ProSignalsFx

ProSignalsFx Updated 

The pair is back within the falling parallel channel on daily. Also, It has just broken a diagonal and horizontal support lines. We see a retest retracement now>> short with good risk reward . It is also a short within a newly formed local downward channel, with both targets being within it. This is what it looks like on daily. The breakout is not confirmed on...

ProSignalsFx Updated 

The pair has had a confirmed breakout of the horizontal resistance line. Thus, An upward move is likely to happen. T2 is the first meaningful resistance level. Simple classy trade. Guys, like subscribe and comment. Wish you all the best of luck in your trading.

ProSignalsFx

The pair has reached a strong horizontal support level on daily. It is reasonable to expect a bounce up. There is also a triple bottom on 2H timeframe which is a bullish signal too. Guys, like, subscribe and comment. I really appreciate it. Wish you all the best of luck in your trading.

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ProSignalsFx

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ProSignalsFx

The pair has reached a structure support level. Therefore, a bounce up is reasonable to assume. This level is less strong than 106.890 so for those intending to trade- I suggest using 0.5% of the depot. Guys, like subscribe and comment. Wish you all the best of luck in your trading.

ProSignalsFx Updated 

The pair was in a free fall on daily and finally met a horizontal support that wasn't broken. A triple bottom was accompanied by a diagonal resistance breakout, and a minor horizontal structure breakout followed. A bounce further up is therefore reasonable to expect. SL is below the local low. The ultimate target is the horizontal resistance on daily....

ProSignalsFx

The pair had a wild rally up lately, breaking all resistance lines. Finally, it has broken out of the uptrend support line and a pullback is expected. SL above the local level. TP at reasonable targets. Simple trade. Guys, like subscribe and comment.I really appreciate. Wish you all the best of luck in your trading.

ProSignalsFx Updated 

This is the daily timeframe view: The pair has formed a perfect head and shoulders pattern, which suggests a short. We, however, trade with confirmations only, so wait for the confirmed breakout(2h candle closing below the level), then wait for the retracement, and only then>> short. SL above the green zone. You might ask: what if there is a breakout, but...

ProSignalsFx

The pair was moving in an upward channel has broken out of the horizontal resistance line(turned support) and is now retesting it from above. Therefore>>long. The bullish bias is further amplified by the existence of the unbroken diagonal support line of the upward channel the pair was moving in before the breakout. SL is below the green support area, and...

ProSignalsFx Updated 

Yen is consistent in its defiance of the market , and is falling to dollar(reverse chart) while the dollar index is collapsing into the abyss. Yet, the pair is at a major level, and a pullback is reasonable to expect. Dollar yen is moving in a rising cannel, and the pair is trading at its resistance, so a move towards the channel support is the most likely...

ProSignalsFx Updated 

The pair is trading in the falling channel/bear triangle on the daily timeframe. It is now on the intersection of the channel resistance line and a massive horizontal resistance level. There is a minor support structure on 1H timeframe that was broken with confirmation(the candle closed below the level) >>short from the pullback. Stop loss is above the local...

ProSignalsFx Updated 

The pair is again retesting an important level on the daily. The level is strong and we have seen a rejection of the previous attempt of the breakout. It is therefore reasonable to expect a bounce back from this level again. There is an interesting sub-level, which lies within the red resistance area, and we are seeing an attempt of breaking below it on 1H...

ProSignalsFx Updated 

The pair is currently trading below a small horizontal structure. The market is showing strength and so if there is a breakout on the 1H chart, then long to the identified local resistance level. Guys, like, subscribe and join my FREE telegram channel for instant updates and telegram EXCLUSIVE content. Also, please, feel free to leave a comment! I read them...

ProSignalsFx Updated 

Bitcoin price is lingering near the important and super strong resistance area of around 10.000. The latest breakout attempt was clearly rejected and the price has returned into the flag/triangle formation it was trading in. All of the above give us grounds to be expecting a pullback from the highs to retest the flag's support. The yellow area is the target...

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...

ProSignalsFx Updated 

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...