ShinForex1

03:47

ShinForex1 Updated 

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ShinForex1 Updated 

Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of...

ShinForex1

I just broke down the anlysis on gold for those who don't like to watch video this is a quick recap. Gold market cycle 2020 --> Gold repeated the same move with curved formation, before a massive drop --> Gold was at its all-time high at 2020 similar to now --> Gold has reaccumulation phase in 2020 similar like what is happening with the third leg formation...

04:24

ShinForex1

So this are my 2020 analysis on gold hope you also watch them it will help you understand my perspective on the market!! 2020 chart analysis More pattern repeating

ShinForex1 Updated 

As are currently seeing price of ethereum dropping as bitcoin sucks liquidity from all altcoin and driving the bitcoin dominance higher as a result we have seen in previous cycle that once we see a breakdown of the ETH/BTC pair most altcoin will bleed heavily. so I expect on a probability view that price will retrace lower during the next few month before the...

ShinForex1 Updated 

As I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs Follow me for more...

ShinForex1 Updated 

The Key factor to watch is bitcoin dominance , we see ETH/BTC pair as broken down which give the flow of liquidity to bitcoin! hence all the altcoin will dry up in liquidity which will make the price of those token drop and we seeing a similar thing when you look at the meme coin king DOGECOIN BONK CHART Looks very similar to shiba inu, price which has...

ShinForex1

This was a wonderful trade setup on shorting bitcoin, this was the analysis few weeks ago! We might see a slight pull back from here, or we can see another meltdown cause of weakness !! keep an eye on that level! thank you and follow me for more analysis

03:35

ShinForex1 Updated 

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ShinForex1 Updated 

Based on H4 and H1 structure price action is till making an uptrend , maintaining structure of the counter trend and holding the support area of H1, risk is relatively low as price as tight stop loss of 30 pips NOTE; Key area to watch is the last week high cause of price reject the head and should partner but I think price could break it cause of liquidity grab...

ShinForex1 Updated 

Structure to the upside is still be maintained, the only thing I will cation everyone is to look at any fundamental news especially interest rate that will make the dollar stronger. despite that I see we should slowly continue to the upside before retracing below. Follow for more and crazy breakdonws

ShinForex1

Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis

ShinForex1

Weekly timeframe Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure H4 Timeframe Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...

ShinForex1

Based on structure we see price breaking down of the wedge and retesting the trendline as resistance, we failed to continue high so I expect price to drop and pushing also Altcoin market lower!! Follow me for more crypto Updates

ShinForex1

We are seeing in Daily timeframe price action is still in overall uptrend ==> Price in H4 and H1 is retesting the support area and also price is forming a double bottom ==> Price action is now retraced after breaking the neckline of the double bottom which give it a nice risk to reward setup for a continuation based on the range of the double bottom...

ShinForex1

We are seeing aggressive buying power as market structure is still maintaining to upside ==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone ==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a...

ShinForex1

Nice head and shoulder formation in H4 timeframe, ==> price has retraced to retest the previous resistance as support, ==> Also price is respecting the 38.2% fib level so we could see a massive move to upside ==> nice risk to reward setup

ShinForex1

Based on the trend, we seeing a transition to upward trend , basically key point to note is price action trend to be in slow waves when it respect the 61.8% fib level so we shall see another leg up to our target Follow me for more break down