thomas893

thomas893 Jul 9, 2020

This pair has just broken the neckline of a head and shoulders formation and has also crossed an important level of support which has now turned resistance. It has also broke a trend line on the daily chart that has a been acting as a strong support for a long time. Very simple clean trade message me to join my telegram chat where i provide fully free analysis...

thomas893 Jul 8, 2020

Pretty much every idea/analysis I have seen on trading view for the week so far have predicted that this pair will fall at the first level highlighted on my chart (1.646) as it has previously tested this level twice and been rejected. I think 90% independent traders who trade this pair will already have a sell limit in place which when it hits will create a very...

thomas893 Jul 8, 2020

The pair has broken the trend line. Wait for a double top to form in confluence with it touching the trend line which will act as a resistance. This trade will have a great risk/reward if the conditions are met but it might take a few days before the conditions are met. As always be reactive

thomas893 Jul 8, 2020

Looks like it could be forming a clear double bottom showing the reversal of this pair. If it breaks expect it to rise to the 1.829 point to complete the pattern. It has so overcome resistance first so be reactive when trading this. Hoping it will break in the London session today

thomas893 Jul 8, 2020

Gold is still reaching higher highs and higher lows showing the trend is still in tact on all time frames but I think the rising wedge that is forming will start a heavy drop in price when it breaks the support. I also think the phycological resistance at 1800 will help bring the currency pair down

thomas893 Jun 26, 2020

AUD/JPY is forming a defending triangle on the 4H looking to break down It has touched the downwards trend line 3 times and is now looking to break the strong support level and start a strong bearish trend The pair has already broke the upwards trend line and retested it before moving down The pair already has confirmation the uptrend is over and the bears are...

thomas893 Jun 9, 2020

EUR/GBP is currently sitting on the neckline of a potential head and shoulders pattern but I think it will go the other way and bounce off the neckline to reach higher highs and higher lows. Very high risk/reward trade potential especially with fundamental news coming from the EU looking very positive and surely the British Pounds time has come especially with a ...

thomas893 Jun 4, 2020

I believe GBP is in very overbought territory and is due to fall fast soon. This chart is the 0.618 fib level and also a key resistance level. If it breaks i think at will only be a false break out before crashing down. Wait to see how it reacts to this level before entering a short but i think the risk to reward makes it a good trade. please give feedback and comments

thomas893 Jun 2, 2020

gold is looking very bullish today. It has formed a wedge on the smaller time frames which is has touched to resistance a few times now, I believe the next time it touches it will rocket through it and rise up to 1763 before finding a solid resistance again. High R/R trade and I believe it could be achieved before the end of the week. Any comments/ideas very welcome

thomas893 Jun 2, 2020

Eurusd is at a key level. It seems to me that is it building positions to break through and rocket upwards however it might grab some liquidity at the previous key level before taking off, waiting for break about to open a long or retrace to previous level to open a long

thomas893 Jun 2, 2020

Broke horizontal resistance hard. I think it will keep going until the next support, retrace back to horizontal resistance turned support and rise again.

thomas893 Jun 1, 2020

The cable formed a nice double top around 1 month ago resuming the downwards trend. Since mid May it has been trading in this upwards channel but it is now reaching the 0.618 fib level and a key support/resistance which could see it form a nice bearish flag pattern. I know that most traders are long on GBP at current so this is a controversial idea. Hopefully with...

thomas893 Jun 1, 2020

The GBP/USD pair formed a nice double top around 1 month ago starting a down trend. If the bearish flat pattern meets all criteria for a sell it would also sit nicely with the 0.618 fib level from the top of the double top and a key support resistance level at around 1.2415. This week has got a lot of USD fundamental news finishing the week with NFP's so hopewell...