NASDAQ (NAS100) Update (Falling From An FCP Zone)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.
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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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Fibonacci Confluence
NIFTY (NIFTY50) Is Looking Bullish But Watch Out For These ZonesTraders,
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 opportunities then these are also good areas. Whilst there has been weakness in US Indices (SnP500 / SPX500), US30 (Dow Jones) and NAS100 (NASDAQ) there was not much of weakness in Nifty50 except for a minor downward move at the start of the day. So watch out.
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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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DXY Is Back In The FCP Zone - Jan 2021 PlanTraders, 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 is called. So Dollar may be reaching its bottom for now.
Watch out for the market open this week and let it stablise before taking any trades.
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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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Gold Trading Plan Jan 2021Traders, 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 back down at least one more time.
If the channel is broken then upper levels and FCP zones will come into the play. 1928 and 1878 levels are important to watch out for.
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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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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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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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DXY (Dollar) Possible Upward Correction In The New YearTraders, 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 a proper confirmation.
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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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AUDUSD has reached the FCP zone of reversalTraders, 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.
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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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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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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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DXY Filled All Lower Gaps, Possible Double Bottom FormingTraders, 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.
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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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NATGAS (Natural Gas) Reached The Lower Zone After A RejectionTraders, 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 lower zone at 2.0 or lower. Notice that we also have a head and shoulders pattern 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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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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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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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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Sell opportunity on AUD/NZD hello every one.
on audnzd we have a good key zone. in that key zone we have a nice confluence. ( Several Fib levels and bearish expanding triangle chart pattern and a weekly horizontal line )
so in next week we can open a position with R:R 1:4
Wish luck for you and happy trading.
Thanks.
GBPUSD Is Nearly Inside A Reversal ZoneTraders, 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.
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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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#Gold #XAUUSD Updated Plan (FCP Zones & Important Levels)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 .
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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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Bitcoin (BTCUSD): Possible Short Oppportunity Similar To GoldTraders,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.
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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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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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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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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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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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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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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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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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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.
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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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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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Gold 4H Head And Shoulders Pattern Appearing Below 1834Traders, We have been watching 1834 to get a confirmation to the downside on the gold. We now possibly have a Head and Shoulders Pattern after rejection from the FCP zone last week. This is not a huge probability set up but again adds to the overall downward move possibility .
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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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