ProSignalsFx

ProSignalsFx

The pair is has reached a strong support level+RSI is oversold, therefore, our target trade is long. TRADING PLAN: 1-wait for the diagonal resistance breakout 2-go long after pullback 3-SL, TP are on the chart 4-5:1 potential risk reward with 50% probability If the support level is broken before the diagonal resistance>> setup invalid Thank you for...

ProSignalsFx

The pair is trading in an uptrend after the diagonal resistance breakout. Now, AUD/JPY is facing a strong horizontal resistance. WAIT for the breakout either way. For the bearish breakout the diagonal support needs to be broken too. The short is a counter trend trade and therefore has lower probability. On the other hand, the level is strong and the RSI...

ProSignalsFx

The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation. There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too. TRADING PLAN: IF daily candle closes above the level>> Long after the pullback. The pullback is reasonable to expect due to almost overbought...

ProSignalsFx

The pair is trading in a downtrend, way above its diagonal support. The range that the pair was trading in is broken, and the pair is falling towards the new solid horizontal support, that is very well visible on the 3 day chart. The support of the range is now the new resistance. According to the RSI the pair is now oversold, thus, I expect a possible...

ProSignalsFx

The dollar index is trading at a very strong support level right now, with 4 successful touch points. It is, however being pressured by a diagonal resistance, and, therefore, whether the level stands or it does not depends entirely on the diagonal resistance being broken. The current EU deal strengthens the Union yet, judging by the Dollar reaction to the...

ProSignalsFx

GBP/USD is trading in a horizontal range that is a part of a larger bullish triangle. The current resistance level, that is presented with the two resistance areas is very strong and is quite likely to cause a bounce down. On a smaller timeframe we are seeing that the pair is trading along the diagonal upward support line and is currently looking bullish....

ProSignalsFx

EUR/USD is now moving in an upward channel, facing the blue resistance area, yet no one is talking about the real resistance ahead of us, that is the 11 year downward trend line, that has so far worked like a clockwork, with only a slight violation attempt, in 2014. Now, the cross lines that you see on the chart represent estimated touch point of a price and...

ProSignalsFx Updated 

USDMXN is in the downtrend and is currently trading in a small triangle. TRADING PLAN: Long now from the triangle support. Great risk reward and 50% probability. I trade longs ONLY on such pairs due to the expensive interest rate spread, which in the case of being long peso, is working in your favor. 3 targets correspond with the local levels, SL below the...

ProSignalsFx

EURUSD is trading in an upward channel, and has just reached a confluence of a channel resistance and a lower end of the horizontal structure resistance. +a double top will be formed. Thus- we aim at short. The resistance, though violated on 8 hour remains intact on the daily and therefore I consider it to be valid. TRADNING PLAN: 1-Enter in the...

ProSignalsFx

Apple is beating all time highs like there is no gravity these days. I do not intend to lament the FED, Voodoo economics etc.. I simply say: The current channel is too perfect not to be embraced completely, and, though a bit late to the party, one might consider going long every time the price touches the support. If the FED is printing money, I suggest you ride...

ProSignalsFx

3 day chart shows us that AUDJPY has broken out of the yet another long term downward channel and is now storming new highs following the two diagonal support lines, having the broken channels ex-resistance line as the new ultimate support. The new target level to be tested is the horizontal structure resistance, nearby. The price action suggest that the level...

ProSignalsFx

EUR/USD has broken out of the upward diagonal channel, and ignored the double top it should have formed with the last high. Now, it is entering the big resistance area, thus, despite the recent strength, the target trade is a short +RSI near overbought which is a bearish signal. The pair might move further up from the current level, so I am not giving any...

ProSignalsFx

Oil has broken one of the diagonal support lines, while keeping the diagonal resistance intact. Coupled with the strong horizontal structure just above the current price, and the consequent likely pullback from it, our target trade is a short. As I said, the first diagonal support is already broken, thus: TRADING PLAN: 1-Wait for the second diagonal support...

ProSignalsFx

Oil is approaching an important horizontal structure, which gives a good probability of a retracement from it. Thus, our target trade is short. Trading plan: 1-if the diagonal support breaks>> 2-short with entry in the area outlined on the chart. 3-SL is ABOVE the dotted line. There is a small structure there, so it is safer this way. 4-two takes according...

ProSignalsFx Updated 

Gold remains strong, yet has to fight for every inch up. There is a nice neat resistance level here. IF confirmed breakout>>wait for pullback>>long. Two targets+maybe trailing stop for 30% of the position. SL below the level lows. Simple and classy. Thank you for reading, like, subscribe and have a nice day.

ProSignalsFx Updated 

The pair has broken out of the long term diagonal resistance, and has successfully retested it. Now, it is moving along the diagonal support line, aiming to retest the horizontal resistance. There is a relatively weak resistance in the red, that the price is in right now, so the probability is less than 50%, but the risk reward is 2:1 so go with 0.7% of the...

ProSignalsFx Updated 

Hi there. EURGBP upward channel is unbroken and stands strong.Now there is a comfortable spot for us to enter. However, the price is currently below the relatively strong horizontal resistance area, which, gives us less than 50% probability. Despite that, I say, that the channel is strong, and there cant be a better point for entry than here, from the...

ProSignalsFx

EURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long. However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us. It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want...