• Rayn Lim
    � My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup.

    � There are two possible scenarios to consider:
    1️⃣ Waiting for a retest back to the trendline for a...  more
  • Rayn Lim
    [Breakout towards the upside]

    An ascending triangle breakout is excellent for breakout traders and trend traders looking for buying opportunity at 1.0959 for a buying opportunity.

    Alternatively, the trendline work just fine.

    Live chart:
    ...  more
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  • Rayn Lim
    If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle .

    You would also notice how the candle respects the trendline, bounce off of it and refused to...  more
  • Rayn Lim
    EURUSD on the 4-hourly chart has an Ascending Triangle . On the 1-hourly chart, there is a double top and you can wait for the market to retrace back to 1.1451 for a shorting opportunity.

    The first target will be at its immediate low at 1.1402 and the...  more
  • Rayn Lim
    A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been?

    EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley...  more
  • Rayn Lim
    Although there is an Ascending Triangle formation on the 1-hourly chart, I'm waiting for a shorting opportunity of this setup as we can clearly see bearish movement to be more persistence, waiting for trading confirmation to short the market

    Join us in...  more
  • Rayn Lim
    An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend.

    At this moment, we have an inverted ascending triangle and it is...  more
  • Rayn Lim
    Last week we did talk about the ascending triangle and the important level for it to break and close above it's the bearish shark formation. Right now the market has retested the support level of the previous ascending triangle , yes, we can see big...  more