Traders, 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. ✅...
Traders, Gold sell off quite a but after reaching an FCP Zone (Fibonacci Confluence Pattern) Zone which coincided with a good supply zone and an FCP W Pattern. Now gold is at a support level which if broken can create another sell off. Remember on monthly chart, there are more levels for it to reach. The major levels to watch out for are: 1878, 1856, 1800/1795,...
Traders, USDJPY has just completed an FCP (Fibonacci Confluence Pattern) and it is also being supported by VATA Moving Average. It has chances of falling. This can also give the required pull back for long a long trade Never trade without a confirmation to enter. ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading...
Traders, As DXY has been falling and eurusd has been rising up USDCHF has been going down to reflect the same. It right now in Monthly FCP zone but 0.87335 and 0.87289 are important levels as Fibonacci Confluence Pattern (FCP) Strategy. Look for daily time frame based confirmation if you are looking for long term corrective move. Let me know if you have any...
Traders, 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 ! ✅ If you found...
Traders, 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....
Traders, 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...
Traders, 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. ✅ 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...
Traders, 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 . ✅ If you found...
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 . ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading...
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...
Traders, 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...
Traders, 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. ✅ 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...
Traders, 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...
Traders, Yesterday we had a good movement in USD pairs and EURUSD fell. But since then it started to up because of completion of a M (FCPPattern) . My bias stays bearish on EURUSD but we may find good short term long opportunities in the middle of these zones and levels. Always wait for a confirmation before taking a trade. Always have a risk and trade...
Traders, GBPUSD is right at the moment in an FCP (Fibonacci Confluence Zone) . Depending on one of the confirmation techniques that we have we will look for a short trade from here. The approx targets are at those horizontal lines. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments,...
Traders, Natural Gas fell sharp because it simply violated the 38.2 Fib level @2.698. It is now resting at 50% fib which may or may not hold. If it holds then we can upward movements to those horizontal lines above. Else it is expected to fall to the FCP zone below where 2 FCP (Fibonacci Confluence) patterns complete. There is also 200MA in that zone. One more...
Traders, NASDAQ (NAS100) just created a new All Time High. If this level is held by the market and continues further then it can reach 13000 easily with a intermediate top at 12800 or so. But it is critical that this breakout is maintained because at the moment it looks like a triple top. We must wait for a daily or weekly close to make sure that we have a proper...