Vik_FinTrader

Vik_FinTrader Updated  Mar 6

As week and month progresses, I'll monitor the 60 price level and how down Trend Tine is consistently break up. I'll consider a Buy with SL=44.95, TP1=113, TP2=165, for a RR=3 and above. Just price action and volume considerations here.

Vik_FinTrader Jan 31

Looking for a breakup descending trend line and consistent price action above. If so, a Long position will be opened. Later on, the position parameteres will be updated.

Vik_FinTrader Apr 8, 2019

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 Nov 28, 2018

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 Nov 28, 2018

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 Oct 27, 2017

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  Apr 26, 2017

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  Sep 17, 2016

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 Aug 30, 2016

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