Proszi

Proszi

After successfully managing to break below the ascending trendline, we are now looking for a pullback to retest it! We have a reasonably strong resistance around that area, and our 0.618 fib retracement also seems to correspond well. Furthermore, the current descending trendline could see a potential retest, hence why the SL is placed above it - ensuring the...

Proszi Updated 

GBPJPY just saw a solid rejection allowing us to confirm the wedge formation. We are expecting a retracement to retest the 0.5 level of Fibonacci. Furthermore, we have the lower ascending trendling corresponding with the previous major resistance zone outlined in green (now acting as support). Perfect zone of confluence for a long setup, just waiting for the...

Proszi

Following a huge impulsive wave back in March, USDCHF has been consolidating within a symmetrical triangle ever since. We are currently expecting to see a retracement back to the 0.618 Fib level, retest the previous support level, and perhaps see a bounce and break above the descending trendline to confirm our longs!

Proszi

This is a follow up trade from my last USDJPY setup: -Bullish trend within a wedge. Looking to retest lower ascending trendline for a long position. -1H trendline break, looking for a pullback to retest the trendline. -Golden pocket with our 0.618 retracement level on lower time frames. -Respectable support area outlined in grey, hence why the SL is higher than usual

Proszi

- 0.618 Fib Retracement - Ascending trendline - Major support area

Proszi

EURJPY seems to be making its way back down in our respectable parallel channel. I will be looking for a retracement to our 0.618 Fib area, retest the trendline, and bounce from the corresponding support level outlined in grey.

Proszi

After successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying...

Proszi

EURCAD failed to breakout of the outlined resistance once again. We will be looking for a pullback to potentially retest the ascending 4H trendline - corresponding perfectly with out 0.618 Fib retracement level, and the outlined support area in grey.

Proszi

USDJPY approaching to potentially retest the ascending trendline. Hoping to see a pullback towards the 0.618 retracement, which also corresponds well with a previous support at the 107.300 level.

Proszi

USDCHF coming closer to our preferred entry level at the ascending trendline, also corresponding perfectly with our 0.618 Fib retracement level. I'm hoping to see the trendline hold and bounce, otherwise my nullish sentiment will be changed completely if it doesn't.

Proszi

Expecting a pullback down to retest our ascending trendline on EURJPY, which is also in confluence with our 0.618 Fib level, and also the previous crucial support area. Furthermore, we expect to retest the breakout of the previous descending trendline.

Proszi

After successfully breaking above our descending trendline, we have found resistance on the outlined area. Currently the price seems to be in a pullback phase, coming down to potentially retest the broken trendline. We will be looking to enter longs on the 0.618 fib retracemement level, which corresponds with the other 2 technical analysis elements that have been...

Proszi

EURCAD just recently experienced a rejection from our outlined resistance area, failing to break it once again. This provides us with another opportunity to take a potential long trade on the pullback. Looking at the fib retracements, the 0.618 level seems to correspond well with our ascending trendline (which is exactly the perfect place to open our positions)....

Proszi

After experiencing another rejection from the previous resistance area, price appears to have shifted in momentum. We are moving downwards and expecting to see the price slow down around the 0.618 Fib retracement level. It also corresponds well with our previous resistance line (which is now acting as support), and on top of that, there is the respectable...

Proszi

We managed to see a clean break of the ascending trendline looking back at the 4H time frames. Currently we are in a retracement phase, where there is a potential to retest the trendline, as well as the 0.618 Fib level, and see further downside formed from here. Furthermore, our 0.618 level corresponds perfectly with our previous supports (now acting as...

Proszi

The price is currently moving towards our respectable trendline, where we would like to see a potential bounce created off the corresponding 0.618 Fib retracement level, and continue to the downside. Furthermore, there is a crucial historical support area, now acting as resistance, which we would like to see retested!

Proszi

CADCHF retracing back towards our respectable trendline, which also corresponds well with our 0.618 fib level, as well as the previous resistance area.

Proszi

EURJPY currently finds itself retracing back towards our respectable descending trendline. I'm hoping to see the price retest our 0.618 fib level, which is also sitting at a previous resistance level, and head on downwards from there!