ProSignalsFx

ProSignalsFx Updated 

The pair is trading along the upward going trend line , and has broken out of the small channel. If it manages to stay above the channel upper border then >>> long to the resistance line on the daily. If not, then the pair will go down to retest the upward trend line . Like and subscribe for more analysis. Wish you best of luck in your trading!

ProSignalsFx Updated 

A good opportunity has presented itself for a long trade in oil. A mid term trade, from a nice level. First take gives us a roughly 2:1 risk reward and I will be closing half of my position there. Next take is at the first big resistance level. I will close my entire position there. The stop is very short, yet, pay attention, to that it is not ON the level,...

ProSignalsFx

Vola is showing double bottom and is generally pretty low for such uncertain times so, structure long via futures. Target is a horizontal resistance level. Like and subscribe for more updates and analysis. Wish you best of luck in your trading!

ProSignalsFx

HOME DEPOT has bounced down from the double top all time high level. Also, there is a strong daily level exactly where the stock price is trading right now. One might find a reverse head and shoulders pattern forming, with a current expected move down creating the right shoulder. The target is a strong horizontal structure support level. Don't forget to hedge...

ProSignalsFx Updated 

CADJPY has broken the support line. The breakout was confirmed by the 1hour candle closing firmly below the level. Target 1=1:1 risk reward Target 2=support level.

ProSignalsFx Updated 

The pair is trading in a massive descending channel that is also part of a triangle. Both the triangle and the channel structure allow the pair to move up to reach the resistance line of the triangle and the channel. The one hour chart is also interesting. The pair was falling in a wedge and has reached an important local structure level. We might see a...

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...