FXShinobi

FXShinobi Updated 

Hey traders, here is a possible short setup for the USDCAD. If we can get a strong bearish candlestick on the H1, that will be the signal to go short. Simple Support/Resistance Trading combined with price action. Please wait for confirmation before entering. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter:...

FXShinobi

Hey traders, I was in a long gold position today, unfortunately price spiked down to my stop loss. I linked my previous analysis and trade idea. Now I'm waiting for Gold to come back down to 1495 at the minor S/R before entering long. Gold is still in an ascending triangle pattern and for that reason i am bullish. Price today was unable to close below the...

FXShinobi Updated 

Hey traders, this is my analysis on the AUDUSD on the H4 charts presently. I currently have one long position open on the AUDUSD, and may add a second one at the 1pm EST close. From the charts I have labeled the bullish pinbar, as well as the most recent bullish candlestick. These indicate that the bulls are in control until proven otherwise. On the MACD we...

FXShinobi

Hey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down. On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week. We have a pinbar for price action to confirm sellers coming in, with a follow up down move. The stop loss is set just above...

FXShinobi Updated 

Hey traders, as seen on the chart price has formed a very bearish pinbar on the daily. Price also rejected the top of the trend line I have drawn. Since this is a counter trend trade we are targeting conservative areas. Risk to reward of 1.5. Simple price action and technical analysis. Daily trade analysis and ideas: Telegram: t.me Facebook:...

FXShinobi

Hey traders, this is the update for the Sugar trade that I am still currently in. Looks like price has come back up to the green trend line before reversing. Looking left we see that price reached this exact area before, creating a potential double top pattern. If you did not enter before, now would be a great time with a risk to reward of 3. If price can...

FXShinobi Updated 

Hey traders, price has reached the the trendline for this upward impulse by the EURUSD the past couple of weeks. The long term trend of EURUSD is downwards, so this still represents a counter trend trade. The risk is very high, but thats why it's balanced through a 1:3 risk to reward ratio. The probability of this trade is definitely lower. A 25% winrate or...

FXShinobi

Hey traders, as the day comes to a close, I am looking at this setup for Gold on the H4 charts. I have drawn from what I see an ascending triangle pattern. Price has come down to test the ascending line, with 2 long wicks forming on the H4. This represents demand from buyers who are either taking profit or entering into long positions. The risk to reward of...

FXShinobi Updated 

Hey traders, here is my analysis of the USDCAD on the H1 charts currently. Price has been forming a falling wedge pattern for the past couple of weeks. It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume. Let's see if the bulls can take control here! Daily trade analysis and ideas: Telegram:...

FXShinobi

In my previous analysis I said that if price was able to close below the lower S/R seen in the picture I would go long. Price has closed strongly above and continued to move up. Price is continuously forming higher highs and higher lows. Risk to reward is still good at 2-3 if you were to enter now. Target is upper S/R level at 2.70~ Daily trade analysis...

FXShinobi Updated 

Hey everyone, if we can get a strong daily close on the AUDUSD then I will enter a long position. My weekly bias for the past 3-4 weeks has been bullish. Targets are the yellow trend line. Price formed a Doji last Friday, at support. Price has now continued the move up currently. I am waiting for the daily close to enter. Daily trade analysis and...

FXShinobi

Hey everyone, welcome back to this weeks analysis of Bitcoin. As seen on the chart, price has bounced off my green s/r level. Just when it seemed like the bears were in control, buyers were able to push the price back up. Per my analysis last week on the daily time frame I knew that my s/r level would have some sort of reaction to it. We also see a big volume...

FXShinobi

Hey traders hope everyone is having a great weekend. AUDUSD is currently experiencing a retrace on the weekly charts. Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line. This upcoming week we may see the retrace continue, but I am still bullish. Last week price moved down, but the Friday's daily candle...

FXShinobi Updated 

Hey guys looking at the gold charts today, I see this bearish pinbar off s/r that gold has been trading in for the past couple of days. Risk to reward of 1.5. I'm not aiming for the bottom of the rectangle pattern as it's best to secure profits before. Simple price action and technical analysis leads to simple profits. Daily trade analysis and...

FXShinobi Updated 

Hey traders, EURUSD closed today with a very strong bullish candle on the daily Sellers tried to push price down but were unable to close strong. On the H1 we can see a bullish flag pattern, which price has now started to break out of. A lot of news tomorrow so just be aware and mindful of that ruining this setup. Technical Analysis: Bullish Flag...

FXShinobi Updated 

This is an update to the trade I posted yesterday which I am currently up +15 pips. Price seems like its forming a descending triangle pattern, with a very bearish close on the H4 at 1pm Eastern. If you did not enter the trade yesterday, please look at the analysis today for a great entry. Wait for breakout and retest to enter! My initial weekly analysis...

FXShinobi Updated 

Price has tested the orange trendline before reversing quickly. With the higher time frames - weekly and daily being bearish, sellers are still in control. On the lower timeframe on the M5 there was a double top pattern a couple hours ago which I entered on. However it is still not too late to enter on this trade for a nice short. Risk to reward of 2.5. Not...

FXShinobi Updated 

Sugar came up to test the upper green trendline before price reversed. Price then retraced to the 61.8 Fib Level before moving back down. It looks like the bears are in control for now, and Sugar should continue to push lower as October comes to an end. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter:...