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Fibonacci Confluence

#XAUUSD #Gold Weekly Top Down AnalysisTraders, Gold found strength last week to move higher but be careful. As I posted on May 8th, this can be a fake breakout. All signs on gold are still bearish. In this top down analysis I present all those factors. 1. Monthly W patterns 2. Weekly W pattern 3. Daily Double/Triple top 4. Daily RSI divergence 5. 4H W pattern. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
OANDA:XAUUSDShort
by vikinsa
7
#GOLD #XAUUSD Update:High Probability Zone To Watch For ReversalTraders, gold has violated the previous zone and is over stretched. It is trying to reach a level where it can reversal (at least for the mid term). As most traders are long, this can reverse any time to create a huge bull trap. So I am watching all the potential reversal zones. None of the other technical reason have changed at all. 1. Monthly W patterns 2. Weekly W pattern 3. Daily RSI Divergence 4. 4H W pattern. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the post to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
GShort
by vikinsa
1
#BTCUSD #BitCoin Weekly Top Down AnalysisTraders, Bitcoin has been moving exactly how we expected. But the last move was not complete. It is probably trying to create double/triple top patterns on daily and 4h charts. So we can expect it go down a bit. However we also see a bullish case in this analysis. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
COINBASE:BTCUSDShort
by vikinsa
#AUDUSD Weekly Top Down AnalysisTraders, AUDUSD gave us few very good short trade profits. This is not over yet. With any sign of strength in DXY dollarindex, we can expect AUDUSD to fall further down a bit more. I will look for an opportunity to short at a better price level. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Short
by vikinsa
#DXY #DollarIndex Weekly Top Down AnalysisTraders, DXY, dollar index now has more chances of going higher than lower. Past week has created few minor structures which can support the DXY. That also means that USD pairs such as EURUSD and GBPUSD and AUDUSD can go down too. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
TVC:DXYLong
by vikinsa
#AUDUSD Weekly Top Down AnalysisTraders, AUDUSD is still bearish because of nearly all time frames supporting it. Here is my analysis on audusd. 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! P.S. (This is for education only. Not a financial advice or signal.)
Short
by vikinsa