tradethrills

tradethrills

From last week's analysis, we noted that a Bearish Triangle was going to form on the 4H chart. Price has followed the analysis and got rejected at a key support level (yellow rectangle). Price is likely to bounce back and get rejected at the new-formed resistance under the Triangle before going bearish and re-testing the key support level once again. I'll keep...

tradethrills

A strong bearish channel has formed on the AUDUSD 4H Chart. This brings up an opportunity of a potential bullish harmonic pattern forming as seen in the chart. Price is likely to go bearish until it hits the "Point D" area before going bullish once again, all following in the bearish channel trend. Take note that price may also ignore this pattern and simply...

tradethrills

A bearish wedge has formed after seeing a Double Top formation previously. Price may continue bouncing off these channels and eventually breaking downwards. The bearish trend will likely be followed by a retest on the trendline turned resistance before going bearish once again. A key support level has been found and I'll probably take a trade on a smaller...

tradethrills

A beautiful bullish channel has formed on the EURJPY 4H Chart and price even broke out of it this week. Price is likely to continue on this bullish trend and get rejected at either one of the key resistance levels. I'll probably go long on a shorter timeframe while being careful during the time that price is hitting the key resistance level. Thank you for...

tradethrills

From last week's analysis, we saw that a bullish scallop was forming on the EURGBP 4H Chart. This week, the price did follow this trend and it seems like it is still going to follow the bullish scallop before it hits the key resistance level and gets rejected. Will probably go bullish on a smaller timeframe for this pair. Thank you for reading and happy...

tradethrills

An obvious bearish triangle is forming on the EURAUD 4H Chart. Price is likely to move within the triangle and attempt to break out of it in a downtrend before being rejected by the first key support. Price may then bounce back up and hit the triangle's resistance before going bearish once again. I'll probably take a short position in a smaller timeframe when I...

tradethrills

Price had a Double Top Pattern and broke the first resistance. But in its attempt to break the resistance-turned-support line, it failed and got rejected. Using the Fib Extension, it is likely that price will continue on its downtrend until the golden Fib Extension Levels before it hits support and reverses. I'll probably take a short position in a smaller...

tradethrills

#EURGBP Analysis We have a beautiful scallop structure forming on the 4-hour chart. Both the 200EMA and the Ichimoku support the analysis of a strong bullish trend forming. Price is expected to continue riding on this uptrend till somewhere near the next resistance at the rectangle I've drawn. Thank you for reading! Do check out our Instagram for more trading...