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Fibonacci Confluence

JPY Pairs On Fire, CADJPY Has A Good Set Up Coming SoonTraders, USDJOU has been on fire since I published this breakout idea (see below). Now JPY pairs may take a little pause and can correct. They are still very strong so if you are looking to short, please ensure that you have a good confirmation. CADJPY is a good candidate for this correction as it has one the cleanest set up available. We have 2 W patterns, one smaller one which is just about to complete. It should give a confirmation either this week or the next. If the mid point is broken then we can see further shoot up towards the completion of a bigger W pattern. USDJPY on the other hand is about reach a zone with mid point around 128. After this we should see a little correction at least. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
Short
by vikinsa
BTCUSDT wants to retest the 0.382 Fibonacci LevelThe price bounced on the daily support on 39800 As I Told you in the previous analysis and now the price wants to retest the 0.382 Fibonacci level on the weekly resistance on 42k On the 4h timeframe, the price has a supply zone on 42300 How to approach? IF the price is going to retest the 42k and got a rejection, we can apply our rules for a new short position. The scenario is invalidated above the 43k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
13
SOLUSDT is testing the 100$ as supportThe price is creating a descending channel after a breakout from the dynamic support on 115$ The price is testing the 100$ support eight now but we could see a new bearish impulse soon How to approach? IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
27
BTCUSDt is testing the 0.618 Fibonacci Level On the upper chart, the price got a rejection from the monthly resistance on 48100$ and now the price is testing the previous weekly resistance as new support on 0.618 Fibonacci level. On the 4h timeframe, the price is testing the 0.886 Fibonacci level after a rejection from the 0.618 Fibonacci level How to approach? the price needs to hold that level and the next 4h support on 41600-41500. If the price is going to lose the support, the next valid support is 40k. Otherwise, if the price is going to have a breakout from the 43700, we could see a retest on the upper dynamic resistance. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
24
USOIL (Crude OIL) /WTI Full Top Down AnalysisAfter rising paraboilically in past few weeks, USOIL completed a multi year W pattern and fell down for a correction. After a parabolic move, a market usually falls down to a shallow target level and tries to consolidates a bit before retesting few levels and making its move again in further correction. WTI (Crude Oil) is in the second stage of it. It is right now consolidating on higher time frames and is trying to test few levels before it starts to fall again. In this Crude Oil Analysis & Forecast Updates - WTI (USOIL) Technical Analysis For April 05, 2022 we will see the scenarios which may come in the play while trading USOIL. Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
TVC:USOIL
by vikinsa
2
Gold (XAUUSD) Further Update On Analysis And Trading PlanTraders, Gold fell from highs after the formation and completion of a W pattern on weekly time frame. It reached the first profit target of the W pattern, bounced up and then came back down. It is now consolidating at an important level and there are few scenarios which are playing up. In this To down gold technical analysis and updates, we will analyse these scenarios and important levels to play in the coming week. Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSD
by vikinsa
Gold (XAUUSD) Reached Bearish Targets, Here Are Updated LevelsTraders, Please refer to the weekly gold analysis posted over the weekend which explained the bearish scenario. If needed, refer to previous weeks's analysis too. Gold has filled 2 gaps and is about to fill another gap in few moments. This is creating an M pattern (blue)and is also trying to challenge a bigger M pattern's mid point (white pattern) Because of the blue pattern and because of the mid ping of the white pattern, gold can move up. Targets are in white horizontal lines above the current price. If the mid white pattern's mid ping is broken and confirmed, gold can fall to lower completion levels. Targets are horizontals lines and zones. Few gaps are still open. Refer to the previous chart below for them: Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSD
by vikinsa
7
🥇Gold Analysis & Forecast Updates - March 27, 2022Traders, Gold moved higher as expected from the FCP zone. We were expecting it to go little more down before moving higher but nonetheless it was inside the FCP zone which pushed it higher. In has reached an intermediate target FCP zone and performed a retest of the middle point of the W pattern. This still has potential to go higher to 1966, 1974, 1982-1989, 2000, 2024. At 1974 we have potential Head and Shoulders pattern which may or may not play out so do not rely too much on it unless its neck line around 1888 is broken. Remember that we have financial year end, quarter end and month end. Besides we still have war situation going on. So expect a lot of volatility and fake breakouts. Trade what you see and manage the risk. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSDLong
by vikinsa
4
ATOMUSDT is testing the 0.786The price is testing the weekly dynamic support after a triple top on the weekly resistance on 45$. the price tested the 0.786 Fibonacci levels on the daily timeframe. How to approach? The price needs to have another breakout from the main keys level the daily and monthly resistance (33$). IF the price is going to have a breakout and flip the resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
10
