ProSignalsFx

ProSignalsFx Updated 

The pair has reached an important horizontal structure on the daily timeframe. It is now trading in a narrow range on the one hour timeframe in indecision. Wait for the breakout to either side. If it breaks out higher, above the resistance in the blue, wait for the retest and go long. If it breaks out lower, then, wait for a retracement and short. Both...

ProSignalsFx

The pair is trading in a narrowing wedge, and is now at a horizontal support level. At a closer inspection, a double bottom is clearly visible. So, once there is a breakout of the small diagonal resistance line, go long from a retracement. Simple structure trade with decent risk reward and good success probability. Like and subscribe not to miss any updates!...

ProSignalsFx Updated 

It can be seen on the 4 hour chart that the pair has reached a key decision level. A massive horizontal structure that spans two months. The pair was moving in a downward channel, and now it has reached both the channel border line and the horizontal support. On a 1h timeframe it can be seen that the pair is trading in a range of indecision. I say, if the 1h...

ProSignalsFx Updated 

The pair has reached a massive horizontal structure on the daily timeframe, which can be seen below. The setup might give grounds for a long from within the structure, but a great deal of attention is to be paid to the price action within the supporting structure. I will be monitoring the pair closely. Guys, if you enjoy my analysis, why not hit this like...

ProSignalsFx Updated 

The pair is showing weakness which was confirmed with the structure violation by a breakout. Wait for the retracement back to the resistance line and short. the stop is narrow and the target would be the support zone of the 2017 lows. Classy structure trade. Like and subscribe for more analysis. Share your experience in the comments. Wish you all luck in your...

ProSignalsFx Updated 

The pair has returned into the 4 year upward channel and is now trading inside a big horizontal structure. It is possible that it will bounce back from the level and follow the direction outlined by the black lines on the chart, hitting the resistance of the upward channel again, before reaching the support of it which will by that time comfortably rest inside...

ProSignalsFx Updated 

Bitcoin now at a major decision level of 10.000. Having been twice not allowed above the level. If the level stands then the target is 7-6.000. And if the momentum is right, who knows, even 3.000 is possible. But it could be that the fundamentals have changed and we will see Bitcoin go up to 14-15 thousand. In that scenario, we will see a breakout up above...

ProSignalsFx Updated 

I do not trade bitcoin or any crypto myself, but It is always interesting to analyze the chart, given the way Bitcoin trades. For those who do trade Crypto, use half of your usual lot size, and monitor the price action constantly. The technical rational for the move is that those who were long all the way from the lows, will be taking profit, and the short...

ProSignalsFx Updated 

The price is clearly not allowed above the structure and the moment the purchases stop the price falls immediately and at a high pace. Therefore, there is no reason for the buyers to buy that high and they will let the price slide to the lows identified by the arrow. There is a chance of an even greater move down on daily, as the price is clearly kept under a...

ProSignalsFx Updated 

The pair is trading in the triangle which is also a bullish flag. With the oil that low and the ruble being an oil currency, one might expect a bullish breakout. There is a small local long inside the triangle, but I would actually hold it, waiting for the bullish breakout and add to the position then as the positive balance of the first one will give me a good...

ProSignalsFx Updated 

As I have already mentioned, in my previous analysis of the pair, the link to which you can find below, there was a potential for returning into the massive diagonal channel, which can be seen on the daily chart attached. The return into the channel was confirmed by the daily candle closing inside the channel, below the resistance area, which gives us a short...

ProSignalsFx Updated 

The pair has violated the downward channel it was trading in, and reached a massive structural resistance level. The current bet is that it will bounce from the level back to the channel line, which is the new support, as it had done many times before, proving the strength of the level. If not, then we will get stopped by a breakout. Wait for the breakout to...

ProSignalsFx

That is a possible way for the pair to continue downward movement towards the demand zone. If the price reaches the level, the price action around it will determine the future of the pair for mid-long term. Like and subscribe for more analysis! Wish you all luck in your trading!

ProSignalsFx

GOLD is unstoppable right now and is soon to storm the 1800 key level. The only question is- what we get to see: 1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years. OR 2-A pessimistic scenario, drawn with a red line, where the...

ProSignalsFx

Gold is now trading in a nice consolidation above the support line on the daily. Also, there is a triangle that is a flag too, and the general uptrend of the last two years adds bullish momentum to the current situation. All looks long, with the first target being 1800 obviously. A very strong level on the monthly chart. If the current momentum persists,...

ProSignalsFx

Dollar Index is trading inside a flag formation, while also being within a horizontal structure and a massive level 100. Level 100 is important, for the index was always pushed below it every time the index got above the level, for the last 5 years. Let's see, who is stronger, the fed, the virus or the debtors, who desperately need dollars. One who judges...

ProSignalsFx

The pair has reached the resistance area of a massive downward channel it was trading in for the last 3 years. The resistance line is porous, and is more of an area though, which can be seen by the spikes of the weekly candle shadows spanning way outside the channel borders. The horizontal structure to the left helps us determine the potential area of...

ProSignalsFx Updated 

The pair is trading in a range and is now close to the support level of the range. A good opportunity to go long. Take1= 1:1 risk reward+ there is a local resistance level. Take2= resistance of the range A liquid pair and the daily range allow us to load decent volumes, so I those with larger depots-this is your trade. Like and subscribe to support me and...