Get started

Fibonacci Confluence

#USDCAD Weekly Analysis: Not Much Changed, Can Go HigherTraders, Not much has changed on USDCAD. Last week, it hit a supply zone and fell from there but the fall was not great as expected. I am still expecting it to go upwards and create a double top/divergence from a higher supply zone. If that happens, I will look for a short opportunity. If you are already in short position, make sure you secure profits. Watch DXY, EURUSD and AUDUSD weekly analysis too. Hit the like button and subscribe if you enjoyed this analysis. Thanks!!
Short
by vikinsa
#EURUSD Weekly Analysis: Last Bull Chance Inverted Hammer, FibTraders, EURUSD has been punishing traders by not giving any kind of retracements upwards. It has been strongly and quietly breaking all support levels pushing the price down. That behaviour is not normal and is currently consistent with DXY (Dollar Index) behaviour. (See DXY analysis attached). We now have reached a point where we have last chance for bullish scenario, at least with current analysis. We can expected a bullish move upwards and then back down to create divergence/double bottom. Hit the like button, subscribe and share if you found this useful. Thanks!!
Long
by vikinsa
1
#AUDUSD Weekly Analysis: Bullish But Losing Strength & Momentum?Traders, AUDUSD has been bullish after completing several patterns inside the high probability zone. It came back in the zone to create a divergence and now it may come back. On 4H time frame we can see it losing momentum. So we will plan our trades based how it reacts on the completion of 4H time frame. Checkout DXY and EURUSD weekly analysis too. Hit the like button and subscribe & share if you found this useful. Thanks!!
Long
by vikinsa
#GBPUSD Weekly Analysis: More Downside Expected Sooner Or LaterGBPUSD has been creating bearish pattern and last week's rise was expected due to : 1. 38.2 Fib target hit 2. Mid of Bollinger Band hit 3. Weekly Bull candle hit (Mid of the M pattern) So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from. Hit the like button and subscribe to my future analysis if you found this analysis useful. Thanks!!
Short
by vikinsa
2
EURUSD: Fib Ratios and Harmonic Price Moves (Swing Trade UPDATE)Heres a peak of the previous post: The support at 1.103 was not as strong as I expected, but still this just leads to another opportunity. Noticed some high impact news concerning the euro coming up on Monday by Germany. Im pretty sure the dip today is just another manoeuvre to add fuel to the liqduity pool. In this chart we are not looking at a defined harmonic pattern, but we see some confluence by the 61.8% fibonacci ratio with a twist of harmonic price movements. A harmonic move is simply symmetry between price and/or range or length. As showed on the chart AB took 3 bars to complete and BC took 5 bars. Multiply 3 by 5 you get 60% which is also very close to the 61.8% as showed on the chart. Even though I got stopped out of the previous trade I am very tempted to try placing stops at 1.009xx for a potential return of 15 times risk. I do believe its safer to put stops at 1.098. This still offers potentially 5 times the risk. Im already in both trades after taking a small loss from the previous trade posted in the channel. Please leave a like as a sign of support and make sure to leave a comment below if you have any ideas regarding EUR/USD and make sure to check the related idea for more information! Good luck to all trading EUR/USD for the next 2 months!!
Long
by MikulovicFOREX
1
#EURUSD Has More Chances Of Bullish Week Ahead - Weekly AnalysisTraders, Although EURUSD has argument for both long ans short positions at the moment, we must not forget that on the daily time frame we are still in uptrend. Also Weekly Elliott Wave is also still intact. So There are are more chances of medium to long term bullish movement. One scenarios is that we will start the bullish movement right away or other scenario is that we may have 1 -2 bearish days or a gap down on Monday but we should finish the week with a bull candle if patterns play alright and nothing significant comes in the market. Lets see how it unfolds. We must watch the zone in red to look for bullish structure such as engulfing candle or pin bar. Please hit the like button and drop a comment below to encourage me further to bring my best to you. Thanks.
Long
by vikinsa
#GBPUSD Update: Another Pattern? Whats Is Happening?GBPUSD Is still on the right path towards the 38.2 fib level target and it may just be in the process of making another pattern to confirm that target level. See my weekly analysis video before this to get a full idea of what is happening. (see attached idea) Ba careful of Brexit coming in 2 weeks. Better to stay out and watch than trade wrong with high risk. Please leave a comment or query and like the idea if you found any value in it. Thanks :)
Long
by vikinsa
7
#EURUSD Top Down Fibonacci Confluence Weekly AnalysisHi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen. Hit the like button and leave a comment if you find a value in this analysis or have any query.
Long
by vikinsa