EhsanFibo

EhsanFibo

Confirmation with price action is recommended before execution.

EhsanFibo

For additional confirmation, traders can watch for reversal candlestick patterns and use complementary indicators

EhsanFibo

A confirmed breakdown will be validated by a strong 1H or 4H candle close below the trendline.

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After a minor pullback, further downside momentum is expected. Watching for confirmation before entering short positions.

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🔹 Possible retracement to the resistance zone at 1.8330, followed by a decline toward the 1.8100 - 1.8150 support area. 🔹 A break below the key support may lead to further downside movement.

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Ensure the trend remains intact by watching for higher lows on pullbacks. Risk Management: Place a stop-loss below the most recent higher low or a Fibonacci retracement level to protect against sudden reversals.

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Bearish Momentum: The price action shows signs of weakening bullish momentum, indicating a potential pullback toward the lower support zone. Target Zone: The lower purple zone, around $97,000, is identified as a potential target for the bearish move. Trade Idea: A short position could be considered if the price continues to show rejection at the resistance...

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A short position could be considered, aiming for the support zone as the primary target.

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This analysis focuses on GBP/USD, highlighting a bullish scenario based on price action and key resistance levels. Key Observations: Support Zone: The price has formed a base at the lower highlighted zone (purple rectangle), suggesting a potential bullish continuation from this area. Immediate Resistance: A smaller resistance level is observed just above the...

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Bearish Continuation: If the price breaks below the support zone, further downside movement is expected, as indicated by the blue arrow. This setup aligns with the broader bearish sentiment, but traders should wait for confirmation of the breakout before entering short positions. Targets could be set near the lower boundary of the channel or even lower depending...

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A potential long trade setup could involve buying near the current support zone, targeting the first resistance level at 2676 and a secondary target at 2680 for a continuation move. Watch for a breakout and retest of the resistance levels to confirm the bullish continuation.

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This analysis is focused on the USD/CHF currency pair, highlighting a potential bearish setup using price action and support/resistance zones. Key Observations: Resistance Zone: The price is currently reacting within a highlighted resistance zone (purple rectangle) near 0.91680, where selling pressure is evident after multiple rejections. Bearish Bias: The...

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A potential short trade setup is identified, aiming for the 1.618 and 2.618 Fibonacci extensions as profit targets. The analysis suggests watching the resistance levels for pullbacks before entering short positions.

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Resistance Level: The upper boundary around 96,000 USD has acted as a cap for upward movement, as evidenced by multiple price rejections. Support Zone: The lower boundary around 94,000 USD provides a solid floor, with price consolidating above it after a sharp drop. Recent price action indicates sideways consolidation within this zone. The blue arrow reflects a...

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Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements: Key Levels: Support Zone: A strong support zone is identified around 108.000 - 108.500. If the price retraces to this...

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Main Support: The primary support zone is identified around 192.000 - 193.000. If the price reaches this zone and shows a positive reaction, a rebound to the upside is expected. Key Resistances: First resistance zone: Around 195.500 - 196.000. Second resistance zone: Around 197.500 - 198.000. A break above this zone may signal a stronger bullish movement.

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Resistance Zone: The highlighted upper purple zone around 1.1070-1.1080 acts as a strong resistance level. The price has already tested this zone multiple times, showing signs of rejection. Support Zone: The lower purple zone near 1.1040-1.1045 serves as a key support level. It aligns with previous price action and has been tested several times.

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On the NAS100 chart, the price has reached a key resistance zone (highlighted in purple) after a strong upward movement and is now facing selling pressure. This zone has acted as a significant support/resistance area multiple times in the past. Expectations: Based on this analysis, the price is currently in a corrective move and is likely to move toward the...