ShinForex1

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...