Vik_FinTrader

Vik_FinTrader

Prices at 61.8 Fibo on weekly, touching ancient support zones, now resistance. Opec+ member Russia now admiting some production rise by June. Price targeting previous consolidation zone, with an acceptable R/R = 2.

Vik_FinTrader

Sell trade near top of a looming downtrend channel. A purely technical take, no fundamental or political considerations related to Brexit, as they are a futile exercise at the moment.

Vik_FinTrader

Sell trade near top of a looming downtrend channel. A purely technical take, no fundamental or political considerations related to Brexit, as they are a futile exercise at the moment.

Vik_FinTrader

Better than shorting EURO, I think buying Gold/EURO is more reliable (imho). At leats for next few days. Catalonia crisis is an unchartered territory...

Vik_FinTrader Updated 

My bias is neutral or slightly bearish for the short term. Usually any inversion or a continuation patterns takes some time to develop. So, in the attached chart we can see some confluences in the price action that invite to the following reasoning: 1. Red dot line at $1300 suggests a significant resistance, needed to be broken for the price to reach $1350. 2....

Vik_FinTrader Updated 

Validations Multi-month Rising Wedge suggests to be at its end (almost two typical day bars high). Note that the previous drop was determined and vigorous, in clear contrast to the to following 3 months. Under theses circunstances, this pattern often precedes a downtrend move. Central Banks appears to be on different path - US counterpart possibly rising rates...

Vik_FinTrader

A pure technical take on EURUSD Validations Rate testing support @ short term up channel. Expectation are FED will move only after US elections. Invalidations As per other US crosses, strong economic data could derrail this strategy. Persistent bullish chatter in the media channels.. Parameters Buy @ 1.1170, SL @ 1.1130, TP 1.1395 Cheers