Traders, Truth is Bitcoin has been in a parabolic move but it is no there any more. that Parabolic move is now broken. Everything comes to an end. The move has come to an end and now it is time for a correction. The fall was an initial reaction and not a correction as per-se. For a healthy correction and for it move to new heights, it needs to stay at the...
Traders, Dow Jones has formed a double top. Not if the mid point of this double top is broken it is expected to fall to the FCP (Fibonacci Confluence Pattern) zone. Given that we are reaching December and a new year, markets can very volatile. So make sure that risk management is intact. ✅ Follow me for future ideas, trade set ups and the updates of this...
Traders, Bitcoin has ultimately taken a bit of correction. This may still try at least once more to go back up but so far this is the first time it is falling and that too from our FCP (Fibonacci Confluence Zone). Lower zones are my targets on the longer term. Remeber anything can happen in the markets. If Bitcoin can go up 70% without taking a break, if USOIL...
Traders, this is a long term view of EURUSD. If the level of 1.18181 remains as a support for the price, this pair can start to move upwards for a final journey. The FCPZone (Fibonacci Confluence Pattern Zone) above has 1.21 round number and few important fib levels which will become a great target for the market. But for that to happen EUR will have to go...
Traders, USOIL is now breaking out and can reach a high probability FCPZone around USD 50. That is where I will take profits on my long position and plan for a short based on one of my confirmation techniques. As weekend, month-end and even year end is approaching, be careful with your trades. Manage your risks. ✅ Follow me for future ideas, trade set ups and...
Traders, SNP500 has reached our target of 3656 and now it is falling. I am short biased on this now but there can be one last push higher. If comes above 3656 then we will look for short trade opportunity in the FCPzone (Fibonacci Confluence Pattern Zone) around 3700. Else the next target is 3600. As this is the last week of the month and that too a short one due...
Traders, Gold hit our target of 1839 yesterday which we identified in August 2020. Now it can have a little bounce form here but our bias still remain short from the higher time frame. These are few very important Levels to watch out for plan Your Long & Short Entries and taking profits. If you found this idea useful, hit the like button and subscribe. If you...
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...
Traders, Gold went straight to our FCPzone and started to react to go to the downside. We were able to capitalise on this move by taking good short trades for day trading. This move in past week can be considered as a pull back into a previous resistance/consolidation zone. This pull back upwards was also expected because of completion of an FCP "M"...
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...