ProSignalsFx

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,...

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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...

ProSignalsFx Updated 

The pair has broken out of a downward channel on the 1 hour chart, and the price is near a massive support level on the 4 hour chart I am long with the stop loss below the support level. Take1= 1:1 risk reward+ a local resistance level Take2= major resistance level. Guys, like and subscribe to support me and to get more signals every day. Wish you all luck...

ProSignalsFx Updated 

NZD/USD pair was trading in the upward channel, forming a bear flag pattern. There is now a confirmed breakout of the flag support line. Wait for the pullback and short from there for a good risk reward profile. Le Classique... Like and subscribe to get more updates and ideas! Wish you luck in your trading!

ProSignalsFx

GOLD has broken above of the triangle it was trading in, and is now accumulating momentum for a surge up. The risk reward is huge, and the trade is simple and beautiful. The stop is just below the consolidation support line, and takes are at the resistance lines. You can always take your 1:1 risk reward first take, but no more that 1/3 of the position. The...

ProSignalsFx

INTU chart has reached a key structure zone on the daily chart. It was climbing in the uptrend since the selloff and did more than 50% retracement. I am bearish for the following reasons: 1- high S&P500 correlation. All major stocks are now trading more or less with the market, and I am bearish on SPY on the fundamental basis. 2-The structure level is strong...

ProSignalsFx

I am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased,...

ProSignalsFx Updated 

GOLD has broken it's diagonal support, and return back to in in a pullback. An ideal place to short. Great risk-reward. The stop is just above the horizontal resist level+the diagonal resist line. Fist take 1:1 risk as always. Second take-horizontal level. Guys, please, like and subscribe for even more market insights. Thank you in advance! Wish you luck in...

ProSignalsFx Updated 

CAD/CHF pair seems to have broken a support line on daily. On a lower timeframe it has found a local support line, from which it has bounced. I am a bit late to the long party, but if there is a pullback to the support, I will go long. Going long now does not make sense risk-reward wise. The first take is at a level where there was a small range to the left,...

ProSignalsFx Updated 

We've seen a more than 50% retracement from the lows of the collapse. That was predictable. Now it's time for the short/mid term crowd to take profit, and we are already seeing this process. The trade is partly technical, partly fundamental too. I believe there is a recession ahead and stocks are way too expensive for such scenario. Looking form a technical...

ProSignalsFx Updated 

Short after a false breakout+ a local double top forming. RSI is also approaching the overbought zone, which is a good bearish indicator. Expect a retracement to the nearest support line or slightly above it. The short is quite small, just above the false breakout high. Please, support my channel with your like. I really appreciate! Wish you luck!

ProSignalsFx Updated 

Aud/nzd long opportunity out there, from a level with a good risk reward profile. Just one take here. Use trailing stop. Look at the price action within the triangle. If a 4 hour candle closes below the level, but above the stop, i will be closing the long. Guys, please hit that like button to support me! Appreciate your help a lot! Wish you luck!

ProSignalsFx

Local long, from the support line. 1.5 risk reward. Close half the position at 1:1 as always. On larger timeframes I am short biased. The weekly chart indicates that the pair is trading at a massive resistance area. Very interesting to watch. Guys, like and subscribe. Really appreciate that! Wish you luck in your trading.