ProSignalsFx

ProSignalsFx

The pair is in the free fall for several days, and in the downtrend for 1,5 months. Looking broadly, however, it is trading in a massive upward channel. And now the price has reached an intersection of a horizontal support area and the support line of the upward channel. It is therefore reasonable to expect a pullback, that would stop the fall and keep the...

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The dollar seems to have finally broken out of the wedge , below the level 100. Is it the effect of the initial corona shock wearing off, the second bailout overwhelming the market sentiment, the fed's efforts or all of the three above, but the fact is, if the dollar index goes lower, all the dollar pairs follow suit. And yes, I know, it is the index that is...

ProSignalsFx Updated 

Ten day consolidation in indecision is over, which manifests itself in objective reality in a form of a bullish breakout. Therefore a bullish continuation is expected. If there is a pullback, one might consider a long. Guys, like and subscribe for more great ideas! I also read every comment, so you are welcome to join the discussion! Wish you all best of luck...

ProSignalsFx

The pair is in downtrend and is now trading in a bear triangle, with the established strong resistance area in the red. So the upward movement is now possible only in the space within the triangle in the area below the structure. It is therefore reasonable to expect a breakout of this triangle downwards at some point. The scenario holds if the 1D candle closes...

ProSignalsFx Updated 

The pair has reached a key support level, bounced above it, and is now above the local support level. A good long setup for 0.5% deposit risk. Targets are at minor resistance levels. Stop loss is below the rejection level. Guys, like, subscribe and comment! I read and appreciate every opinion! Wish you all best of luck in your trading

ProSignalsFx

The pair has reached a key structure level on daily, and a bounce up is reasonable to expect. There was a nice consolidation inside the structure, a breakout, and a retest. A good long with a decent risk reward. The stop is below the consolidation support. Targets are meaningful resistance level. Guys, like, subscribe and comment! I appreciate every...

ProSignalsFx Updated 

The strong bullish movement has culminated in the pair breaking out of the strong horizontal resistance, and also of the diagonal falling channel resistance lines. If the breakout is confirmed and the daily candle closes above both levels, then a move up towards two red resistance lines is likely. However, if it does not close above the levels, then, it might...

ProSignalsFx Updated 

Silver is trading in uptrend and has had a confirmed breakout of the resistance, which suggests long. There are two target levels identified by the dotted lines. Guys, like, subscribe and join my FREE telegram channel for quick updates and telegram exclusive content. Wish you all best of luck in your trading!

ProSignalsFx Updated 

The pair has broken out off the support it was holding for long time and has reached what might seem like a new support line of the diagonal channel. The pair is now trading in a narrow range that is below 1.3789 level, that is a level on daily, which all together suggests a short. The targets for the short are marked by dotted line, with each showing a daily...

ProSignalsFx Updated 

The pair was trading under the major resistance structure for the entire month of May. It can be seen that the attempt of the breakout was rejected firmly. Now, looking at a 1H chart, we see a small support level. If there is a confirmed breakout, i.e. 1H candle closes below the level, then wait for a pullback and short from there with the limit order. If...

ProSignalsFx

The pair has broken out of the massive falling channel and has reached a major horizontal structure level. The bullish impulse was spectacularly powerful, yet RSI signals that the pair is overbought+the strong level. The two together indicate a necessity of the pullback. The target area of the expected pullback is shown by the circle. This point is...

ProSignalsFx Updated 

SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here. No directional trades, options only. Be careful and measure your risk reward. Like and subscribe for more trades. Wish you all best of luck in your trading!

ProSignalsFx Updated 

The pair has bounced from the horizontal resistance line and also from the diagonal channel resistance line on the daily and is now trading near the local highs. The closeup analysis identifies that that the pair still has not broken the 4 month long diagonal support uptrend line, which is now close to intersecting with the greater channel resistance and the...

ProSignalsFx

The pair rejected the daily resistance forming a double top and is therefore likely to reach the diagonal cannel support line. On a general note, price is very close to a decision area and will soon determine the further direction of the pair movement, with the possible breakout going either way. Like and subscribe to see more ideas! Wish you best of luck in...

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EUR/CAD pair is trading in a falling channel which is also a bullish flag on a daily timeframe. The price is now stuck within an important horizontal structure. At a closer inspection, the price is now above the local resistance line, so, go short only If there is a breakout below the structure, as it is shown on the chart above. Like and subscribe for more...

ProSignalsFx Updated 

The pair is showing weakness, having fallen out of the upward channel which is also a bear flag. It seems like there are no forces that are able to lift the pair back to the important daily level, let alone break up above it. Based on that, I say we might see a move back to the lows or semi-lows of the last dive down. If not, then the next theater of action...

ProSignalsFx Updated 

The pair is trading along the upward going trend line , and has broken out of the small channel. If it manages to stay above the channel upper border then >>> long to the resistance line on the daily. If not, then the pair will go down to retest the upward trend line . Like and subscribe for more analysis. Wish you best of luck in your trading!

ProSignalsFx Updated 

A good opportunity has presented itself for a long trade in oil. A mid term trade, from a nice level. First take gives us a roughly 2:1 risk reward and I will be closing half of my position there. Next take is at the first big resistance level. I will close my entire position there. The stop is very short, yet, pay attention, to that it is not ON the level,...