vikinsa

vikinsa Sep 16, 2024

What's Happening With Gold? Gold had a huge breakout after several weeks and moved sharply towards 2600. (Please keep in mind that I am referring to a particular CFD/spot feed for XAUUSD.) Although the momentum remains bullish and the bearish divergence (as I posted the last time) remains intact, there is a pattern that we should now be aware of. We now have 2...

vikinsa Jul 20, 2024

Dax has taken a little different route. It has been consolidating but last week, it created a massive bearish engulfing candle. Which can push the price to the FCP zones below. If the first one fails we have an M pattern completion at the second FCP zone. Beware of a gap around 17200 level. If you found this interesting please consider supporting this analysis...

vikinsa Jul 20, 2024

EURNZD has completed a W FCP pattern but did not reverse. It is now at a structure resistance level which can make it fall. Wait for sell confirmation. If that comes this can be a good short opportunity. If the price breaks and confirms the previous high, we will go long based on the confirmation. If you found this interesting please consider supporting this...

vikinsa Jul 20, 2024

The last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen: If you found this interesting please consider supporting this analysis by...

vikinsa Jul 20, 2024

AUDCHF completed a W FCP pattern. This made the price fall. It has fallen hard and could possible be going towards the area where we have confluence of an FCP zone and 2 trend lines. This can be a good Buy area for a possible bounce up. As always wait for the confirmation on the smaller time frame. If you found this interesting please consider supporting this...

vikinsa Jul 20, 2024

USDCHF is at a resistance zone. If the market make it a support zone and gives a bullish confirmation above it, it can be a good buying opportunity. At the moment it is at resistance level so if you want to go long, you must wait for a proper confirmation. Remember Buy at support and Sell at resistance :) If you found this interesting please consider supporting...

vikinsa Jul 20, 2024

NZDUSD Can Rise From The FCP Zone & M Pattern As the chart indicates, we have an M pattern completion along with and FCP zone on the daily time frame. Wait for a confirmation based entry on smaller time frames. This can be a good day trade or swing trade opportunity depending on your trading plan. If you found this interesting please consider supporting this...

vikinsa Jul 14, 2024

AUDUSD has reached an area where it has completed a complex W pattern. There are a few levels and zones (as on the chart) to be watched. When W pattern completes, a correction comes. This idea is on the daily time frame, so wait for a confirmation on smaller time frame to execute trades. If you found this interesting please consider supporting this analysis by...

vikinsa Jul 13, 2024

Japanese Yen collapse continues with its lowest closing price in 34 years. If it falls through 160, it will be the lowest level against the U.S. Dollar since the 1980s. It can get even worse. Let's look at some charts: 1. We are currently sitting at 160 resistance level where a W FCP pattern is completed which can give us a correction. This is the last level...

vikinsa Jul 13, 2024

This is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs. 1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon. 2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes...

vikinsa Updated  Jul 13, 2024

GBPUSD had an explosive move last week. This was mainly due to a fall in USDJPY from a resistance level that I shared. See the attached chart. This made DXY fall and most of the USD based pairs felt the impact of that. Now GBP use is back in a possible resistance area. Watch out for a W pattern and these levels. If you found this post useful or information please...

vikinsa Jul 13, 2024

EURCAD is near W pattern completion. This has been a complex W pattern in formation which usually gives a good pull backs. This is a swing trade idea, so wait for a proper confirmation before going short. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.

vikinsa Oct 14, 2023

NVDA Can Fall: NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line....

vikinsa Aug 12, 2023

Traders and Investors, No matter what the media and general consensus say, simply look at the charts and trade what you see. The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has...

vikinsa Jun 20, 2023

Traders and investors, Bitcoin has been causing a lot of confusion among traders and investors. So let's break it down and understand. 1. in June 2022 (1 year ago) Bitcoin broke out of the 30000 price tag but never retested that. 2. This year it formed a W pattern to reach that level and retest it. 3. The price reached 30000 this year and completed that W...

vikinsa May 27, 2023

Traders and Investors, EURUSD has been falling after reaching one of our long-term targets. Now it is at a junction from which it can make a little jump. The price action is still weak, so we must be watchful and wait for good confirmations. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...

vikinsa Updated  May 27, 2023

Traders and Investors, Gold has fallen from the highs after creating a possible triple top. It has now reached a trend line that can support this in a short duration. This support can produce a minor jump upward or even consolidate. The consolidation can create a bear flag which again pushes the precious metal downward. The overall higher medium time frame bias...

vikinsa Updated  May 26, 2023

One of the fallen super heroes of one time has broken through 5 year lows. At this moment in time, the price is getting ready to reach an FCP zone which can be a potentially very good idea to buy or accumulate. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do...