ProSignalsFx

ProSignalsFx

Ethereum has broken its diagonal support line, and is now trading in a bearish triangle below the very strong resistance. I am looking at a short from the resistance line. This is better than waiting for the triangle breakout, because, if you look at how ethereum is trading, it's downward movements are swift and quick. So I suggest we catch it from the high....

ProSignalsFx Updated 

The pair is trading near a breakout area in a triangle, and a push up towards to retest the resistance is possible. Wait for the price to go a bit lower and go long with buy limit. Two targets, two stops. 0.5% both. Thank you for reading, like subscribe and have a nice day!

ProSignalsFx Updated 

The pair has broken out of the long term bearish resistance, got above an important mirror level, and is now storming another horizontal structure with the bullish triangle! Trading plan: Wait for the CONFIRMED breakout of the triangle wither way, and then enter the trade after the pullback. The pair either goes hither, or returns to the previous diagonal...

ProSignalsFx

The pair is trading near the massive 5 year downtrend resistance. These ones don't get broken easily, let alone in one go. Therefore, our target trade is a short. However, there is a small horizontal resistance right below it, and the bullish triangle that is now forming is signaling that the market is preparing to break it. TRADING PLAN: Wait for a breakout...

ProSignalsFx Updated 

BTC has broken out of the massive triangle, and is now retesting a small horizontal resistance. It has also formed a downward channel. Therefore, a downward movement is reasonable to expect. I offer you two shorts, one, now, based on the horizontal resistance, amplified by after-triangle-breakout pullback. Short 2-a play on the channel resistance+ the broken...

ProSignalsFx

While the pair is trading in a bearish wedge the dead cat bounce is always a good bet, and we are right at the support level. So, long with 2:1 and 4:1 risk reward take profits respectively. The probability is less than 50% but it is compensated by the huge risk reward. If SL hit, wait for the bearish breakout then, and go into a mirror trade. Thank you for...

ProSignalsFx

The pair is trading in a massive upward channel on higher timeframes. It has currently reached the channels support line, and a long term horizontal support too, while being pressed by three lesser resistance lines. Thus, the pair is at the influence lines confluence zone. My take is that the support lines are older and stronger, and it is reasonable to...

ProSignalsFx

READ MY PREVIOUS GOLD SHORT IDEA TO UNDERSTAND THIS ONE BETTER. LINK BELOW THE POST! Gold has formed yet another bullish triangle, signaling it's determination to storm the 1800 ultra level. If so, THE short, from the previous idea stands strong. Here is a bit of a detail: I'll be closely monitoring the price action around the 1800 level, and look for...

ProSignalsFx Updated 

Welcome back, friends. Another exciting trading week ahead of us. Let's take a look at the GBPUSD. The pair is trading in the falling channel, and has broken both the horizontal support, turned resistance, and the diagonal support line too. We are now witnessing the retracement up to retest the mirror level+ the channel resistance. Therefore, IF the price...

ProSignalsFx Updated 

There is a confirmed breakout of a horizontal structure level, that is clearly seen on the 1H chart below. There is a good pullback, so we have been presented with the best entry point. Thank you for reading, like and subscribe and have a nice day!

ProSignalsFx Updated 

The pair has broken out of the long term falling trendline/resistance, and has retested it successfully in a pullback. Therefore, it is reasonable to expect further upward movement. Good SL area is below the horizontal support line. Takes are significant levels. Simple and classy idea. Thank you for reading, like, subscribe and have a nice day!

ProSignalsFx

Gold is trading in a reverse triangle/opening wedge, near the ultimate 1800 level. Even if not fundamentally significant, 1800 level is psychologically important. A big round number and also the previous resistance area. Thus, while not implying that gold will collapse(so don't bark at me, local gold bugs), I am expecting a correction, that is due, and the...

ProSignalsFx

The 3 day chart shows us the pair is in the horizontal resistance/decision are. The resistance is strong and therefore I am short biased. The closer look shows us that he upward movement was being conducted within the channel, which somewhat limits the short's potential, giving it an additional support. Anyhow, wait for breakout for both scenarios, as...

ProSignalsFx

Oil is trading between the support and resistance, in a triangle. Should there be a breakout>>wait for confirmation and short after pullback. This is the trading plan for oil short. If the pair goes up, setup invalid. Thanks for reading! Like and subscribe to support me! Wish you a nice day!

ProSignalsFx Updated 

Hello, fellow traders! Here we've got CADJPY trading in a triangle, between the two horizontal levels. It is clear when looking at the daily chart below. Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback. Or, continue narrowing the range firmly within the triangle with its eye on the breakout...

ProSignalsFx

Hello, fellow traders, Let's take a look at NZDJPY, that is drawing lower highs moving closer and closer to its current support. It is reasonable to expect a breakout and then short after the pullback. Targets can be seen on the chart. The new support is the final target, as it is a new horizontal support area, as can be seen on a cart above. Thank you for...

ProSignalsFx

It is evident from this chart that the pair is full of nice levels. The price is currently at a narrow channel's resistance area, with the greater 4 year Brexit channel resistance being within the reach. However, the big news is that the UK and the EU in a surprising move, decided NOT to extend the deadline of the post Brexit transition period, which means...

ProSignalsFx Updated 

Hello friends, The pair floats in indecision in the purple area, in the intersection of the diagonal and horizontal support lines. So long as there is no breakout further below, one might go on a speculative long, with a narrow SL, hoping to catch a quick move up(0.5% of deposit) If there is a breakout below, then wait for the retracement, and go short. A...