ProSignalsFx

ProSignalsFx Updated 

Hello friends! So the USDCAD is now trading in a downtrend confined by the diagonal resistance line. We will take a look at two scenarios of a breakout trading: 1-Breakout upwards. Take notice of a small horizontal resistance area. The diagonal resistance breakout alone is insufficient of a signal in itself.Therefore, for the setup to be valid, wait for the...

ProSignalsFx Updated 

Hello friends, I invite you to participate in the future projection exercise, based on technical analysis, and way the price behaves under such predicament, which can be a very useful tool for traders to see what the price action might be given the current market sentiment and one's own bias. As I've already mentioned before, I am short biased, and therefore,...

ProSignalsFx

We are most likely seeing The dead cat bounce, and, as a dollar bull I am going short if the price goes a bit higher. The current price level is in itself a small resistance level, which serves as an additional signal. It is possible for the pair to form a double top, or even to shoot a bit higher for the stop loss collection, but that is why I placed my stop...

ProSignalsFx

Greetings! Bitcoin is trading in the triangle near the 10k super-level. Here is the three most likely price-behavior scenario breakdown: 1-The purple line goes for an aggressive fake breakout push, collecting all the stops, then diving below the resistance, and then going up again in the true breakout. This one is possible, if the market makers think that...

ProSignalsFx Updated 

The pair is near the end of the in-triangle trading. Short now, for the support breakout and a bearish continuation. Thanks for reading! Like and subscribe.

ProSignalsFx

Greetings, fellow traders! Gold has broken out of the triangle, and above the mirror horizontal level too, while being above the diagonal support trendline. RSI indicates the asset being overbought, so a correction is expected. After that, If the horizontal level and the diagonal support stand>>go long. The parallels with the previous breakout are too...

ProSignalsFx

Hello, friends! Here is my EUR/USD analysis. It is evident that the pair is at a massive level, and therefore a decision zone. At a closer examination it can be seen that there are two distinct downward resistance line, which slowly but surely push the price closer and closer to the support. From here, there are two possible scenarios: The level stands,...

ProSignalsFx

Hello friends! Let's talk about the EURNZD pair. So it is obvious from the chart that the pair is moving in a falling channel and has broken below the massive horizontal level. It is therefore reasonable to go short, should EURNZD go back to retest the level. That retest would also be the falling channels resistance retest, which doubles the strength of the...

ProSignalsFx

Hello, friends! Lets take a look at the audnzd. Here, on the weekly chart it is clear that the pair is in the falling channel that has got the outer and the inner resistance lines. A weekly closeup shows us a possible target in terms of the meaningful support lines, should the pair continue moving within the channel. A daily chart gives us a broken...

ProSignalsFx

Hello friends, To begin with, Gold is clearly in the uptrend on monthly, weekly and daily timeframes. Therefore shorts work with smaller probability. Just keep that in mind. The asset is near a very important level of 1800 and the area around it, so some accumulation before a breakout attempt is expected. We are currently trading in a range , which is crossed...

ProSignalsFx

Channel, triangles, mega levels and massive channels with a 12 year downtrend. The monthly Euro chart has it all in plentiful supply. Few of us venture into the monthly chart of anything, really, so this chart here is mainly to give you a greater perspective, as to the long term potential movements and the big picture, with key levels and chart features...

ProSignalsFx

The pair is moving nicely along the upward trend-line support. A small local resistance confirmed breakout signals us that the bullish continuation to be expected. Two possible targets. First one-weak resistance-used to be support. Next one-strong level. Thank you for likes, comments and subscriptions beforehand. Wish you a great day, friends!

ProSignalsFx

So the diagonal multi-month upward support line is broken. It is yet to see if the breakout is confirmed, so the daily candle needs to close below the line. The breakout feels natural as the currency failed to break out of the massive resistance level of around 10.000. Now, Bitcoin might continue trading in the yellow range, which implies a potential attempt...

ProSignalsFx

Both the horizontal and diagonal support structures were violated. Wait for the 4H candle to close below BOTH levels for confirmation of the breakout>>then short. The final target is the strong daily level. Start closing positions slightly above it. Thank you for your likes, comments and subscriptions, beforehand. You really help me! Wish you all the best, friends!

ProSignalsFx

The pair has yet to go through any meaningful correction as far as the last rally is concerned. Therefore, I am short biased. The head and shoulders pattern continuation after the current retracement is reasonable to expect. Also, the price is moving within a falling channel, and has reached the channels resistance line. Channel violation upwards would not...

ProSignalsFx Updated 

The pair has bounced off the the local high and is now at a local support level. There are two scenarios presented on the charts. First one is the bounce up scenario, with the subsequent return back down and breakout of the support with the second scenario then being a also a continuation of the first one in some sense. The second one implies an immediate...

ProSignalsFx

Bloomberg: The UK does a U-Turn on China, Forced into an uneven fight. 

Quote: (Instead of opening up the UK to Chinese investment, the government is now looking at protecting critical companies takeovers. Where the country used to welcome Chinese technology—allowing Huawei to supply equipment for its 5G infrastructure at the start of the...

ProSignalsFx Updated 

Another shot at shorting the pair this week. The previous breakout was a false one. Yet, the pair did not have the strength to go much higher when being put back above the level. And the level is being tested again. I say, that there is a good chance of a successful short if the breakout is confirmed this time. Also, there is a head and shoulders pattern...