ProTradeProfessor

ProTradeProfessor May 27

Bullish Indications: 1- Market is making series of HH and HL 2- Market respected Trend line resistance and bounced back 3- Market respected support level (important support level) 4- Market retraced from FIB 0.382 and 0.618 zone of 5- Market took support - followed by Bullish Haram Candle Entry point - Instant Buy SL below last LH (Although too much, but...

ProTradeProfessor May 25

Price action of Apple Shares looks bearish, atleast until level of 165.59 which is strong support. market has formed wedge pattern before taking a bearish run. it has further good support of 216 and then previous HL of the longer bull trend. we are looking for selling opportunity if the market breaks the 191 support level. we can easily target TP1 of 216 and if...

ProTradeProfessor May 25

Bullish Indications: 1- Market making a series of HH and HL 2- Market took a deep correction as per fib level of 0.618

ProTradeProfessor May 24

Bearish Indicators: 1- LH and LLs 2- Market moving in a strong Bearish Channel 3- Market has broken Support level with a bearish engulfing candle and retracing back, forming LH

ProTradeProfessor May 24

BULLISH INDICATIONS: 1- Market currently in consolidation phase with in a down channel 2- market has bounced back from good support level 3- if the market break the last LH / neckline, we can enter into the market with a TP of R:R of 1:1 and the Stoploss slightly below the LL or the Support level.

ProTradeProfessor May 24

As you can see market has beautifully played a HH and HL formation in bigger picture. Now market is moving in a parallel channel and it seems like, market is taking a correction move of the LEG AB uptil FIb level of 0.618 before again continuing in a bearish run. Trade plan is to look for the buy opportunity. we can plan trade with a entry on break of neck line...

ProTradeProfessor Updated  May 23

market has formed Bullish divergence on Bearish trend followed by Double Bottom formation. This indicates that market will now reverse the trend and we can expect bullish trend. Entry will be taken after breakout of resistance level which is also a LH and TPs will be 1:1 and 1:2 accordingly. SL is placed slightly below the Double Bottom.

ProTradeProfessor Updated  May 23

GBPNZD ; after series of HH and HL, now is the time for the market to take some reversal. market has formed divergence on 30 M time frame. we can see formation of Bearish Wedge patter which is a strong indication of up-trend getting weaker. Once, market breaks the LH we can enter into the market. we have got projection on the charts (thanks to wedge pattern)...

ProTradeProfessor May 22

USDCHF - currently the pair is in consolidation phase, followed by RSI Bullish Divergence and A wedge pattern. These two formations followed by a Bearish trend gives us an indication that market will take a bull run after accumulating positions. we plan our entry as follows. Entry Point : After break of Resistance level (LH) TP1 : with a risk to reward of 1:1...

ProTradeProfessor May 22

Strong confluences on 1D time frame for the Bullish BIAS on this pair. 1- RSI divergence 2- Formation of HH and HL 3- Bullish Trend Line 4- Hammer Candle stick pattern formation 5- Double Bottom we anticipate the market to remain in Bull phase. Entry point is market with TP1 and TP2 as R:R of 1:1 and 1:2 respectively. Keep you Stop loss slightly below the...

ProTradeProfessor May 21

Market is making a series of LH and LLs- Market has rejected from trend line resistance. Bearish Engulfing candle formation is a strong confluence of market bearish trend. we can instant enter in the market, SL would be slightly above Last confirmed LH and TPs would be with R:R of 1:1 and 1:2 respectively.

ProTradeProfessor May 21

NASDAQ ; after forming series of HH and HLs is seem to be in distribution phase, we can see Divergence on RSI followed by Double TOP pattern which is a strong confluence for Reversal Pattern we have a trade plan with our entry , once the accumulation phase (strong support) is broken as mentioned as ENTRY POINT (Sell Stop order) once our order is triggered we can...

ProTradeProfessor May 21

EURAUD in a bullish trend expects making a series of LH and LL, before proceeding of big rally. we take the entry on break of HL and TPs as 1:2 and 1:1.

ProTradeProfessor Updated  May 19

EURJPY is making a series of LH and LL, however with formation of divergence it has slightly broken the Last LH and almost bounced back from Resistance level of 0.618 FIB level, which is a strong resistance level. we anticipate that, price if breaks the LH / 0.618 resistance level then it will easily hit TP1 and TP2

ProTradeProfessor Updated  May 16

Bullish Indicators: 1- Market is respecting trend line support 2- Market is respecting major support level 3- FIB 0.618 level coincide with the Trend line support 4- Series of HH and HL (HL is froming) 5- Formation of Inside bar (Bullish Harami) Candle stick on 1H time Frame

ProTradeProfessor May 15

Bearish Indicators : 1- LH and LL 2- Market is respecting Bearish trend line resistance 3- Market is respecting 0.618 level of FIB level 4- Formation of shooting star candle stick from fib / trend line level Happy Trading, wait and watch your TPs getting Hit !!!!

ProTradeProfessor May 14

Hello Dear Traders, EURUDS bias is Short based on following confluences The first thing to note is that market has respected BEARISH TRENDLINE resistance followed by rejection from MAJOR RESISTANCE LEVEL, which is also a FIB golden level of 0.382. based on this, if market breaks the MINOR support level which is also 0.68 level of FIB then we can sell short...

ProTradeProfessor Updated  May 14

based on strong sentiments at bullish side and strong bullish divergence, the pair seems to be bullish shortly. Market once breaks the last LH we can enter into the market with defined TPs and SL. HAPPAY TRADIND GUYZ !