Pro-Trading-Africa

Pro-Trading-Africa

EURAUD bounced from the support level of the major Descending Triangle in the 4-hour timeframe chart. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (GREEN LINE) (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2...

Pro-Trading-Africa

We taking this trade based on Fundamental & technical analysis (THIS IS FOR EDUCATIONAL PURPOSE only ) (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip...

Pro-Trading-Africa

AUDCAD broke the top level of the downwards channel and trying to rebound from the retest zone in the daily timeframe chart. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE...

Pro-Trading-Africa

EURUSD bounced from the HORIZONTAL support level on the DAILY & H4 time frame, we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (GREEN LINE) (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper...

Pro-Trading-Africa

EURGBP has retested the previous strong resistance level on the H4 and Daily time frame. We expecting the pair to retest key levels listed on the graph We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk...

Pro-Trading-Africa

EURGBP bounced from the support level on the WEEKLY time frame, Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE...

Pro-Trading-Africa

USDCAD bounced from the lower support level on the H4 time frame, we expecting the pair to retest the key levels listed on the chart. HAPPY NEW YEAR !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2)...

Pro-Trading-Africa

As we can see the USDCAD had formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. we expecting the pair to retest key levels listed on the graph We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO...

Pro-Trading-Africa

EURJPY bounced from the support level on the Daily time frame, this was due to more lockdowns imposed as Covid-19 cases surge higher due to non-vaccinated people in Germany, However we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY...

Pro-Trading-Africa

EURUSD bounced from the lower support level on the Daily time frame, we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management...

Pro-Trading-Africa

GBPJPY was moving a bearish channel, there was a breakout on the upside. The pair retested key support levels. Technical indicators show the pair is over sold, we expecting a Bullish reversal depending on the : ECONOMIC CALLENDER : 01:50 (GMT +02:00) - Japan Gross Domestic Product (GDP) QoQ (A higher than expected reading should be taken as positive/bullish for...

Pro-Trading-Africa

AUDCAD bounced from a major support Level on the Daily time frame, also broke the upper trendline of a descending channel on the H4. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending...

Pro-Trading-Africa

As we saw on Monday 4th October, EURAUD had formed a head and shoulders pattern on the daily Time Frame. The pair broker the neckline and tested the level listed on the charts, We expecting the pair to retest the level listed on the chart. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a...

Pro-Trading-Africa

As we can see, GBPNZD broke the lower trendline of a bullish channel on the daily time frame, There was a retest on the previous support level , we expecting a bearish continuation. Those with smaller accounts might have to wait for the market to break the lower trendline before placing any trades. Please use proper risk management depending on your account...

Pro-Trading-Africa

As we can see, GBPAUD broke the lower trendline of a bullish channel on the daily time frame, There was a retest on the previous support level, we expecting a bearish continuation. Those with smaller accounts might have to wait for the market to break the lower trendline before placing any trades. Please use proper risk management depending on your account size,...

Pro-Trading-Africa

As we see, EURAUD formed a head and shoulders pattern on the daily Time Frame. We wait for a breakout along the Neckline before placing a trade, What is a head & shoulder pattern ? Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The Head & Shoulder pattern appears in an uptrend suggesting...

Pro-Trading-Africa

The US Dollar (USD) rallied on Friday against the Japanese yuen (JPY) for its third straight week of gains against a basket of major currencies, as uncertainty over beleaguered Chinese property developer Evergrande helped the greenback bounce back from a sharp decline in the prior session. We taking this trade based on TECHNICAL ANAYSIS , The pair bounced from...

Pro-Trading-Africa

EURUSD reached a three-week low at 1.2724, Market sentiment weighs on the EUR/USD as flows flew to the safe-haven USD. The US Dollar Index rises above 93.00 despite weak US consumer sentiment data. We taking this trade based on technical analysis and price action. We expecting the pair to retest the UPPER TRENDLINE of a descending channel or the New support...