$EURUSD Reached Bearish Targets,Can Still Fall Much Further DownTraders, EURUSD reached our bearish targets because of the M pattern. In fact market went much lower than that. Now EURUSD can still fall much further down. If 1.2 level holds as a resistance then EUR is very likely to fall further down to 1.0416 as the intermediary target. Most probably the real target (as very quick one too 🙂 ) will be 1.02 level because that is where the real value FCP zone is. Below is the timeline history of them since our last analysis: 1. Original Analysis: NOV 15 2021 2. Nov 17, 2021 EURUSD: reached the important FCP zone. It can bounce up from here. To take longs, wait for a good confirmation. 3. Nov 17, 2021 EURUSD: getting a bounce from the FCP zone and important level 🙂 4. Nov 22, 2021 EURUSD: Stop loss collection is in process. Gap is filled.A secondary confirmation is needed to add to long or start a new long. Watching DXY closely. 5. Jan 03, 2022 EURUSD weekly time frame now looks like this. It reacted to the zone late. As DXY is strong, it has not showed good reaction and it is more of a sideways action so far. It can still go higher if the conditions change as we are now above the FCP zone. But any weakness can bring it down close to the pre covid levels and gap which is left open; 6. Jan 28, 2022 EURUSD: waited around the FCP zone, filled a gap and pushed a little higher. It got rejected by 1.14211 level. Now it is moving towards a gap and a bigger M pattern around 1.1 level. Again, similar to DXY it can push back up to retest the previous structure. 7. EURUSD now: (March 17, 2022)
Short
by vikinsa
$XAUUSD Full Long Term Structure Analysis #Gold #XAUUSDTraders, this is the full analysis of XAUUSD (Gold) price. This has been covered several times in my video analysis as well. Important W and M (FCP Patterns) are there in the chart. Read the notes they will guide you. Remember that this is higher time frame plan and take weeks or months. It may change as well in time so always put things in perspective of time frame that you are analyzing and trading. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSD
by vikinsa
5
Gold Urgent Update- Must Watch!Trader, Under current market conditions, Gold has been flying and is nearly at all time highs. Whilst all time highs can not be ruled out, we as traders must stay objective and assess all possibilities. In this quick and urgent analysis on Gold we will see what has happened and what is expected next. Important levels of xauusd are also in this analysis. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSD
by vikinsa
1
ATOMUSDT is retesting the breakout!The price tested the daily support on 24$ with a false breakout. On the daily timeframe we can see a pin candle on the 0.886 Fibonacci level, it's a key level. On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$ How to approach? The price must confirm the breakout, we could see a retest of the dynamic support. If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$ ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
6
ADAUSDT is testing the weekly resistanceThe price is creating a descending channel on the daily timeframe, and now the market is testing the daily support on the 1.13 Fibonacci level on the daily support. On the 4h timeframe, the price is testing the descending channel between weekly and daily structures and the market is testing the 0.382 Fibonacci level right now. How to approach? The price needs to get bullish momentum and volume, create a new breakout from 1$ and flip the 0.618 Fibonacci resistance as new support, around 1.10$. In that case, we can add in our watchlist and wait for applying our rules for a new long position. Otherwise, if the price is going to lose the 0.78$ support, we could see a new bearish impulse –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
BTCUSDT is testing the resistanceThe price had a nice bounce from the daily support 35k and had a breakout from the descending channel, it's a good sign. On the daily timeframe, the price is going to retest another key level on 46k, if you look on the left, you can see how the price respected that level. On the 4h timeframe, the price is testing the dynamic support as new resistance on 44k. How to approach. We need to see another breakout for a long scenario, the price needs to have a breakout from the dynamic resistance and daily resistance as well. If the price is going to confirm the breakout and it will satisfy our rules, the next valid resistance is 51600k exactly on 1.618 Fibonacci level. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
$DIA Can Jump Up Now #DowJones #US30Traders, Dow Jones and other indices (NASDAQ and SNP500) yesterday had a blood bath but they all completed their respective bullish patterns. US30 (Dow Jones) completed an M FCP pattern and has also touched a weekly trend line. It is also forming a good monthly candle pattern which indicates that March can be a bullish candle for this market. As the conditions are not very favourable , a tighter risk management is needed. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
U
by vikinsa
2
$DXY #DollarIndex Can Rise, W Pattern FormingTraders, this can be a short term opportunity to start with so risk management must be adhered to. DXY (dollar index) is forming 2 W patterns, (one small and other one bigger). These can push the price upwards. If the lower structure zone is broken then this idea will be invalid. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
TVC:DXYLong
by vikinsa
1
$BTCUSD #Bitcoin Can Rise, M Pattern completed, W formingTraders, Bitcoin has just completed an M pattern in a consolidation area which can push the price upwards. This M pattern is also part of a bigger W pattern which in turn can push the price up. These are the levels and directions (arrows) that we can look at. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
COINBASE:BTCUSDLong
by vikinsa
1
Gold Important Levels To Watch Out ForTraders, Gold had a great breakout. After hitting few of our bullish targets, it is now sitting at an FCP zone and 1900 round number which can create a short opportunity. In fact nearly all upwards moves on gold at the moment can bring us good short opportunities too. The horizontal lines and zones are potential targets areas and support/resistance. So make sure you manage your positions around them. A deeper analysis is available on the channel. Although gold can fall any time for a correction next week, 1910 still looks like a good level to watch out for a confirmation on a short position. There are several liquidity areas available on gold which market can hit with a swift move so a fall to lower levels can not be ruled out. Trade what you see and ignore any hypes. Stay objective. 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. ____________________________________________________
OANDA:XAUUSDShort
by vikinsa
OCEANUSDT is testing the Fibonacci retracementBINANCE:OCEANUSDT The price got a rejection from the 4h resistance and daily dynamic resistance on 0.6253$ and now the market is going to retest the 0.618 Fibonacci level on 0.58$. How to approach? IF the price is going to have a breakout from the descending channel and 4h resistance on 0.64, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
OLong
by InkyGrip
8