ShinForex1

ShinForex1 Updated 

We clearly see a nice daily downward trend and price still respecting the lower high level which is also in confluence with EMA pointing downward, showing still continuation As we move down to lower timeframe like H4 and H1 we see price breaking structure to downside and current price is testing it as resistance also it respecting the 50% fib level we could...

ShinForex1 Updated 

So i broke down the analysis on this video below, this is a second entry , scaling in to capitalise on the overall trend Follow me for setup

ShinForex1 Updated 

Check my previous video breakdown, i will link is below so you can understand my thesis on my bias Leave a comment below if you love such breakdown

ShinForex1

Based on the previous breakdown seem like the support couldn't hold price action and it cause price to plummet down. check the previous breakdown Hopefully we can find another nice setup!! follow for more

ShinForex1

Based on yesterday analysis we have secured 500 pips on us30 nice trade this was the breakdown, follow to learn more leave a comment if you like my breakdown

ShinForex1

We see a shift of momentum on daily and H4 Timeframe for price to move high and now price is respecting the 50% fib level and retesting the neckline of double bottom, if you move down to H1 the neckline got broken and bullish volume is increasing, so we enter trade after close above the neckline follow me for more update

ShinForex1

We seeing a transition to upside price broke the neckline and now price has retraced to 78.6% fib level on h4 timeframe and we see respecting the support level In H1 timeframe we see massive rejection from the support level as volume builds up and testing the H4 support now so its a good entry for a buy to upside Follow me for more update

ShinForex1

Basically this was a wonderful trade cause it was easy to identify, i will break down as follows: So we had a nice continuation to downside until we saw huge bullish volume pushing price high cause of the positive CPI which indicate likelihood of interest rate high. So with the volume and break of neckline of the structure we see a nice indication of change of...

ShinForex1

We finally achieved our target profit, as we broke down last week Follow me for more update

ShinForex1

Based on the volume data and POC level we see huge spike of massive liquidation around 27k-25k at which the current price is slighting trading, we need to watch careful cause its in confluence with the weekly to h4 timeframe , Price is currently having a hard time to break the 25K and we see huge incoming spike in bearish volume, so we need to be careful and...

ShinForex1

Based on the H4 timeframe we seeing price action indicating a shift of momentum to downside as we break the H4 high low, currently the price has retraced to 50% fib level in both H4 and H1 This is also in confluence with other indicator like EMA cross over to downside and also supporting the previous support now got reject has resistance Nice risk to...

ShinForex1

As we look a price action we see price action is respecting the weekly and daily support level, as we break down on lower timeframe H4 show price forming double bottom and breaking the neckline in both H4 and H1 So we have a nice entry after the candlestick retest the neckline and showing momentum to upside, Nice risk to reward Follow me for more breakdown

ShinForex1

Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside. So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now...

01:54

ShinForex1

From the previous breakdown we price now respecting the fib and counter trendline and we could see this week a massive move to upside Follow me for breakdown like this

02:10

ShinForex1

Hopefully you guys enjoy the breakdown, if you have any question leave a comment below and i will respond follow me for more updates like this

ShinForex1

we finally achieved our target based on previous weeks analysis . we still can see continuation to upside I link below the previous breakdown, leave a comment if you like

ShinForex1

After an extended leg up we seeing a massive pull back and we see break of structure in lower timeframe like H4 and H1 as the dollar keep strengthening we shall see a pull back from gold Nice risk to reward Follow me for more update like this

ShinForex1

So from last week breakdown analysis we see now a nice confirmation of a double bottom and price is now respecting previous resistance now is support and we see a nice rejection Check below for the previous explanation Follow me for more update