FXShinobi

FXShinobi

Hey traders, Just a simple pinbar spot on the H1 with the blue trendline acting as support. Simple price action and analysis. Cheers.

FXShinobi Updated 

Hey traders, On the H1 charts if EURUSD can break the red trendline, i see price pushing up to the long term green trendline. With FOMC today there will be a lot of volatility with my bias being towards the bull side for EURUSD.

FXShinobi

Hey traders, FOMC was released keeping interest rates the same. No major price movements were noted. With a strong 15min closure post FOMC I see price continuing to go down to the red trendline. This is a simple momentum trade where we ride with the bears.

FXShinobi

Hey traders, On AUDUSD on the daily chart we can see that price has started to move back down after testing the mini blue trendline. The overall bigger green trendline is intact, and right now it looks like bears are in control. Bears will be looking to continue to push price down. But if buyers can push past the blue trend line we may see another retest of...

FXShinobi

Hey traders, Just a simple pinbar spot on the H1 for EURUSD at S/R. Bears are beginning to push price down let's see if EURUSD can fall further.

FXShinobi

Hey traders, On the H4 charts we see that USDCHF has broke to the downside of the trendline and is now consolidating. If price can break the shaded area creating a new low, then I will have a short bias. Simple price action and technical analysis. Be cautious of FOMC interest rate decision on Wednesday though!

FXShinobi

Hey traders, Per my analysis yesterday I stated that if EURUSD could break the orange shaded area I would be short. I see a continuation of the move downwards for EURUSD in line with the overall trend. After a strong NFP, it looks like the US economy is still chugging along. Simple price action and analysis.

FXShinobi

Hey traders, This trade today will be an intraday trade. After a very strong NFP release and weak canadian employment data, USDCAD has surged up. It is now retested the trend line and printed a bearish candle. I have a bearish bias currently.

FXShinobi

Hey traders, Here is my analysis on the EURUSD, we had a bearish doji close two days ago. Price has now retraced back up. If price can push back down past the orange shaded area of S/R then I will have a short bias. We have the overall long term trend on our side as well. Simple price action and analysis, manage your risk, have a 1.5+ risk to return ratio and...

FXShinobi

Hey traders, Today's daily candle for USDCAD closed bearish which was a continuation off of yesterday's huge bearish candle. If price makes a bullish candle at the S/R area i have labeled or at the blue trendline it may represent an opportunity for us to get long. Otherwise I am still short until then! Simple price action and technical analysis.

FXShinobi

Hey traders, Yesterday I posted analysis on the USDCAD saying that I would be short once the triangle pattern was broken. News today regarding the Bank of Canada interest rate decision has pushed price down. I am targeting a S/R area which also represents a potential right shoulder of an Inverse Head and Shoulders Pattern. Let's see how this trade plays...

FXShinobi Updated 

Hey traders, As seen on the chart USDCAD is consolidating in a triangle pattern. It attempted to break out to the upside before coming back into the current pattern. Does this mean bulls failed, possibly. If there is a breakout to the downside I see a good trade opportunity. However I am already currently short from the daily charts so let's see what happens.

FXShinobi

Hey traders, Here is my analysis on USDJPY on the H1 charts. As seen on the chart price is at the critical inflection point of the red trendline. If we can get a strong price action confirmation signal then I will enter long. If no confirmation no trade.

FXShinobi

Hey traders, Here is my analysis of the USDCAD on the daily timeframe. Previously I said that price was currently consolidating on the USDCAD. Last Friday we had a strong close for the bears in the form of a pinbar. This is a clear and simple signal which indicates that price is looking to move downward. Simple price action and analysis.

FXShinobi

Hey traders, Here on USDCAD we can see price is consolidating at this point. Price has rejected the orange trend line multiple times. Buyers have struggled to push price above as seen by the 4 wicks representing sellers taking control. However sellers have not been able to push price further down. With low liquidity the rest of the week due to American...

FXShinobi

Hey traders, Here is my analysis on the USDCAD on the H1 timeframe. If price can break through the blue trendline I have drawn. I see price going further up.

FXShinobi

Hey traders, On the H1 charts for Gold I see a Head and Shoulders pattern that has formed. If price can break the neckline I see price going down until about 1435 or until we see signs of reversal. Simple technical analysis and price action. Risk management is king.

FXShinobi

Hey traders, Bears are in full control right now of Bitcoin. Until we see signs of reversal, I am bearish on bitcoin for now. Don't try to catch a falling knife. Ride the momentum and go short or stay out of the markets. Previous analysis: