Trader_Shayan

Trader_Shayan Updated 

Welcome to this analysis on Euro against British Pound. It looks like Euro is one of the weakest pairs of the FOREX market this week. As you can see on the 12 hr chart, Euro has been in a down trend against GBP since 18th of March. Back in March it formed a descending triangle top which got confirmed by a break below 0.908 at 26th of March and it down trended...

Trader_Shayan Updated 

USD has been one of the weakest pairs of the Forex market recently, however, JPY has been even weaker and underperformed USD. USDJPY has been trading under 108 since April. The level has acted as resistant multiple times. It looks like the price has made a massive inverse head and shoulders that just got completed by a break above the horizontal neckline at...

Trader_Shayan Updated 

Contrary to most of the trader's opinion, symmetrical triangles are not always continuation patterns, they can also act as market tops. EUR ZAR completed a symmetrical triangle top pattern last week, since then it has broken down from it and now it's back to the previous support zone that should now act as resistant. This setup provides a 3 to 1 R trade to take.

Trader_Shayan Updated 

USD has been one of the weakest forex pairs since March. Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week. The previous support zone of the pattern should now act as resistant and a...

Trader_Shayan Updated 

We had a very good trade on HKG33 last month, and now it's giving us another opportunity for a good risk to reward trade. After hitting our previous target (22600) it made a double bottom pattern and broke back above the previous resistance (23500 ish) and it seems like its holding above it and regained it as support. this setup provides a 4R trade to take.

Trader_Shayan Updated 

SGDJPY has been trading in a trading range between 74.5 and 76 since mid-April. It looks like it has created a massive inverse head and shoulders inside the range that completed last Friday. The target of the head and shoulder is around 78 but there are few resistant zones along the way that might pause or stop the price from reaching the price target. Those...

Trader_Shayan Updated 

On the higher time frames, it looks like BTC is trying to make a triangle formation, you can see it both as a symmetrical triangle or an ascending triangle with a horizontal resistance around 10k. symmetrical triangles are a pattern of indecision, they have 50 50% chance to break to either side. so its always better to wait for the break out first before...

Trader_Shayan Updated 

USD has been in a bear trend against ruble since March, it formed a topping pattern as a descending triangle and started a bear trend. since then it made another defending triangle as a bearish continuation pattern and broke down from it the target of that large triangle is around 68$. its currently completing another small descending triangle with a target around...

Trader_Shayan Updated 

a very good ascending triangle. the crypto market is hot today. a break above 217 can send eth to 250-255 zone.

Trader_Shayan Updated 

Silver has been in an uptrend since mid-March after a capitulation move. Since then it has been making continuation patterns over and over and moved up very strong and outperformed most of the metals. Currently, it appears that it's completing another continuation pattern as a symmetrical triangle. Momentum indicators on mid time frames look good for continuation...

Trader_Shayan Updated 

just posting this for my own journaling lol, forgot to post it on TW when I took this trade.

Trader_Shayan Updated 

EUR/USD has broken out of the range that is used to trade in it since March. It looks like its finding acceptance above the previous resistance zone (1.09 ish). which provides us a good risk to reward trade setup. a pullback to the support level can be a good long trade to the next resistant zone around (1.1 ish) you can manage your risk an average true range...

Trader_Shayan Updated 

HKG33 has been trading in a massive range between 24500 and 23500 since April, last week it failed to hold the lower range as support and broke the range to the downside with massive volume. now it's back to the previous support zone which should act as resistant now. also atm its showing weakness at the resistance. it provides a good risk to reward and easy to...

Trader_Shayan Updated 

the current structure looks like a falling wedge inside a trading range between 8400-10k ish. personally I'm not a big fan of wedges unless they have very tight price action with bullish divergence on volume and momentum indicators, I also like to see falling volume inside a wedge. The current falling wedge on BTC fits those criteria, hence it might provide a good...

Trader_Shayan Updated 

AUD has been in an uptrend since March and looks strong against most of the forex pairs. It has been consolidating as a symmetrical triangle (which are a 50,50 pattern in my experience) broke up from it and created a base on the base pattern as a rectangle range above the triangle and is about to break out of the rectangle, which is a good sign of strength and...

Trader_Shayan Updated 

Hey guys, How you doing?! :P Both ETH and BTC are up-trending it makes alt coins lose their value against BTC and ETH severely. Be aggressive with profit taking trading alt coins, till BTC and ETH start to consolidate. (It makes take your profits out of the trade as soon as possible and have tight stop losses!!) Gl trading!

Trader_Shayan Updated 

Fractals are a natural pattern, not manipulation or any other thing. I believe in fractals. However, it's a theory now and I have to look at it closer. ;)

Trader_Shayan Updated 

Hello friends, welcome to this update on RDN, As you can see it has curved after its correction and created and created a pattern known as ascending triangle which is a bullish sine and in this case a rocket launcher. Looking closer into the triangle it's forming a vertical cup and handles ( same parabolic ups that I was talking about in my last posts lol) which...