FXShinobi

FXShinobi

Hey traders, Right now i am flat on GBPUSD. But on the H1 charts if price reaches the upper green trend line at the orange shaded area. I will wait a price action confirmation signal before entering short! Simple price action and technical analysis.

FXShinobi

Hey traders, As seen on the H1 charts for USDJPY. Price broke through the green trend line in this rising wedge pattern. Price is now retesting. Wait for confirmation and then enter. Simple price action and technical analysis beats all.

FXShinobi

Hey traders, As seen on the daily charts today closed with a very bearish pinbar. The candlestick before also had a wick the same length. Bears are coming in and we may be due for a minor retrace to the downside before uptrend continues. Simple price action and analysis. Risk to reward of 2.

FXShinobi

Hey traders, Yesterday I posted a trade idea for Gold, but we did not get a confirmation signal. WE GOT CONFIRMATION! We got a bullish pinbar on the H4 off the blue trend line. Price is still in the ascending triangle pattern. Risk to reward is 2. Targets are 1504, then S/R at 1515. Daily trade analysis and ideas: Telegram: t.me Facebook:...

FXShinobi

Hey traders, As seen on the H1 charts we see that price has reached the upper green line that I have drawn. Price looks to be in this channel / flag pattern. Price immediately reversed and formed a bearish double bar. THe risk to reward on this trade is 1.65. We caught a nice 3.4 risk to reward trade yesterday night on the USDCAD. Let's see if we can catch...

FXShinobi Updated 

Hey traders, Gold has reached an inflection point, as seen by the blue trend line drawn. Gold previously was stuck in the green consolidation triangle before breaking hard to the down side. I am waiting for a confirmation signal in the form of a bullish candlestick, or strong bullish close to go long. Price is still in the ascending triangle...

FXShinobi Updated 

Hey traders, As shown on the H1 chart we can see price has reached the top of my orange trend line. With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar. I am now short. Risk tor reward on this trade is 3.4. Target is the lower red line. Simple price action and technical analysis leads to simple profits. Daily...

FXShinobi

Hey traders, This is a broad overview of Natural Gas on the weekly time frame. As we can see on the chart price has formed a new higher high confirming this minor uptrend. Price reached the target area that I was looking at in my last analysis. With fundamental analysis, a colder than projected winter, this should lead to an increase in natural gas...

FXShinobi

Hey traders, Looks like Gold is currently consolidating in a symmetrical triangle pattern. Since I am bullish on the higher time frames, I am waiting for a breakout to the upside. If price does break out to the upside there is some strong S/R in play around the 1515 area. If price breaks down to the down side I would see no buying pressure until the blue...

FXShinobi

Hey traders, This a potential setup forming on the USDJPY H1 Charts. i have my red trend line drawn which was previously broken. Looks like price is now coming back up to retest it. Price action wise - we currently have a pinbar, but we must wait for the hour to close before deciding. If price can maintain the pinbar or form a strong bearish close, then that...

FXShinobi

Hey traders, THis is my analysis on the USDCAD for the H1. We can see a double top formation on the H1 charts. Price has broken through the neckline and retested. The neckline is also a S/R if we look at the left of the chart. RIsk to Reward: 2 MACD also has bearish signs on the H4 with a cross. An engulfing candle of the 2 previous bars shows bears coming...

FXShinobi

Hey traders, Here is my analysis for the EURUSD on the previous week and possible scenarios for the upcoming week. Last week was a busy week with the FOMC interest rate decision as well as NFP on Friday providing liquidity and volatility to the markets. From a very fundamental S/R perspective I have labeled 4 areas of concern on the charts. As you can see...

FXShinobi

Hey traders, Hope everyone is having a great weekend so far. This week AUDUSD was able to make a strong move up in price. AUDUSD bounced strongly from the minor S/R labeled on my chart with news aiding the push up. Now price has reached an inflection point. The blue trendline. AUDUSD formed a bearish pinbar off the trendline, signalling that sellers are...

FXShinobi

Hey traders, From my analysis of the Daily charts I see that price has broke through to the downside of the orange trend line. Price also formed a bearish pinbar signaling a rejection of the 2nd retest of this same line. Using a simple 50 day moving average, we see that price is trying to break below this. Daily trade analysis and ideas: Telegram:...

FXShinobi

Hey traders, After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias . We now have price action at the same trend line in the form of a bearish pinbar. Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time. The MACD on the H4 is also about to have a...

FXShinobi Updated 

Hey traders, As you can see today, USDJPY closed with a big bearish pinbar. Price has reacted to this level 4 times in recent times, with price rejecting this level every time. Technical analysis wise this looks like a potential double top chart formation. On the MACD we also have bearish cross about to occur. Simple price action, technical analysis and S/R...

FXShinobi

Hey traders, This is my analysis for Corn currently on the H1 charts. We can see that corn was trading in this descending triangle pattern. Price broke out then retested before holding strong. MACD Bearish momentum also seems to be decreasing Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram:...

FXShinobi

Hey traders, Bitcoin has retested the descending triangle pattern it formed the last couple of months. Bulls failed to push the price higher, and now price is consolidating. I have labeled an area of S/R where if bears can push price past this level, wait for the retrace to go short. In my previous analysis Bulls made a strong move off of S/R. However Bears...