ProTradeProfessor

ProTradeProfessor

Series of HH and HL , Market has broken PRV. LH depicting trend reversal

ProTradeProfessor

GBPUSD - Bullish Confluences. 1- HH and HL (Dow Theory) 2- Formation of Bullish Flag Pattern 3- Market tested / respected 4H Support Level 4- Market took support of 0.382 FIB level (Coinciding with 4H support Level)

ProTradeProfessor

Market has remained been in BULLISH trend for Long. However, Market has taken corrective move uptil 0.382 of FIB level and which is also a good 4h support zone. Market has respected this level and did not break the HL with Good momentum. it indicates that market will keep continuing Bullish trend (due More weightage ) to BULLs and target are specified.

ProTradeProfessor

Market is is consolidation phase / distribution phase : market has tested 4H strong resistance followed by formation of Shooting Star and Inverted Hammer candle stick pattern. Market sentiments are strongly in Bearish mode. Market can easily test 4H support zone before continuation of Bullish zone.

ProTradeProfessor Updated 

Market is marking series of HH and HL , market has rejected from 4H support zone followed by Hammer candle. This support zone coincides with FIb level of 0.236. Market has formed Bullish Flag pattern which is also a strong sign of Bullish Pattern continuation. market is currently making a corrective move and its good time to buy. place stop loss below HL.

ProTradeProfessor

1- Market has formed strong Bullish Divergence on Daily Time Frame 2- Market has tested and rejected with TWEEZER BOTTOM candle stick pattern from Weekly Support level 3- Market is approaching its LH (which is also a trend line resistance) if this gets break, market will follow a corrective move up-to FIB 0.382 level which is also a DAILY strong Resistance level....

ProTradeProfessor

Market is in Bearish Trend, DXY is Bearish, however, BXY is taking corrective move due which market has taken correction till 0.5 FIB level which is also a strong 4H Resistance level. Currently market is testing TREND LINE resistance and FIB LEVEL and 4H RESISTANCE. if market breaks above 4H resistance it will be my first HH and entry can be taken on HL. most...

ProTradeProfessor Updated 

Market is making Higher Low and revered from good SUPPORT level of FIB level 0.382 with formation of inverted hammer at this support. RSI Is also Synch with the chart at 1H time frame. market is forming Bullish Flag patter with projected target. DONT forget to put Stop LOSS below last confirmed HL. HAPPY TRADE CALL

ProTradeProfessor Updated 

Market is making series of LH and LL. DXY is Bullish which further confluence to bearish trend. market is 4H support level. if this breaks, market will test FIB Extension Levels as mentioned. market has also rejected from trend line resistance. HAPPY TRADES and ENJOY WEEKEND CALL.

ProTradeProfessor Updated 

Market is forming series of LH and LL. Market is Below 200 EMA on 4H time frame indicating continuation of bearish trend. Further, RSI is synch with price movement indicating Bearish trend continuation. Market has tested Trend line rejection which is also FIB 0.382 level followed by formation of Bearish Engulfing pattern on 4H time frame. Entry @ current market...

ProTradeProfessor

Market is making series of HH and HL, however has market recently shown corrective move. FIB level rejection from 0.382 of Bullish rally is done. market has shown rejection signals followed by Formation of Bullish Hammer pattern near FIB Support level. market will Go till TP1 and TP2 once the drawn resistance level is broken. SL is below HL.

ProTradeProfessor

Market is Making Series of LH and LL. Market has broken consolidation zone and retested Trendline resistance. Market has also rejected / tested 4H resistance level and it will most likely continue Bearish trend. Further DXY is Bullish and EXY is Bearish (which means market will take Bearish Move). TP1 and Tp2 are the FIB extension Levels market will test if it...

ProTradeProfessor

Market is making series of LH and LL. market has been rejected from TREND LINE resistance and also tested 4H RESISTANCE LEVEL (which is also a FIB 0.382 Golden Level). There is also a chart pattern i.e. Bearish Rectangle pattern which depicts market will continue moving bearish trend. Projected TPs are specified with Stop-loss above LH. HAPPY TRADING & PROFITS.

ProTradeProfessor

Market is making series of LH and LL indicating bearish trend continuation. Market is currently accumulating positions and it seems like it will break consolidation zone. Market is currently forming Bearish Rectangle pattern. Market is also testing trend line resistance.

ProTradeProfessor Updated 

Market has again broken consolidation phase and re-tested previous support level. RSI divergence is in synch and there is no bullish signal on 1H time frame. market is currently at 4H support level and seems like it will take corrective move till FIB level of 0.382 (which also coincides with drawn trend line). after Rejection from trend line and FIB 0.382 level it...

ProTradeProfessor

Market is making series of HL and HH. Bearish trend line is broken and market has also broken LH of the bearish trend. market is currently taking correction move and it can re-test good support level of fib and consolidation phase.

ProTradeProfessor

Market is forming its 1st LH and we are waiting to take entry at the formation of 1st LH. market is currently taking correction from good support level and most likely it will touch market " entry point" which is FIB Golden Level i.e. 0.38. After testing this resistance level it will continue rally downward till next support level marked at TP1, TP2 and TP3. SL...

ProTradeProfessor Updated 

BuyCall - Market is is consolidation phase. it will move upward after breakout