Traders, USDJPY has been very bullish and it has come back up to the previous high which can help create a double top. It has also completed an FCP W pattern and started to show little rejection on the daily time frame. This means that it can fall down to 114.3 levels but due to the recent strength, if it confirm the momentum above 115.40 it can higher to the...
Traders, Happy New Year. As this is the start of a new year we reset our analysis and start afresh . Gold is showing some of the very important patterns to trade in 2022. Using our fibonacci based FCP analysis and candle stick patterns, we try to anticipate and forecast the bias and possible levels in XAUUSD. Gold is expected to be bearish this year but we must...
Traders, Bitcoin has still been falling down as expected because of completion of W pattern that we traded. Now last few days it has been working quietly on a Bull Trap and head and shoulders pattern. In our FCP methodology we do not use head and shoulders pattern because treat them as complex W and M patterns. But this is something to watch out for. Markets can...
Traders, VIX (The Volatility Indicator) Has reached an important level and has started to show signs of little reversal. This is not much as of now but because an M FCP Pattern is completed at this level and this cam also lead to the start of formation of bigger W pattern, the volatility can rise again. This is something to watch out for. Markets can be very...
Traders, I trade UKOIL (Brent) mainly because of GBP factor but this idea can be applied to USOIL (WTI) as well. There is a head and shoulders pattern on Brent but there is a gap left too. Gap is present right at the completion of a W pattern which can give us very good short opportunity. If the market does not go up there to complete the W pattern then break and...
Traders, While US30 (Dow Jones) has been taking a correction, NASDAQ pushed higher. This can created a good opportunity short the market of the confirmation comes. The market is created wedge and bearish divergence based double top set up. Coming week will be very important for NAS100. Trade this market for a reversal carefully as it is still in heavy bullish...
Traders, DOWI (Dow Jones) pushed really nicely after a good correction. Now like all indices worldwide this is also looking over stretched and has started to go side ways on higher time frames. The current weekly price action has been very strong. The current weekly candle is very strong and next week it is expected to have a bull candle too but we must wait and...
Traders, APPL (Apple stock) can now have a correction on weekly time frames and quite possibly fall hard. The price is very extended and is due for a possible correction/reversal. Watching these 2 FCP reversal zones for possible confirmations. The confirmations must either multiple conformations on daily time frame or weekly time frame. Trade what you see and...
Trader, Bitcoin (BTCUSD) consolidated for some time and then showed a little strength. This strength can be deceiving just to create all time highs and completed an extended W pattern which usually is a bearish pattern if confirmed. This is not the right time to buy BTC1! as it is close to the reversal FCP zone and a psychological 70K round number. Better place to...
Traders, FTSE (UK100) completed a huge bearish W pattern which gave us the level 7339. (See the attached idea). It missed the an important pre-covid level where we have a gap left. Last time it came very close and fell down for an initial reaction to create a bear trap. Now it will most probably try again to close that gap up and collect few stop losses around the...
Traders, Coffee like other commodities has been on a huge run this year. But now it has reached a point of pause, correction and possibly reversal too. So coffee futures can fall down from the FCP zone. Wait for a confirmation as the market has been trending hard upwards. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on...
Traders, NZDUSD has been falling without any supports and has reached a level where it can finally stop, take a pause and reverse for an upward correction. At this level: 1. It has past structure 2. 78.6 Fib 3. Gap which has now been closed after a period of more than 1 year!! :) 4. Extended M pattern completion All these factors present us with a good...
Traders, This analysis and trade idea is on UKOIL (Brent) because I personally find it easier to trade due to few reasons. But USOIL (Crude OIL) and UKOIL usually run in the same directions with minor differences. So if this analysis works out, you can apply the same for USOIL too. USOIL fell from our levels as you will see in the attached idea. This has been...
Traders, US30 (Dow) has been following our bearish plan for sometime. It can continue to fall further down if this and important level is broken. This will lead it to form an M FCP (Fibonacci Confluence Pattern) . As always to stay unbiased and to assess the max risk, we have a bullish scenario as well. If the Dow Jones (US30) starts to move up then it can form a...
Traders, As expected DXY has picked up strength and as EURUSD is the biggest part of DXY its impact will show up in EURO. The price has been declining and it is reached an important level right now. A M FCP Pattern is completing hhere. This can push the price up from here. But a lower level is much better for a buy. Ultimately EURUSD can fall to pre pandemic...
Traders Dollar has gone parabolic as expected and has been gaining strength. We have been holding our long bias since 89 level. DXY can go much higher from here is the momentum picks up further. However there are few levels on dollar index which you should be aware of. In our analysis we always look at both bearish and bullish scenarios so that we can plan our...
Traders, We have been watching and trading FTSE 100 (UK100) for a long time now. After a huge consolidation it broke out and started to move upwards. It is not on its path to a critical level where we complete a good W FCP Pattern at pre-pandemic level along with a price gap. This should make the index fall. So we have great long and short opportunity ahead. Long...
Traders, GBPUSD has completed W pattern and can give us good short opportunities. 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...