So watch out for these levels and trend lines in the coming weeks. Check UDSDCHF also pointing a little bullish pattern here: 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. ____________________________________________________
Long
by vikinsa
$USDCHF Can Rise Soon #USDCHFTraders and Investors, USDCHF has completed a weekly M pattern as we approach the end of this week. Remember this is a weekly time frame pattern so may take days and weeks but we can expect USDCHF to rise upward because of the M pattern and trend line. This can impact EURUSD inversely and also can give strength to DXY (USDOLLAR) which in turn can impact all asset classes. Last week (the last week of April) a rise in this gave strength to DXY. This can happen again. So beware of this potential bullish pattern. DXY, on the other hand, has a possibility of W formation of a smaller time frame which can push the price up There are also a few gaps left on DXY as below in the chart. Bearea that we have a potential double bottom and 100 psychological number. So the market may try to come down to collect liquidity below the double bottom and 100 number. But even in that case, the potential bullish W pattern will still be valid. 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. ____________________________________________________
Long
by vikinsa
USOIL May Target 103 At Some PointUSOIL May Target 103 At Some Point. An M pattern has been completed but because the price jumped sooner than expected from 76.48, this FCP zone is left with less strength. Because of that the market is finding it hard to make a good bullish move and is simply consolidating. Right now it is in a consolidation phase but has started to show a bullish structure. If this structure stays intact, USOIL can start to move higher in time. There is a huge gap left above 100 around 103 level as we have a double top (liquidity area) around 93. USOIL at some point in time can target this leftover gap. 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 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. ____________________________________________________
TVC:USOILLong
by vikinsa