BitCoin Extended Pattern & Zone - Possible Correction/Reversal Traders, This FCP (Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start with.
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Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
Fibonacci Confluence
GOLD (XAUUSD) More Sell Off? Important Levels To Watch Out ForTraders, Gold took a nose dive and if you look closely you will clearly see funds and banks selling gold when large red candles have formed in last 3 months or so. They are trying to reach a particular level and they are doing it in steps.
But as great traders do, we come up with plan for both bullish and bearish entries. These are the levels that we are watching in both cases. At these levels we will be taking trades based on one of our valid entry confirmation techniques.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
AUDUSD Important Levels To Watch Out ForTraders, These are the important levels to watch out for. The If we get a confirmation based on one of our valid methods to go short or long at these levels, we can take them. The FCP zone is a high probability Fibonacci Confluence Pattern zone.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
DollarIndex (DXY) Multi Time Frame Analysis & Important LevelsTraders, Dollarindex is an important tool in analysing markets. In my opinion everybody should pay attention to what Dollar is doing as nearly all markets are directly or indirectly are dependent on USDOLLAR.
In this Multimeframe analysis we are going to see where we are and what sort of opportunities are available based on the market structure and Fibonacci. There are multiple FCPPatterns which we can benefit from.
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.
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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BitCoin Reaching Its Top? What To Look For In A Correction...Traders, BitCoin (BTCUSD) had an amazing gravity defying rally in last few weeks/months. This is true sense has been a parabolic move. However there are now growing chances of a correction.
On monthly time frame a W pattern is about to complete between 16280 and 17000. This is a high probability Sell Fibonacci Confluence Zone with multiple fibonacci levels from multiple time frames coming together. This is where I will be looking to take profits on long and plan for a short.
If it starts to fall from this zone the next approximate zones for the correction to reach will be around these levels. If one zone is broken then the next will have high probability of reaching. These zone can also act as new levels to take profits on short positions and go long again based on your confirmation techniques.
Target Zone 1: 13500
Target Zone 2: 11500
Target Zone 3: 8300
Target Zone 4: 6000
Stay safe 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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#DXY #Dollar What's Happening? - Full In Depth Top Down AnalysisTraders, In this post we are looking at multitime frame analysis of DXY (Dollar). Dollar seems to be losing it strength right now in US Elections time but always keep an eye on the bigger picture. It is always the bigger picture that Institutional traders and banks are looking at. Expand your vision and do multi time frame analysis to see where we have bearish and bullish opportunities. Then simply go with the flow of the market. DXY (Dollar) in the medium to long term can still be bullish especially in the new year. But for now there are good bearish set ups available to us. We also have bullish opportunities. However these are little uncertain times so whatever you are looking for, make sure that you have a confirmations before you trade.
Have a great trading week. Stay safe and trade well.
-Vik
#BTCUSD #BITCOIN Hype Free Pure Technical Analysis & ForecastTraders, in this hype free pure multitime frame top down analysis we start from 1 year time frame all the way down to 4H to see what is happening what are the important levels. We also learning about important fibonacci concepts. Bitcoin is bullish but it right now in a supply zone along with an FCPzone.
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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 Important Levels To Watch Out For - Trading Plan UpdateTraders, these are are important levels to watch out for the next week based on multi time frame analysis . I more bearish biased on AUDUSD . I will be looking for a confirmation for entry for both long and short positions. I will favor my bearish positions 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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#EURUSD Important Levels To Watch Out For- Analysis UpdateTraders, these are are important levels to watch out for the next week based on multi time frame analysis. I more bearish biased on EURUSD. I will be looking for a confirmation for entry for both long and short positions. I will favor my bearish positions 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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#DXY #DollarIndex Important Levels To Watch - Trading PlanTraders, This is my trading plan for DollarIndex (DXY). Dollar has been moving upwards from 91 area as we expected and predicted in August 2020. Now it is simply retesting it breakout of the consolidation. So a little push upwards can make a huge difference. In this multitimeframe analysis based trading plan, we look at some of the important levels which can act as support and resistance and potential trade opportunity levels.
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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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NEOUSDT breakout from descending channel 🦐NEOUSDT breakout from descending channel after price bounced on 0.5 Fibonacci level (Monthly retracement)
IF the price will break the daily resistance and flip it as support, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
#DXY #Dollar Complete Top Down Analysis, ForecastTraders, Here is our multitimeframe analysis on DXY (DollarIndex) . Dollar is falling because it could not close above last month's high and this sort of bearishness was expected. Lets see what sort of moves it can make.
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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 Swing ShortAfter a break below support on the daily TF, this pair has now approached this level for a test. I expect this pair to reject the level as resistance before continuation to the downside and creation a lower low on the daily TF. On the 4hr TF, the pair is forming a head and shoulder at the area where daily resistance is expected. This chart pattern presents a good entry opportunity at confluence area with target taken from daily TF.
#SNP500 #SPX Will Continue To Rise To The Next LevelTraders, Our last analysis on SNP500 is still valid. The market reversed from our FCPZone and is now has broken the next level 3328. This now has a possibility of moving upwards to the next level 3430 and higher.
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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 #BTCUSD Sell off ComingTraders, We have beenbearish on bitcoin for quite some time. Now that an FCPPattern has been completed and we have a confirmation for longer term too, we are looking for short positions for medium to long term.
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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 May Go Up But Only To Come Down Again Traders, As DXY is expected to a take break GOLD (XAUUSD) may start to move up a bit. This presents us with very good opportunities for both bullish and bearish trades. Long term Gold is expected to fall further but there is a very good FCPzone coming which may push the price upwards. Beware of post fact analysis people and media reports. :) So next week (as it is month end as well) we will be looking for bullish trades (short terms/day trades) and bearish trade set ups for bigger profit targets if Gold moves up in to the upper FCPzone. If the lower FCPZone is broken then we are looking at a huge move down to 1720 levels. But we will have to wait for that.
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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 #Dollar May Keep Rising After A Break - Trading PlanTraders, We have been long from 91.91 on the dollar. This still is a buy but it may take a break next week. Next week is a month end too so mid week the situation can change drastically. So we may have to revise our analysis. As we have W FCPPattern forming we can expect a downward move for may be 2-3 days of the week (if there is any) then it may pick up bullish strength again. We have nice fibonacci levels present in there as targets. There are both bullish and bearish opportunities available right now on it.
Remember that any change in DXY can change the scenrio for Gold, Silver, EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY and USDCHF too. USDCAD is very important right now as it is the one driving DXY upwards.
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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 #DollarIndex Running Upwards As Expected, First Target HitTraders, in all of my previous analysis since July I have been mentioning that a huge upwards movement could come in dollar. This has been against the general market consensus that dollar is weak. Dollar has reached its target level but has a lot of potential to run further up. This is what we planned for it at the start of September. Will send an update over the weekend on the next move.
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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 Upward Move ExpectedTraders, #AUDUSD Possible Upward Move Expected. AUDUSD has reached our previous important level 0.71 as mentioned here
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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 #Dollar Has Started To Breakout. Waiting for a ConformationTraders, I have been long on Dollar since the start of September. In all mys analysis for past 1.5 months have been talking about DXY picking up strength. Right now it is about to breakout from an important level. Waiting for a confirmation to build position further. If dollar will pick strength then we know that other major currency pairs and gold and silver will also move. So make the most of this opportunity.
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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