CADJPY - DAILY - Bullish Breakout & Continuation TradeTechnical analysis of a potential breakout & trend continuation trade using price action analysis, Fibonacci, structure & volume to predict the direction of the breakout & the ideal location for placing profit targets.
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Fibonaccianalysis
$EURCAD Can Rise Now #EURCADTraders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time.
Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a confirmation.
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Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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$NZDCAD Can Rise On An M Pattern #NZDCADTraders, NZDCAD 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.
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
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📌 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.
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#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.
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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
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📌 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.
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LVS Short with an change of trend after resistance breakoutNYSE:LVS was in a clear uptrend after the higher high couldn't be confirmed. We have a breakout through the resistance zone at ~60.60. The plan is to wait until the price reverses for a correction back to the resistance zone where we are entering. The stop loss is placed above the zone with a take profit at RR 1:1.
DUK Long with a resistance at ~97.00I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is placed below the upcoming trendline which can be a resistance.
#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.
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$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.
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Looking for long in PRZ
IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore.
But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached.
Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ.
But it will me a correction wave. So let's see how the market perform the corrective wave before taking any position.
Please CMIIW, comment, and give me your though. I will very appreciate it.
Thank you.
SLV (Silver ETF) - Daily - Bearish Momentum PotentialSilver ETF (SLV) is exhibiting bearish momentum on its daily chart.
Price has been rejected twice under the yellow resistance trendline.
Oscillators are also starting to lean bearish.
Potential downside targets (short-term) could be -5% to -10% down.
Bearish Target(s): $22.33, $20.86.
However, if price breaks out and holds above $24, this idea would be negated.
GBPJPY 170.223 -0.12% LONG IDEA 🐮📈HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at GBP/JPY INTO THE NEW YORK SESSION
1. Opened the week by taking previouse week BSL.
2. BEAUTIFULY trending towards the sell side.
3. momentum is perfect not too agressive so we can confidently presume we are in a
correction towards the 61.8 % fib or 50 % before continuation.
4. Looking at that unfilled FVG as a possible entry with the bulls .
5. TARGET would be the the BSL & THE DAILY -OB.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
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ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
BluetonaFX - AUDUSD Key Level 1D ChartHi Traders!
We are approaching a 3 week high around the 0.68076 level on the AUDUSD. We have not been this high since April 14th so we expect some resistance around this level. Over the past week, we have had strong bullish momentum after failing to break the long term support level of 0.65637.
Further to the upside, there is a long term 50% retracement resistance level of 0.68614 but there must be a break and close above 0.68076 to possibly target this.
We will continue to analyse this and carefully monitor how the market behaves now we are near key levels. As soon as we have any updates on this set up we will let you know.
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BluetonaFX
MY THOUGHTS ON GBP/USDIn my analysis on the 2 HOUR CHART, price is moving BEARISHLY, forming a Barrier Triangle Ending Diagonal. Price is currently at 1.25498, I forecast that Wave A may move to price 1.23957 which is 100% of Wave A. Then to price 1.23013 which is 1.50% of Wave A. and finally to price 1.22800 which is 1.618% of Wave A. I used the Elliott Wave and Fibonnaci for my analysis. FX:GBPUSD
HEX back to ATH for Christmas 2023? Could be!I've got a feeling...
So, my call for Hex's bottom got a bit messed up as TV decided to re-generate the chart or something. That means my previous charts won't load, but my bottom target box was hit (check the related chart), and we've seen some nice moves since then.
With Richard Heart's ETH-Fork Pulse Chain launch looking like it's just around the corner, there's a bit of a fundamental twist to my analysis. But getting back to all-time highs is just what good crypto projects do, right? Why Christmas? Well, bull markets often have a wild festive period, even if they keep climbing later on. So, I thought, 'Why not? It's got a fun vibe to it.'
Now, the waves might not play out exactly as shown, but something along those lines seems likely. I've always relied on Fibonacci extensions for targets, and they usually match up well with previous levels when you look back.
Good luck and have fun out there!
$DXY Latest Analysis #DXY #USDOLLARTraders and Investors,
It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and is just a scenario (possibility) for now to consider. The higher time frame levels are there on the chart.
Please check USDCHF and USDJPY analysis too as they can give strength to DXY.
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Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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$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.
____________________________________________________
$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.
____________________________________________________
$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.
____________________________________________________
$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.
____________________________________________________
BTCUSDT is currently bearish!The general idea of the market is still down!
In terms of wave count, we are currently in the second downward wave, and I think the third wave will happen after the gap is filled (marked in the red box).
Round trips must be made before the main drop.
There is a GAP that after it is filled, the next main drop should take place. Anyway, the direction of movement is indicated in the picture. I hope I was able to help everyone.
$GBPJPY Can Go Much Higher #GBPJPYTraders and Investors,
GBPUSD fell to multi-decade lows last year and since then it has been consistently rising up. Whilst GBPUSD itself was not moving that sharply up, other pairs such as GBPJPY showed much higher strength. GBPJPY last week/month crossed an important barrier. If this trend line and this correct resistance level are broken and confirmed, GBPJPY can rise much higher into FCP zones as marked on the chart to complete potential W patterns.
Please note that this is a Weekly/Month time frame so it can take months with a lot of ups and downs.
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.
____________________________________________________
AAPL in a fractal?NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside before that target is reached. Just speculation at this point, will have to wait and see what happens at ER.