Prome

Prome Updated 

Hello guys, we've reached a key point for GBPAUD. It could be seen from two different perspective: new touch in a descending tl (whit 0.618 fib) or a retest of an uptrend tl. In both cases the 4H uptrend is broken and we can now short :) A breakout and close below the outer CTL could lead to further downside, near 2016 low. Happy trading!

Prome Updated 

Please thumbs up and comment for idea updates!

Prome Updated 

USDJPY is in downtrend. Sell this breakout seems a good idea Happy trading!

Prome Updated 

Notes on the chart.

Prome Updated 

Notes on the chart.

Prome Updated 

Notes on the chart.

Prome Updated 

Hi guys, sorry if I post this a little bit late. Anyway price breakout from a daily uptrend and this is can trigger a new short. Happy trading and happy new year!

Prome Updated 

Description on the chart.

Prome Updated 

Notes on the chart.

Prome Updated 

As you can see, price is retesting a weekly trend line with a 0.618 Fibonacci retracement. A possible ABCD pattern is forming If we see a breakout and close below the 4h CTL shown above.

Prome Updated 

Price has just touched a weekly trend line. A lot of traders go long (or short) based on a single candle. I don't like this approach. I prefer to study swings behind candles. For this reason I trade after a breakout and close above (or below) certain trend lines. In this case we have a weekly uptrend and a 4h counter trend line! A breakout and close above the CTL...

Prome Updated 

Hello guys, price has just breakout from a retracement of 0.786% fib. The CTL was also retested in 4h, this is a good sign for a new short. The short pressure is still intact. Price was also rejected from a monthly trend line during the election of the US president. My target is the D extensions in conjunction with monthly low. Trade with care whit this...

Prome Updated 

Price just reached the top of a weekly downtrend in a bigger pennant patter, also, a daily abcd pattern formed and price reached the D extension @ -0.27 fib, this means that a pullback is likely. How big this pullback will be we don't know. We don't know either if price will retrace now or waits the @ -0.618 D extension. But, if price breaks the 4h uptrend swing...

Prome Updated 

Hello guys, USDCHF has just touched the top of a weekly descending trend line forming a daily shooting star at the top. Price is also facing a horizontal resistance (the purple rectangle) and a slanting resistance (the dashed line). In a monthly perspective a potential ABCD pattern is also forming with a 0.618% retracement (the purple circle). Take a look at the...

Prome Updated 

EURGBP is now retesting the top of a weekly channel. If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position. Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.

Prome Updated 

Description on the chart.

Prome Updated 

Description on chart.

Prome Updated 

Description on the chart. 4H Chart (entry and RSI Divergence):