Traders, NASDAQ ($NAS100) US100 Can Rise Intraday. We have an M pattern, a demand zone and an unfilled gap. So watch out for this intraday opportunity. 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...
Traders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never...
Traders, DXY (Dollar index) has been massively bullish as expected. Forget about what media has been saying about inflation, printing etc. The truth is that Dollar has been rising and markets worldwide have been getting affected by this move. Because of the general consensus, a lot of traders, investors and even institutions have found this move surprising and...
Traders, 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...
After 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...
Traders, 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...
Traders, 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...
Traders, 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,...
Traders, 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...
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...
Traders, 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...
Traders, 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...
Traders, 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...
Traders, USDCAD has been consolidating for weeks but now it has started to show a sign which can push it higher. This can be multi week position sort of opportunity which is just about to start. See the chart for notes and levels. Take one steps at a time. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade...
Traders, Before hitting this FCP zone GOLD consolidated around 1843 level but we were expecting a bullish move to 1850 FCP zone. Above this zone (if confirmed) was a case for bullish gold. But market did not give us any confirmation and Gold fell from the FCP zone on the completion of a W pattern. The parabolic rise of the DXY (dollar index) pushed the gold faster...
Traders, The dollar (DXY) has been rising higher as expected. 2 weeks ago we published an update in which we mentioned that dollar was simply taking a healthy correction for the next move upwards. Dollar Index has exactly done that. It has tested an FCP zone and trend lines and gone up for parabolic move. Dollar can still rise to 100, 103, 105, 113 on the...
Traders, DXY Dollar Is Still Bullish After Expected Correction. We have been expecting this correction as it had reached an FCP zone where it consolidated for quite a while. This correction that we had was a shallow one so if the USDOLLAR picks up momentum, it can again go into the next leg upwards parabolically. On the higher time frame we still have structure...
Traders, Gold had a mix week. We hit few targets early on in the week and ended with a profitable trade but lost a trade too. The price action was slightly confusing. So in this Gold (XAUUSD) Further Update On Analysis And Trading Plan lets first see what we were expecting and what happened. Then we will look into possible trading plan for the next...