tradethrills

tradethrills

Hi all, AUDUSD has broke out of its support and has been rallying for the past few hours before it hit a retracement. Now may be a good time to enter if you missed the previous breakout, seeing how a bullish engulfing candle has formed and this may help push the price up until both the London and NY Session Thank you for reading and happy...

tradethrills

As you can see, there is a possibility of a head and shoulder price action pattern forming on the 1H XAUUSD. With price being bullish most of the week, XAUUSD has a lot of downside to play and thus I would enter into a position once price has broken the current support. I'd keep a look out on this pair and trade carefully on a smaller timeframe. Thank you for...

tradethrills

A bearish channel is being established on the 4H AUDUSD Chart. Given how price is near its all-time high as of 2020, it indicates that price may be overbought and is likely to head towards the downside. The bearish channel confirms this prediction and thus price is likely to breakout of the channel and head towards the downside before attempting to retest the...

tradethrills

A strong bullish channel has been established on the 4H GBPUSD Chart. Price is likely to follow the channel until it reaches the previously formed support and bounce back towards the upside before breaking out of the channel. If price does break out of the channel, it will most likely have a retest back at the channel before moving towards higher highs. I would...

tradethrills

On last week's analysis, we noted that a head and shoulders pattern has formed on the EURJPY Chart, which would ultimately push the price to the downside. Price did do exactly what our analysis predicted and pushed for lower lows. However, it bounced back on the 200EMA and is now retesting the new resistance formed by the head and shoulders pattern. A bearish...

tradethrills

In last week's analysis, we noted that a bullish triangle has formed on the EURGBP 4H Chart. Price has indeed followed our prediction of retesting the new found support and bouncing back to the uptrend. Price is likely to continue moving in an uptrend for the whole of next week until it meets the resistance marked by the yellow rectangle. Thank you for reading...

tradethrills

A bullish flag has formed on the 4H AUDUSD Chart. Price is likely to break through this flag pattern and continue on its uptrend. I'd keep an eye out on this chart and enter once I get confirmation of a bullish trend when price has broke the flag pattern. Thank you for reading and happy trading! Disclaimer: I am not a professional trader, financial/investment...

tradethrills

A bearish triangle has formed on the 4H AUDJPY. Price is likely to breakout of the support and retest it before heading for lower lows. I'd keep an eye out and wait for price to finish its retest before entering a short position on a smaller timeframe. Take note of the potential support that price will meet if it follows the pattern stated above. Thank you for...

tradethrills

Price has broke through the bullish triangle that formed on the 4H EURGBP Chart. Price is likely to retest the new support before bouncing back up to the uptrend and meeting the previously found resistance. I'd keep a look out for when price is retesting the support and take a long position on confirmation of an uptrend. Thank you for reading and happy...

tradethrills

From last week's analysis, we noted that a bullish scallop was forming on the 4H EURUSD Chart. Throughout this week, price seemed to have broke the pattern and formed a bullish channel, signalling a potential Cup & Handle pattern forming instead. I'll keep an eye out and wait for price to break through the channel before entering a long position in a smaller...

tradethrills

Similar to the GBPJPY analysis, a head and shoulders pattern has formed on the 4H EURJPY Chart. In the upcoming weeks, price is likely to go bearish according to the "Top Head and Shoulders" Pattern we see here. I would wait for a confirmation of bearish trend such as price breaking below the 200MA before going short on a lower timeframe. Thank you for reading...

tradethrills

An obvious head and shoulders pattern has formed and did a retest on the new formed resistance last week. In the upcoming weeks, price is likely to go bearish according to the "Top Head and Shoulders" Pattern we see here. I would wait for a confirmation of bearish trend such as price breaking below the 200MA before going short on a lower timeframe. Thank you...

tradethrills

From last week's analysis, we noted that price has broke the bearish triangle and would retest the resistance before going for lower lows. Price did do exactly what we predicted and is now looking to head for a downtrend till it hits the support level at the yellow rectangle. I would go short on a smaller timeframe till it hits the next support level. Thank you...

tradethrills

From last week's analysis, we noted that there is a bullish scallop forming on the 4HR EURUSD Chart. It seems like even after a week, EURUSD is still following this structure and may push for higher highs until it hits the resistance near the swing high at the yellow rectangle. I would look for more bullish entries on a lower timeframe until it hits near the...

tradethrills

A key resistance level has been hit by the AUDJPY. This resistance level was set a year ago as seen from the chart. I would definitely keep an eye out on this pair to see whether price would break out and push further up to the next key resistance or whether it would get horribly rejected and into a downtrend. Thank you for reading and happy...

tradethrills

Price has broke the first key resistance level and has shaped into a potential Cup & Handle on the 4H Chart. I will keep an eye to see whether price will actually consolidate before breaking out of the potential channel that will form. Once price has broken that channel, I will go long on this pair until price is near the next key resistance level. Thank you...

tradethrills

Similar to my analysis of the EURUSD Chart, a potential Bullish Scallop is forming on the 4H USDJPY Chart. Price is likely to go bullish till it hits the key resistance level and may turn into a Bullish Cup & Handle as well. I would go long on this trade and keep an eye out for when price is nearing the strong resistance level, Thank you for reading and happy...

tradethrills

There is an obvious bullish scallop forming on the EURUSD Chart. Price is likely to continue on an uptrend until it hits the key resistance level shown by the yellow rectangle. I would go long on this trade and keep an eye out for when price is nearing the resistance level. There is a possibility of a small retracement and consolidation that may happen when...