ProsperityFX

ProsperityFX

Hello traders! This is my full analysis for this pair. As seen on the chart above, price is evidently in a clear bullish trend on the daily chart . There are multiple confluences that indicate that the retracement is over & price is ready to continue the bullish trend . A little personal side note: I am very excited about this set-up because this is as textbook as...

ProsperityFX

Hello traders! This is my full analysis for this pair. As seen on the chart above, price is in a clear bearish trend. We have multiple confluences that indicate that price is done retracing and ready to continue the overall bearish trend: 1) Price continues to make LL's. 2) Price is still beneath the 50 EMA. 3) Price has created multiple wick rejections at the...

ProsperityFX

WHEN LOOKING AT THIS DAILY CHART, EVEN AT FIRST GLANCE IT IS EVIDENT THAT PRICE IS IN A CLEAR DOWNTREND. WITH 3 LH's ALREADY FORMED, THIS IS QUITE A STRONG TREND, MAKING THIS A HIGH PROBABILITY SETUP. IT IS BEST TO SCALE DOWN TO THE LOWER TF's TO LOOK FOR MORE CONFLUENCE FOR A POSSIBLE ENTRY, SUCH AS PATTERNS (EX: DOUBLE TOP). IF YOU LIKE THIS TRADE IDEA PLEASE...

ProsperityFX

A) PRICE WAS IN STUCK IN A RANGE ON THE DAILY TF UNTIL PRICE BROKE BELOW THE RANGE AS SEEN ON POINT A, CREATING A LL. B) PRICE THEN CAME BACK UP & RE-TESTED THE BREAK, REJECTING WHAT WAS ONCE A SUPPORT ZONE & BECOIMG A RESISTANCE ZONE/LH IN THE PROCESS. C) PRICE NOW BREAKS BELOW OUR PREVIOUS LL & FORMS A NEW LL. D) PRICE HAS NOW COME BACK UP TO OUR PREVIOUS...

ProsperityFX

As we can see here, price has broken the trend line and has failed to make a HH twice. The chart also tells us that price has re-tested the broken trend line and that price is likely to fall. We are about to enter the London session shortly so scaling down to smaller time frames for a more precise entry is advised. If you like this trade idea please hit the like button!

ProsperityFX

Price has failed to break above the resistance marked on this chart, which happens to be a key level on the daily timeframe. Price has also bounced from the top of this bullish channel. I expect price to drop and break the channel down to a key area of support on the H4.

ProsperityFX

Price is approaching a previous level of resistance. If price rejects it's current level and pushes down, we'll have confirmation for this H&S pattern!

ProsperityFX

Head and Shouder pattern has formed. Currently waiting for a break and M/A crossover for an entry.

ProsperityFX

Price is approaching a reliable key level of resiistance. RSI is close to oversold territory, now coud be a good time to look for confirmations for a possible entry. I expect this to come down to at least our previous low. Thi could be a low risk trade considering that SL would not be much higher than our current price!

ProsperityFX

Price broke through previous resistance and is coming up to test another key level, which is rejecting heavily. I expect price to come back down and use our previous resistance as support. RSI is oversold and heavy wick rejections.

ProsperityFX

As we can see here price broke through our channel last week. Price is now coming back up to hopefully reject this channel. More specifically we want price to re-test our most previous low which just so happens to be in our gold zone on the fib. This trade has serious potential, we will continue to monitor it as we approach the London session. If you like...

ProsperityFX

As we can see here our price broke through a key level of support last week, came up to retest, and is now using that previous support as resistance. I has also strated what seems to be a downtrend. Here we will be looking for price to come back up to test our previous low and reject it before looking for an entry on M15. If you like this idea or have comments...

ProsperityFX

What we are looking here is a trend reversal! price had come up to a a zone of resistance that has been rejected since January! Making it an extremely reliable resistance as you can see from the big dip in price, i expect this trend reversal to continue downwards once our price comes back up to test our gold zone on the fib! If you guys like this idea or have...

ProsperityFX

Price is clearly on a downtrend on the H4 time frame. We can expect price to continue this trend if it comes back up and rejects our area of resistance, this is definitely a pair we want to keep monitoring befor even looking for an entry. If you like this idea or have comments of your own please smash the like button or comment below!

ProsperityFX

Hello traders! Here we see price has broken through our triangle pattern on H4, we will wait for a re-test/rejection of our gold zone on the fib before looking to short this pair. Only then we can go to a smaller timeframe and look for a low risk entry! If you like this idea or have any comments of your own please smash the like button or comment below!

ProsperityFX

As shown here by the channel and MA's, we are on a downtrend. Also, price has broken through a key support level on H4 and is coming back up to retest. As it approaches our gold zone on the fib we want to move to a lower timeframe such as M30 for a possible entry. We are looking for a few wick rejections in the gold zone. Let me know what you all think and if...

ProsperityFX Updated 

GbpChf has broken through a key resistance level and is crrently retesting. Here we can see it froming some beautiful wicks forming what used to be resistance into suport as well as a rejection on the fib. The H4 timeframe tells us this par is in an uptrend, I would take this trade now and place SL right below the wicks as it would make this a low risk trade. ...

ProsperityFX

We see here an ascending triangle. AudCad has broken through a key level of resistance and is currently re-testing. Also, we have an uptrend on the daily chart. Obviously since our previous resistance has now become support our price is now forming a new level of resistance. I suggest looking for long opportunities once it breaks our new level of resistance. ...