ProSignalsFx

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.

ProSignalsFx

The weekly timeframe the pair has returned to the line of the massive channel of which it has broken out. The 4 hour and 1 hour time-frames both point to that the pair in on a decision level. there was a false breakout on the 4 hour chart and now I am long biases. If the daily candle closes below the level, then I will be shorting the pair mid-term assuming...

ProSignalsFx

Eur/gbp pair might present a local long opportunity with a small stop, hence giving a good risk reward profile. Should the price action go the way it is shown by the arrows the first target is certain to be hit, so unload half of your position there. I will update the idea in case that happens, to assess the setup and decide wether to hold the position further...

ProSignalsFx

A cautious look at what Amazon's share price behavior might look like mid/semi-long term. As it is evident from the chart, AMZN is currently trading near all time highs in a range, which is most likely unsustainable, given the upcoming recession. I say we might see Amazon retrace back to it's two year mean price within a 1600-2000 range. 1800-1900 level seems...

ProSignalsFx

A good short opportunity on the AUDUSD pair. Everyone is loading on shorts and the long traders are fixing profits near this level. Hedgers are hedging. So there is a rational reason as to why there should be a bounce from the level. Don't forget to put out a stop loss. Wish you luck!