Pro-Trading-Africa

Pro-Trading-Africa

As we can see , there was a Breakout from a bull channel on the H4, we expecting the market to re-test the levels listed in the chart before an uptrend to re-test the lower trend line. (This isn't a long term trade) We taking this trade based on technical analysis and price action. Please use proper risk management depending on your account size, Use lot sizes...

Pro-Trading-Africa

As we can see, CADCHF is moving in a descending channel on the H4, the pair failed to break the upper trend line, we expecting a bearish continuation to re-test the level listed on the chart. We taking this trade based on technical analysis and price action. Please use proper risk management depending on your account size, Use lot sizes based on these...

Pro-Trading-Africa

As we can see Bitcoin has surpassed the $40,000 price mark for the first time since May 12th, Fear that the currency is overbought is alarming investors. This analysis is based solely on technical and fundamental analysis . The Central Bank of Ireland Governor ( Gabriel Makhlouf ) believes cryptocurrencies could negatively impact the European financial...

Pro-Trading-Africa

As we can see, the pair is moving in an ascending channel on the H4, and it has bounce from bottom trend line and a minor support Level 0.87413. We expecting a bullish continuation, this trade is based on Technical analysis. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your...

Pro-Trading-Africa

As we can see, Gold is bullish on the H4 and Daily time Frame, there was a rejection at the support level of $1,789 on a daily time Frame. We expecting Gold to retest the resistance level at $1,813, $1,818 and $1,827. candle stick patterns are showing us we can expect higher bullish continuation. Please use proper risk management depending on your account size,...

Pro-Trading-Africa

We took this trade based on technical analysis, There is a strong bearish candles formation on the H4 and Daily Time Frame, Our technical indicators are showing we can expect a bearish continuation, Our take profits are drawn from the FIB. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a...

Pro-Trading-Africa

As we can see, the pair broke from a minor descending channel on the 4 Hour time frame, technically indicators showing we can expect higher bullish continuation. The next resistance level 1.3762 and 1.3893 Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR...

Pro-Trading-Africa

As we can see, The pair has reached the bottom Level of the descending channel on the 4 Hour Time Frame, and also on the daily time frame, we expecting an uptrend re test the top level of the channel. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and...

Pro-Trading-Africa

As we can see, USDJPY formed a rising channel pattern on a 4hr time frame, it is also called as Bullish Channel pattern. It comprises of two lines parallel to each other with points shaping higher highs and higher lows. There was a breakout which was followed by a retest on the lower trend line, This indicates a change in direction and displays that the uptrend...

Pro-Trading-Africa

As we can see the pair formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. As traders, we wait for a break out at the handle before entering a trade, Please use proper risk management : Here...

Pro-Trading-Africa

Should Gold drop further in the long run, we might see a Bullish Bat pattern forming. However, it is highly unlikely for gold to drop below 1600. For now we scalping the market. (Not long term trades) This is for educational purpose: The Harmonic Pattern Bat is made up of 5 swing points, X,A, B, C and D and come in Bullish and Bearish bat variations. The...

Pro-Trading-Africa

Shortly after Portuguese soccer star Cristiano Ronaldo slid two Coca-Cola bottles away from him during a press conference on Monday, at least $4 billion was wiped off the soft drink company's market value, according to data from stock market research platform Macrotrends. Every action has a reaction on the financial markets. This was one GOLDEN opportunity to...

Pro-Trading-Africa

We expecting twitter to fill the gap once more, next target 63.86 What is a Gap Fill strategy? The gap-fill is a popular trading strategy and it is used not only in the stock market, but also in Forex. After a gap is formed, it happens frequently that the price eventually returns to the origin of the gap and, thus, “closes” the gap. In stocks this can be a long...

Pro-Trading-Africa Updated 

As you can see, we have a clear breakout to the Upside. However, it is quiet common to have a breakout to the Downside as well, We trade this strategy when the break occurs after multiple tests of the upper channel line. We expecting Gold to re-test the 1825.89 level this coming week NB: For educational purposes Please do like and share if you think this...

Pro-Trading-Africa Updated 

As we can see, the pair has broken the top level of the descending channel in the 4-hour time frame chart. We expecting upward movement on USDCAD after bouncing from the resistance level 1.21314.

Pro-Trading-Africa

The pair (EURAUD) broke the resistance level on the ascending triangle. How do you spot the ascending triangle? Well, The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. How do you trade this symmetrical triangle? Easy, ascending triangles are generally considered bullish and are most reliable when found in an...

Pro-Trading-Africa

As we can see, we got the analysis 100% right, the pair moved 700+ pips, Currently the pair is moving in an ascending channel, we will have to wait for a breakout before taking any positions on this pair. NB: This is for educational purposes

Pro-Trading-Africa

As we can see EURAUD broke the resistance level after two attempts on a 1 hour chart. Traders wait for the break out before placing a trade.