GBPUSD Short Term Levels And ZonesTraders, these are the GBPUSD target levels and zones that I am watching.
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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✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Fibonacci Confluence
Gold Important Levels and Zones- April 2021 Update!Traders, Gold has always been very good with our FCPStrategy. Last week it came back to our 1681 area which we identified in August 2020. Now because that levels is important, it started to form a double bottom. Beware of that double bottom. That may lead traders in to the thinking that gold has bottomed. But there can be a final downward move to collect the stop losses on XAUUSD. So be watchful.
Please note that the Gold also has a bearish case on monthly time frame in 1500s so if 1681 levels is broken on weekly basis, we will switch our bias to bearish once again.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY (Dollar) Important Levels & Zones - April 2021 Update!Traders, Dollar (DXY) has been rising since the start of this year. This was expected because it hit the FCP and demand zones. On multi year time frame it is running inside a channel which can push this upto mid of the of the channel around 95.5/96 area.
As FCP W pattern has formed, we expect dollar to give us some correction which can give us good short opportunities. As the higher time frame bias remains bullish on dollar, this correction can also give us an opportunity to add/initiate long positions.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Trend Reactionary Numbers Natural Contraction & ExpansionMY DAILY RANT :
As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory the hourly, daily and weekly fluctuations are very difficult to forecast. This is where the masses lose capital. In the market the crowd is wrong 90% of the time because the majority of traders are following current price movements, those that followed earliest have the greatest chance to profit, however, they do not know when to escape and tend to lose the gains that were luckily attained {once again to emotions of Greed and Fear, a never ending vicious circle for the neophyte}. In short most traders do not like to think or study it is not an easy task. Thinking and Study require patience and effort. I once read a profound statement "Patience is not a virtue of the weak". That short statement helped me immensely, I was once guilty of all those market sins and more which I will detail in future posts. Now back to the task at hand, the explanation. My take on the market has evolved through my 30 years of active market participation, and one major {for me } paradigm shift occurred when I shifted away from the temporal use of Time. I realized that having a temporal Belief was creating confusion in slow or fast moving markets. Whenever you create confusion it produces frustration which creates non-adaptive behavior that gets you STUCK and that creates losses. I would bet that 99% of the traders that are reading this post if asked for their definitions of short, intermediate, and long term would respond in some sort of time factor. Many would say that short term is 3 days or less, Intermediate is 2 weeks and long term is monthly or some combination of those time factors. These widely used terms and definitions over time {no pun intended} did not serve me well. They may be appropriate for the non professional trader to describe how long he wishes to hold a position or to describe market movements as he understands them, but not for the professional. I had come to realize that due to increased volatility, speed of market news dissemination and Blog Factors {think Game Stop for example} market movements that in the past took weeks or months are now being completed in days or sometimes hours. I adopted different descriptions of short, intermediate, and long term to percentage price movements instead of specific time intervals. This one shift in beliefs allowed me to see mathematically how far a market moved and at what speed it was moving {based on the time factor}. It gave me an ability to realize an Intermediate move{for example} was happening very quickly and that alerted me to look for escape levels for profits or to cut a loser.
Consider These Percentages:
Ultra Short Term 1/2 % {.005} - 1.9%
Short Term 2% - 2.99%
Standard Term 3.0% - 3.99%
Medium Term 4%- 5.99%
Standard Medium Term 6% - 8.99%
Long Term 9% and above.
Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance. These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature , or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
Gold Mid Week Analysis Update - Buy Or SellTraders, further to my analysis over the weekend, this is an update on Gold (XAUUSD) using FCP Analysis technique.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
UKOIL & USOIL Updates You Should WatchTraders, Both UKOIL and USOIL worked exactly as we expected. They both fell right into our targets. Now there can be little ups and downs but these markets are still bearish.
So lets see what trading opportunities lie in these 2 commodities markets with our FCP (Fibonacci Confluence Patterns) analysis.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY To Fall? Analysis & Forecast UpdatesTraders, DXY has been bullish since it hit 89.89 level which we predicted in August 2020. Since then the progress has been slot but stead as well. Now DXY can look for a minor correction just to support the previous bearish move down. Remember we are in a corrective phase at the moment so the market will try to resume the bearish momentum at least once more.
