ShinForex1

ShinForex1

So as i said last week we we tapped the weekly resistance plus price have rejected the weekly 61.8 % retracement level . Yesterday when the market open we saw a gap and price open bearish and tested the previous last week low 3 times and we see price highly rejectded giving us more confirmation for short. Also we see break of structure in the H1 which confirms the...

ShinForex1

Top Down Analysis WEEKLY TIMEFRAME So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up. DAILY TIMEFRAME So based on our weekly, we see...

ShinForex1

WEEKLY TIMEFRAME EUR/USD !! It have a downward channel at which we see price action respecting, and when you change from candlestick to line graph we see price currently on the "weekly resistance" which gives it more confirmation for a downward continuation, Also positive NFP data that gives the dollar strength.SO we have a complete retest of the previous lower...

ShinForex1

WEEKLY TIMEFRAME AUD/CHF has been in a downward trend for a while and currently we see price consolidation within a range between HIGH =0.68400 and LOW=0.66900 and respecting the 61.,8% fib level of the previous lower high. Also we see a clear support in the weekly timeframe which gives us a possible bounce to test the resistance level around =0.68400 which is...

ShinForex1

In general we have a wonderful downward trend and we saw break of structure in lower timeframe which confirms shift of momentum to downside, currently price is retesting the lower high created after break of structure and potential supply zone. we should way for price rejection and enter short target 1=73.300 target 2=72.000

ShinForex1

Top Down Analysis WEEKLY TIMEFRAME EUR/USD !! It have a downward channel at which we see price action respecting, and when you change from candlestick to line graph we see price currently on the "weekly resistance" plus it respect the 61.8% fib retracement level of the weekly. which gives it more confirmation for a downward continuation, Also positive NFP data...

ShinForex1

So as i said last week we we tapped the weekly resistance plus price have rejected the weekly 61.8 % retracement level . Yesterday when the market open we saw a gap and price open bearish and tested the previous last week low 3 times and we see price highly rejectded giving us more confirmation for short. Also we see break of structure in the H1 which confirms the...

ShinForex1

WEEKLY TIMEFRAME So from the weekly timeframe we see a price is in a downward trend with respective "LOWER HIGHS'' AND ''LOWER LOWS'' when you pull the fib tool you currently see price perfectly at the 61.8% retracement level,which is the golden retracement level. Also the other thing we notice is break of structure at around 0.64400 on weekly timeframe showing...

ShinForex1

Thanks for your feedback! Much appreciation GBP/JPY was a wonderful trade. we smashed target 1 and target 2. unfortunately GBP PMI(PURCHASE MANAGER INDEX) measures the activity level of purchasing managers in the services sector. Came out positive making the sentiment more bullish on gbp. thats why i recommend moving your stop loss in profit and using risk...

ShinForex1

Thanks for your feedback! Much appreciation Can we all agree That USD/CAD was a good MONSTER trade!! target 1 was smashed target 2 STILL RUNNING, MOVE YOUR STOP LOSS IN PROFIT AND BANK 70% OF THE PROFIT Hope you guys banked your profit!! and i will post an update about any potential SETUP later FOLLOW ME FOR ANY UPDATES . IF YOU HAVE ANY QUESTION COMMENT BELOW...

ShinForex1

Thanks for your feedback! Much appreciation Can we all agree That USD/JPY was a good trade!! target 1 was smaSHED target 2 .- move your stop loss in profit and ride the trend to our next target (CATION we have NFP TOMORROW) 109.500 Hope you guys banked your profit!! and i will post an update about any potential SETUP FOLLOW ME TO GET MORE UPDATES THANK YOU

ShinForex1

TOP DOWN ANALYSIS WEEKLY TIMEFRAME It has been an exciting time! we have see quite descending channel showing downtrend for EUR/JPY.But recently we see break of structure in the weekly.showing momentum shifting to the upside and we shall see a good rally to around 123.000 which is our weekly extension level(taarget) we also see a minor downward counter...

ShinForex1

TOP DOWN ANALYSIS WEEKLY TIMEFRAME So from the weekly timeframe we see a consolidation in term of a compression and price respecting 3 times at 104.800. which mean we have seen price respecting the high lows 3 times but creating "lower high highs" that why i call it a compression just like a pump waiting for the shoot out of price and the direction of the...

ShinForex1

Thanks for your feedback! Much appreciation Can we all agree That XAU/USD was a good trade!! target 1 was smashed target 2 missed by few pips . Hope you guys banked your profit!! and i will post an update about any potential Gold setup currently we want it to move to 1490 for a potential short

ShinForex1 Updated 

Top Down Analysis WEEKLY TIMEFRAME So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up. DAILY TIMEFRAME So based on our weekly, we...

ShinForex1

TOP DOWN ANALYSIS WEEKLY TIMEFRAME It has been an exciting time! we have see quite a rally to the upside, creating "higher highs" and "high lows" .But recently we have seen price creating a high low perfectly on the golden fib level 61.8% but lacked momentum to push it more high to the required target level 1.4000. so price drop 3 times to retest the demand level...

ShinForex1

Top down analysis WEEKLY TIMEFRAME So from the weekly timeframe we see quite a downward trend , price action forming lower highs, and lower lows. price action is perfectly consolidating around the 61.8% .There is a possibility for price to retrace all the way 148.800 for a complete retest of the weekly. DAILY TIMEFRAME we can see a potential change in trend in...