ProSignalsFx

ProSignalsFx

READ MY PREVIOUS GOLD SHORT IDEA TO UNDERSTAND THIS ONE BETTER. LINK BELOW THE POST! Gold has formed yet another bullish triangle, signaling it's determination to storm the 1800 ultra level. If so, THE short, from the previous idea stands strong. Here is a bit of a detail: I'll be closely monitoring the price action around the 1800 level, and look for...

ProSignalsFx Updated 

Welcome back, friends. Another exciting trading week ahead of us. Let's take a look at the GBPUSD. The pair is trading in the falling channel, and has broken both the horizontal support, turned resistance, and the diagonal support line too. We are now witnessing the retracement up to retest the mirror level+ the channel resistance. Therefore, IF the price...

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There is a confirmed breakout of a horizontal structure level, that is clearly seen on the 1H chart below. There is a good pullback, so we have been presented with the best entry point. Thank you for reading, like and subscribe and have a nice day!

ProSignalsFx Updated 

The pair has broken out of the long term falling trendline/resistance, and has retested it successfully in a pullback. Therefore, it is reasonable to expect further upward movement. Good SL area is below the horizontal support line. Takes are significant levels. Simple and classy idea. Thank you for reading, like, subscribe and have a nice day!

ProSignalsFx

Gold is trading in a reverse triangle/opening wedge, near the ultimate 1800 level. Even if not fundamentally significant, 1800 level is psychologically important. A big round number and also the previous resistance area. Thus, while not implying that gold will collapse(so don't bark at me, local gold bugs), I am expecting a correction, that is due, and the...

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The 3 day chart shows us the pair is in the horizontal resistance/decision are. The resistance is strong and therefore I am short biased. The closer look shows us that he upward movement was being conducted within the channel, which somewhat limits the short's potential, giving it an additional support. Anyhow, wait for breakout for both scenarios, as...

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Oil is trading between the support and resistance, in a triangle. Should there be a breakout>>wait for confirmation and short after pullback. This is the trading plan for oil short. If the pair goes up, setup invalid. Thanks for reading! Like and subscribe to support me! Wish you a nice day!

ProSignalsFx Updated 

Hello, fellow traders! Here we've got CADJPY trading in a triangle, between the two horizontal levels. It is clear when looking at the daily chart below. Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback. Or, continue narrowing the range firmly within the triangle with its eye on the breakout...

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Hello, fellow traders, Let's take a look at NZDJPY, that is drawing lower highs moving closer and closer to its current support. It is reasonable to expect a breakout and then short after the pullback. Targets can be seen on the chart. The new support is the final target, as it is a new horizontal support area, as can be seen on a cart above. Thank you for...

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It is evident from this chart that the pair is full of nice levels. The price is currently at a narrow channel's resistance area, with the greater 4 year Brexit channel resistance being within the reach. However, the big news is that the UK and the EU in a surprising move, decided NOT to extend the deadline of the post Brexit transition period, which means...

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Hello friends, The pair floats in indecision in the purple area, in the intersection of the diagonal and horizontal support lines. So long as there is no breakout further below, one might go on a speculative long, with a narrow SL, hoping to catch a quick move up(0.5% of deposit) If there is a breakout below, then wait for the retracement, and go short. A...

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Hello friends! So the USDCAD is now trading in a downtrend confined by the diagonal resistance line. We will take a look at two scenarios of a breakout trading: 1-Breakout upwards. Take notice of a small horizontal resistance area. The diagonal resistance breakout alone is insufficient of a signal in itself.Therefore, for the setup to be valid, wait for the...

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Hello friends, I invite you to participate in the future projection exercise, based on technical analysis, and way the price behaves under such predicament, which can be a very useful tool for traders to see what the price action might be given the current market sentiment and one's own bias. As I've already mentioned before, I am short biased, and therefore,...

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We are most likely seeing The dead cat bounce, and, as a dollar bull I am going short if the price goes a bit higher. The current price level is in itself a small resistance level, which serves as an additional signal. It is possible for the pair to form a double top, or even to shoot a bit higher for the stop loss collection, but that is why I placed my stop...

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Greetings! Bitcoin is trading in the triangle near the 10k super-level. Here is the three most likely price-behavior scenario breakdown: 1-The purple line goes for an aggressive fake breakout push, collecting all the stops, then diving below the resistance, and then going up again in the true breakout. This one is possible, if the market makers think that...

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The pair is near the end of the in-triangle trading. Short now, for the support breakout and a bearish continuation. Thanks for reading! Like and subscribe.

ProSignalsFx

Greetings, fellow traders! Gold has broken out of the triangle, and above the mirror horizontal level too, while being above the diagonal support trendline. RSI indicates the asset being overbought, so a correction is expected. After that, If the horizontal level and the diagonal support stand>>go long. The parallels with the previous breakout are too...

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Hello, friends! Here is my EUR/USD analysis. It is evident that the pair is at a massive level, and therefore a decision zone. At a closer examination it can be seen that there are two distinct downward resistance line, which slowly but surely push the price closer and closer to the support. From here, there are two possible scenarios: The level stands,...