So what opportunities are there or how the USDOLLAR can affect the markets next week. Lets find out.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
LTCUSDT is testing 0.618 Fibonacci level 🦐After a correction, the price had a breakout from weekly resistance, and the price is creating an ascending channel. IF the price will have a breakout from the current resistance, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Bitcoin Important Zones: It Can Rise But Must Over Come TheseTraders, These are the zones and levels which can be important in bitcoin's journey upwards. If these zones and levels are not broken then it can fall further down.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY Complete Analysis & Forecast: Why DXY Is Important In MarchTraders, DXY (Dollar Index) represents the strength of the dollar against major currency pairs. But it is more than that. Nearly all financial markets are so far dependent on the usdollar directly or indirectly. That means if dollar moves up and down nearly all markets including indices (us500, dow jones etc.) , cryptos (Bitcoin, ethereum etc.), commodities (gold, silver, usoil etc.) will move up and down.
So does not matter whether you trade DXY (dollar) or not. You must watch it and analyse its moves.
All the best in March and 2021
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Deep Crab Served With 21 Petals of LotusHi guys, how are you ? Hope you guys are doing good.
Suddenly crossed in my mind about this counter which had famed before, So i came up with a lil 2cents of opinion here... take a look when i rely 100% by only using harmonic pattern and geometrical fibonacci.
Take a look, here is what i found.
1. Current situation of flat price (Sideways)
2. A monster pattern named deep crab appear which indicates the probability of reversal most likely to be happening when reached the reversal point at any levels of geo-fibo above.
3. "Fibo Convergence" appears 2 times which indicates 2 different level of fibo numbers meet at the same level of price (plus minus 2point)
Well, this is only based on my limited of understanding as a human being, cause i believe people need to always upgrade the knowledge.
This is only the study of probability and not a confirmation. Buy at your own risk(BAYOR)
All the best traders, May God Bless.
Best regards,
Zhafri Azizan
Deep Crab Served With 21 Petals of LotusHi guys, how are you ? Hope you guys are doing good.
Suddenly crossed in my mind about this counter which had famed before, So i came up with a lil 2cents of opinion here... take a look when i rely 100% by only using harmonic pattern and geometrical fibonacci.
Take a look, here is what i found.
1. Current situation of flat price (Sideways)
2. A monster pattern named deep crab appear which indicates the probability of reversal most likely to be happening when reached the reversal point at any levels of geo-fibo above.
3. "Fibo Convergence" appears 2 times which indicates 2 different level of fibo numbers meet at the same level of price (plus minus 2point)
Well, this is only based on my limited of understanding as a human being, cause i believe people need to always upgrade the knowledge.
All the best traders, May God Bless.
Zhafri Azizan
Air BnB follow the Yellow Fib Road Air BnB Printing a Fresh ATH Recently and now pulling back towards the .66 as per the chart ... Climbing up a Acending Channel Since its inception in December with healthy pullbacks along the way .
If this trend is to continue then we shall fall down to the 190 region before a move upwards to perhaps another ATH . Be aware of Earnings Numbers on the 25 Feb .
IN the meantime Thanks for stopping by and remember to have a plan in place before taking any trade . Like and follow is all i ask .. My Gratitude and thanks
Brent (UKOIL) 65 Dollar Can Lead To Fall DownTraders, On the higher timeframe, UKOIL is reaching an FCP zone and is looking overstretched. It can take correction from this FCP (Fibonacci Confluence Zone) all the way max down to 50 dollars.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Latest Analysis Updates AUDUSD, EURUSD, GBPUSD !!Traders, here are the latest updates on EURUSD, AUDUSD and GBPUSD.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
GBPUSD Update.. Bullish But May Take A BreakTraders, in this update we can see what opportunities are there on GBPUSD on both long and short.
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
USD/JPY 200EMA and 50EMA gap closeOn the daily timeframe the price action tried to break the 200EMA but instead it retested it and now it's going bearish. On the 4h timeframe the price action broke the 50 EMA and now we may have an opportunity to go short. Wait for confirmation when price action retest the 50EMA a gap close towards 200EMA will be happening. Go short around 104.977 and take profit approximately at 104.410 or where the price meet the 200EMA.
Don't just copy trade. Trading is risky! Good luck.
DXY Created A Huge Bear Trap And Started To Move UpwardsTrader, we have been watching Dollar for a long time now and were expecting a bear trap when I posted this at the start of the December. A huge final move was expected before the M FCP (Fibonacci Confluence Pattern) completion and then move upwards.
Fed Stimulus or not
Goldman saying Dollar is bearish or not
All media against dollar or not
Economy down or not
Market Gurus playing DXY down or not
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 set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________