mohsenfx

mohsenfx Updated  Sep 27, 2020

As you can see there is a trend line breakout with a strong candlestick, our targets are 1.0840 & 1.0870. Don't forget to like and leave me any questions, comments or observations , thank you.

mohsenfx Sep 25, 2020

Price reached a strong resistance area. Wait for confirmations and updates. Please like and leave me any questions, comments or observations, thank you.

mohsenfx Updated  Sep 24, 2020

after breaking a strong bearish trend line and having a pullback on it , currently price is in the middle of two support and resistance zones . if it breakout and close above resistance zone we could expect it a good bullish move. if it fails we wait for reversal confirmation and trade in a formed channel until it breaks. don't forget to like and leave me a...

mohsenfx Updated  Sep 24, 2020

currently the price is in the strong support area . if it breaks it up with confirmation we can go long on it. otherwise we must wait because still there is a chance for this pair to see the lower prices. don't forget to like and leave me a comment if you have any idea on this.

mohsenfx Updated  Sep 24, 2020

as you can see price reached a strong weekly resistance wich you can have a better look in weekly TF . RSI shows us a good divergence wich signaling end of current bullish trend. There is a possible double top structure wich confirm only when its neck line breaks. So our targets are : 0.66200 , 0.64400 (if price closes under neckline) and lasts target is about...

mohsenfx Updated  Sep 24, 2020

as you can see price reached the last low of the chart , it acts as support area. Also we have a very strong resistance area on top wich you can see has 3 reversal points , we have 50% Fibbonacci retracement level in this resistance area too. RSI shows us good divergence. I believe price tests the support one more time after the markets opening , that's a good...

mohsenfx Updated  Sep 17, 2020

Price is on a strong weekly resistance. monitor for possible reversal signs and candlestick patterns confirmation on 4 Hour and 1 Hour time frames. then look for best entry point and consider Risk/Reward ratio.

mohsenfx Updated  Sep 17, 2020

We have 2 signals telling us bearish trend is over : 1) bullish breakout from descending channel and a little pullback on that. 2) divergence on the RSI at the end of trend. But note that the price is in a strong resistance area and anything could happen this week. If you look at daily time frame you can see a perfect bullish flag pattern. So if this breakout be...

mohsenfx Updated  Sep 17, 2020

-supports become resistances. wait for candle stick confirmation in lesser time frames. plz like and also let me know your ideas about this. thank you.

mohsenfx Updated  Sep 17, 2020

we can see a falling wedge in 4 hour chart , 50% and 61.8% Fibonacci retracement levels are near the price , wedge ends at one of this levels. also RSI shows us a little trend breakout. we have to wait for wedge breakout and then the price goes up to 3 targets : last high 0.61800, 0.62200 and the next target is 0.63000. wait for confirmations and updates. don't...

mohsenfx Updated  Sep 17, 2020

price currently is stocked between a resistance area and a support area. If it breaks the resistance it goes up to touch the upper part of channel. If it fails and break the lower trend line it goes down to support area and after that we may see new moves and bearish trend from this pair. Don't forget to like and leave me a comment on this , thank you.

mohsenfx Updated  Sep 17, 2020

first of all price reached a very strong resistance area two weeks ago. We can see a trend line breakout and a pullback after that , so we expect a good retracement to 38.2% , 50% and even 61.8%. But there is no guarantee for price movement to touch all of those levels. I think it goes down to 50% with more probability. So retracement levels are our...

mohsenfx Updated  Sep 17, 2020

as you can see it was a breakout from trend line and a pullback on it, we can consider that a Head and Shoulder formation only if it breaks the neck line with strong close below it which is very possible due to situation. after breakout from neckline we can go short or wait for pullback on it and then enter short position. we can calculate a target by measuring...

mohsenfx Sep 13, 2020

-supports become resistances. wait for candle stick confirmation in lesser time frames. plz like and also let me know your ideas about this. thank you.

mohsenfx Sep 13, 2020

monitor for reversal confirmation in daily or 4 Hour time frame in upcoming week or next.

mohsenfx Aug 11, 2020

Give me your feedback about this idea. Thank You.

mohsenfx Aug 3, 2020

First of all we are in the 5th wave of FX:EURUSD , if we look at Fibonacci retracement of wave 1-2-3 we can see the price is very close to 161.8 % retracement. also RSI shows us a big divergence. we have to wait to see what will happen because fundamental analysis doesn't really support this idea.... share your opinion on this idea in the comments.