yin888

yin888 Updated 

Price broke out of descending trendline and now re-testing it. Looking to go long. TP at around 1.5406 (trendline resistance) SL at around 1.5225 (previous swing low) Roughly a 1:1.5 RR

yin888 Updated 

Price re-tested and failed to break resistance zone numerous times. This may signal a bearish bias on AUDJPY Daily timeframe. There are a few support zones, let's see if price can break them.

yin888 Updated 

Buy opportunity on GBPJPY: Price is pulling back currently. 0.5 to 0.618 fibonacci retracement coupled with trendline support and horizontal resistance-turned-support area (marked by blue rectangle) is a good area to enter a long trade. (Both support areas marked by blue rectangles are drawn on the Daily timeframe)

yin888 Updated 

Price broke out cleanly of a bearish ascending wedge. Looking for more downside on this pair. Will enter on the pullback on lower timeframes

yin888 Updated 

Bearish ascending wedge seen on the Daily timeframe on this pair. Watch out for a daily close below the trendline, and then enter on the re-test. This pair offers huge pips, similar to the EURCHF analysis that I shared some time ago.

yin888 Updated 

From the previous idea, price has successfully went according to plan heading upside. Since then, price has pullback and re-tested the trendline (dark blue) of a 3-month uptrend channel. We can also see that that's the -38.2% of the previous impulse move. We can also see bearish divergence on RSI 14. From here, I am predicting price to head down to the first...

yin888 Updated 

Price has broken trendline and re-test multiple times. I'll be looking to short Gold with target at blue rectangular area. Will we see a bounce back up on RSI 14 or a move down? Only time will tell...

yin888 Updated 

Price seem to have formed a double top with rejections at a key area. Hence, I'm looking at shorting this pair in the coming week. As ECB conference nears, I'm predicting a strong bounce back from USD, a fall on Euro and weaker commodity currencies (AUD, NZD and CAD). Target for this pair is at 87.40

yin888 Updated 

On MAIN CHART: Price has rejected blue rectangle area multiple times signifying a strong resistance zone there. Similarly, it is respecting the 0.786-0.886 zone of the previous impulse move down. From here, I see a move down in the coming weeks as long as price does not break the mentioned zones above. On RSI 14: Whenever price touches the (yellow) ascending...

yin888 Updated 

USD has been constantly lagging behind most major pairs for a long time now. This is a counter-trend trade, hence if you decided to trade this, please be careful and risk only money which you can afford to lose. I'm seeing a bearish divergence on RSI 14 on GBPUSD H4. We might get a pullback to 50% then go higher, or price might break aggressively past 50% and...

yin888 Updated 

Price might be forming a solid double bottom. Crucial thing to watch is whether ECB is dovish or hawkish in the coming days because this could announce a STRONG Dollar comeback. Or also push the Greenback further lower.

yin888 Updated 

ETHUSD has broken out of purple trendline cleanly and we can see a rise in volume too. People are selling it. Yellow trendline is still holding. Price has bounced off Pitchfork resistance and is trading below 100MA and 200MA on H2. We may expect price to head lower to blue rectangular area possibly. (This is not a trade call)

yin888 Updated 

H1 chart: Price has broken out of the purple descending trendline cleanly. I expect a corrective structure before the next move up to around 1.72704 which is the 23.6% of the previous impulse move as well as the resistance of the blue rising trendline. From there, we might see rejection and price heading downwards. H4 chart: Price has broke out of 4 month rising...

yin888 Updated 

Potential downside on EURCAD with CAD news coming up in 20 minutes as a catalyst? A double top might be forming.. Let's see what CAD news present to us

yin888 Updated 

BTCUSD has just broken out of a triangle pattern aggressively to the downside. This is further shown with the increase in volume after a breakout occurs. We can now expect price to touch at least 10,000 maybe (a psychology level). (P.S. price can do whatever it wants, this is not a trade call)

yin888 Updated 

Price has been slowly crawling up for more than 5 months now and bearish divergence can be seen on RSI 14. 3rd touch of the trendline on RSI 14 could prove that it's time for price to head down. If it successfully breaks out of rising wedge, I would have my 1st TP at blue rectangle area. ECB press conference coming on 25th January could be a catalyst for downside in Euro.

yin888 Updated 

The greenback looks stronger this week, gaining back its losses previous week slowly. Blue rectangle area is a strong resistance zone as we've seen price bounced from this area a couple of times. If price successfully breaks above, my bias on USD would be bullish LONG TERM. As long as this daily candle closes with momentum to the upside, I believe the DXY is...

yin888 Updated 

Following up my analysis of this pair on the Daily timeframe, we can go into H4 to look for potential entry position(s). Price has broken towards the upside out of a falling wedge. I would look to go LONG on a pullback (ideally at the re-test of the trendline) with a Take Profit at the blue rectangle area.