yin888

yin888 Updated 

Price has bounced off ascending trendline (purple) and then broken past descending trendline (orange) cleanly. I would enter long at a pullback on H4 timeframe. Ideally, if possible, a long position will be best taken when price pullbacks to the intersection of orange and purple trendline.

yin888 Updated 

I'm still into Dollar strength (this doesn't mean I long Dollar). A double bottom looks like it's forming on DXY Daily chart. If EURUSD bounce off resistance of Pitchfork as well as ascending trendline on RSI 14, price could potentially head down quite a lot. 25th of January is a day to watch when ECB holds their press conference.

yin888 Updated 

Price has break through support at 112.05 very aggressively with a HUGE bearish momentum candle. The main reason for this was due to China voicing out that they are considering on slowing or halting purchase of U.S. Treasuries. This caused a sharp drop in the Greenback. Although I believe Dollar will still rise, Yen appears to be too strong for Dollar (currently)...

yin888 Updated 

BTCUSD is fast approaching a support area after breaking out from a squeezing triangle. A bounce from here would ensure further upside. However, a break below here would signify downside movement given that price is ALREADY trading below 100 and 200 MA on H1 timechart at time of writing. I will await for the current and next candle close on H4 before deciding on...

yin888 Updated 

Price has been decelerating and potential double top is forming as well. As long as price does not break resistance area, I would be looking to short on lower time frames. The break of the ascending trendline would guarantee more downside where blue rectangle support area would be the first target.

yin888 Updated 

Bullish Cypher pattern on H4 chart. TP area is usually between 0.382 Fib to 0.618 Fib of the CD leg where there is a possible test of the turquoise trendline. GBP and AUD news in this coming week could act as a catalyst for the move.

yin888 Updated 

A H&S pattern forming on the daily timeframe and it looks like it has broken the neckline of it. Potential short opportunity could come in when it retests the support-turned-resistance neckline. First target would be the recent low at around 91.09 Has also completed the minimum 3-wave structure for a correction wave. Expecting another impulse move to the downside soon.

yin888 Updated 

Price has been forming inside a "squeezing" triangle on the Daily chart for USDJPY. Once it breaks out either side, I'll be looking for potential longs or shorts from lower timeframes.

yin888 Updated 

Price has been slowly creeping up for the past few days. You can see that price rejected upside on long term trendline that goes back to 8 September 2017. Blue rectangle area is also a strong resistance zone (0.7864-0.7889). You can enter short with a stop above blue rectangle area with a good risk to reward of at least 1:3.

yin888 Updated 

With a seemingly stronger Dollar this week, Gold should head in the opposite direction and I have every reason to believe so. Price has been creeping up on H4 and bearish divergence can be seen on RSI 14. I would go short on break of trendline. (This is purely my opinion, not a trade call.)

yin888 Updated 

The Yen is looking strong at the start of this trading week (8/1/2018-12/1/2018). Price has now broken rising trendline. I would wait for a corrective structure before entering short and set a TP target at previous swing low @ 112.054

yin888 Updated 

After the previous impulse bearish move downwards, price has been forming a corrective structure. The corrective structure has (1) completed the minimum 3 waves structure for a corrective move and (2) tested the blue rectangle resistance area. Hence, we could expect another move down to the lower blue rectangle as marked. 2 possible scenarios: 1) Price breaks...

yin888 Updated 

Price has broken out of a rising wedge structure. Might head further down to blue rectangle support area.

yin888 Updated 

Price has bounced off resistance a few times. Will be looking to short it and TP at the next touch/bounce of RSI 14 trendline. Another TP option is at blue rectangle area (1.1767-1.1831)

yin888 Updated 

Price has bounced off resistance a few times. Will be looking to short it and TP at the next touch/bounce of RSI 14 trendline. Blue rectangular zone is a small support area.

yin888 Updated 

Expecting a retest of either turquoise or yellow trendline or both before resuming its upward trend

yin888 Updated 

Now that we have structure to work with, my bias is on the downside for BTCUSD. I shared a H1 chart on Twitter 4 days ago when price has yet to break out of the rising wedge pattern. After breaking out, we can see a re-test and bounce off of the trendline as well as the 200 MA. At that point, I would have entered a short trade because: 1) Unsuccessful attempt of...

yin888 Updated 

USDCAD has finally broken out of a 2+ months range successfully. Will look for short opportunities on H1 timeframe when it re-tests support-turned-resistance trendline. TP will be around next support area at 1.2452-1.2353 as highlighted in blue rectangle box. NFP on Friday could fuel this downside move or potentially even break past the support area.