#USDCAD Has completed the M Pattern, Can RiseTraders, USDCAD as completed an M pattern that we have been watching for weeks. There was an initial reaction. This can run into a confirmation to go long for least first profit target. But beware of a small Head and Shoulders pattern formation too which is the M pattern itself. That can push the price further down. DXY still has room to go down.
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Vikinsaconfluencetrading
Predicting, Planning Trading Fibonacci Confluence PatternsTraders, In this educational video, we see an example of predicting a Fibonacci confluence pattern (stepper M pattern ), planning our trades around it with entry and profit targets with high accuracy.
This is indicator free analysis and I have used only standard fibonacci tool and a trend-line. Hope you will enjoy this and find this useful. Hit the like button and subscribe if you found this useful.
Thanks
-Vik
#GBPUSD Short Opportunity Coming Soon Here In This ZoneTraders, we are monitoring this zone where a bearish W pattern completes on higher timeframe and confluences with 200sma. This can be a good opportunity for short as we also have a bearish pattern on the lower timeframe too.
This is what we discussed in out weekly YT video analysis too.
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#GBPUSD Is about to reach second profit target but...Traders, #GBPUSD Is about to reach second profit target but...it can go higher to 1.26846 if it continues higher.
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#GBPUSD Long trade has Reached First Target, Moving To Second OnTraders, #GBPUSD Long trade has Reached First Target, Moving To Second One. At the second target, a bearosh W pattern will finish. So I will look for profit taking and shorting.
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#USDCAD Is About To Reach Interim Profit Level And/Or BreakoutTraders, USDCAD long position is about to reach its interim profit target at 1.37247. Be careful if you are long. A bearish W pattern is completing in this area. However if this level is broken to the upside, we are looking at 1.38453 where 38.2 fib is.
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#EURGBP Is Reaching A Bearish Zone After Second Profit Of LongTraders, EURGBP has been going up slowly because of prior completion of M pattern. This pattern has nearly completed its second profit target level. There are other fibonacci confluences too. So there can be a downward reaction.
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#GBPUSD Has Reached It Profit Target, Now What...Traders, GBPUSD Has finally reached its profit target. As it is completing a bullish M pattern now, there can be a push upwards so if you are shorting it, be careful.
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#EURUSD Is Moving To The First Target But Watchout For W PatternTraders, EURUSD short has been doing great. It is moving towards the first target but there is a W pattern forming. If that happens, it can go higher back into the zone. Manage your positions accordingly.
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#Gold is forming another bearish pattern inside the zone 1771Traders, we are watching the zone for a bigger pattern to complete. But there is another one forming which adds to our confluence . Watch out for 1771 price level.
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#DXY #DollarIndex Has Moved Down As Expected But What Now?Traders, #DXY #DollarIndex Has Moved As Expected But What Now? It has reached its first profit target for bearish pattern that was completed on Monday morning. Dollar is down to everything else sort up which is dependent on it.
Now DXY is struggling to see if it wants to fall down even futher. If it does, as I explined in my weekly YT analysis video, EU, AU, GU and indices are expected to go and possible Gold as well.
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#SNP500 #SPX A Better Zone To Short From But..Traders, #SNP500 #SPX A Better Zone To Short From where it is completing a bearish pattern but this trade may take longer than expected. If this works then we may want to hold it for a long time for days and weeks.
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#NASDAQ #NAS100 Possible Divergence In The Zone With PatternTraders, #NASDAQ #NAS100 Possible Divergence In The Zone With Pattern. This can give us a good short opportunity.
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#Silver #XAGUSD Is Falling From Zone Again With Bearish PatternTraders, #Silver #XAGUSD Is Falling From The Zone For The Third Time with bearish pattern completion. We are looking for short confirmation on it.
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#Gold #XAUUSD A Bearish Pattern Is About To CompleteTraders, #Gold #XAUUSD A Bearish Pattern Is About To Complete. Beware of that.
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#GOLD #XAUUSD Trading PlanTraders, Gold is still consolidation and the gap up today can again be a fake breakout for bull trap. So must follow a proper plan based on structure and rules. Here is what I am looking at.
#EURGBP Another Short Term Short Opportunity traders, we have #EURGBP Another Short Term Short Opportunity
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#EURGBP Day Trade OpportunityTraders, we may have a day trade short opportunity on eurgbp in the zone
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#SNP500 #SPX A Better Bearish Pattern Is Completing About NowTraders, #SNP500 #SPX A Better Bearish Pattern Is Completing About Now
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#USDCAD Is Moving Towards The Profit Target LevelTraders, #USDCAD Is Moving Towards The Profit Target Level, see the attached idea
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#AUDUSD Is Still Falling From The Zone But Watch Out For This..#AUDUSD Is Still Falling From The Zone But Watch Out For This level at 0.6767
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#BTCUSD #BITCOIN Is Falling To The Profit LevelTraders, Although bitcoin is consolidating, it is falling to our profit target level that we have been watching for weeks now.
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