yin888

yin888 Updated 

Price is at channel top, a short here @ 84.45 with stoploss @ 84.70, and targets of 83.80 and 83.20 is a very good risk to reward trade. Furthermore, price is also at strong horizontal resistance level where we can see rejection a couple of times before.

yin888 Updated 

Oil broke ascending trendline. 65.50-65.80 was a good entry point. Possible targets as shown.

yin888 Updated 

Price is at support area, a fantastic risk to reward ratio for a long here

yin888

A very nice example of how well parallel channels work. Price broke above of short term downtrend channel and retested it on Thursday and Friday and successfully bounced off it. 1.08 was a strong level not just as trendline support but also as horizontal support and 38.2 fib level as seen. Do also be aware that we could see some resistance and indecision in the...

yin888 Updated 

EURUSD, like GBPUSD, bounced off from support area too after a sharp and sudden drop. We have a bullish engulfing candle on the Daily chart on Wednesday 30 May 2018. We might see more upside this coming week with 1.1855 (coincides with 38.2 fib level) a possibility. What we need here is a break of descending trendline to confirm more upside move short term.

yin888 Updated 

GBPUSD looks to have bounce off support area at 1.3200-1.3220. I'll be watching this pair and look to go long on lower timeframe should there be an opportunity.

yin888 Updated 

Similar to CADJPY, CADCHF offers a good RR ratio for a short trade at 0.78 when it did a deep retest of broken trendline

yin888 Updated 

Broken trendline and support, price has retested it too.

yin888 Updated 

Price is currently at 61.8 fib level, we should see some bounce back up and continue to look to sell more on any resistance at lower timeframes. GBPJPY could even drop below 140 in weeks/months to come.

yin888 Updated 

DXY is still hovering around resistance area here however the previous day candle was a strongly bullish one. My bias is still the same, I'll continue to buy USD on dips especially given how bullish DXY is looking. Although RSI is showing overbought levels, it could stay there for as long as this bullish run continues. A pullback to 94 area would be the first good...

yin888 Updated 

No clear direction for USDJPY yet as of now I would say. A key momentum candle here would be needed to give us a clearer direction of where price is headed. Rejected 200 EMA and bounced off trendline 3 times as seen. This provided a good reason for buyers to come in at 109-109.20 level, and since then price has went up to as high as 109.75 which then got rejected...

yin888 Updated 

Almost a 200 pip opportunity if you had entered on the retest of broken neckline.

yin888 Updated 

Price broke below trendline and have retested it on H1. A very good short opportunity. Price is below MAs too.

yin888 Updated 

Trade the true breakout... Everyone loves a cheap price to buy Gold at but do not FOMO on the long/short train on Gold

yin888 Updated 

A good RR ratio trade for a short here

yin888 Updated 

Price is at 61.8 fib level as well as horizontal resistance. We might see a bounce here and re-test the broken structure of 91.80 before heading for 94.10 where it coincides with 38.2 fib level from the move down from 3rd January 2017 to 16 February 2018

yin888 Updated 

Similar to GBPJPY, looking for an upside target of around 1.3750 for GBPUSD with Average Earnings on Tuesday as a catalyst of this move upwards.

yin888 Updated 

Similar to EURUSD, double bottom. Neckline broken and retested. Target @ 1296.