mohsenfx

mohsenfx

Don't forget to like and let me know if you have any questions, comments or observations, thank you.

mohsenfx Updated 

Chart Description : 1. a major ascending channel which price is in the lower part of it. 2. a very strong resistance which price touched it recently and tried for breakout and failed till now. 3. a minor descending channel which you can have a better view of it in H4 time frame. Price recently reached the upper trend line of this channel. 4. 150 EMA which acts...

mohsenfx Updated 

wait for further updates. Please like and let me know if you have any questions, comments or observations, thank you.

mohsenfx Updated 

As you can see price reached a strong resistance area wich is between 50% and 61.8% levels of Fibonacci retracement and previous strong support area. Also we can see a formed parallel channel that reached to resistance. We also have a strong trend line which I believe there is a strong possibility for the price to touch it. Price eventually breaks the channel and...

mohsenfx Updated 

Resistances become supports , price going up to resistance area after retesting the support. monitor for reversal confirmation and candle stick patterns in lesser time frames. our target is around 0.93600 and our stop should be a few pips below the support area. Please like and Let me know if you have any questions, comments or observations, thank you.

mohsenfx

as you can see price reached a strong support area which also is a lower line of ascending parallel channel too. You can Enter long position with good R/R and high probability. Our target is around 1.65450 and our stop should be below support area, around 1.62750. If price breaks the support we can consider short move to lower support area. Don’t Forget to...

mohsenfx Updated 

As you can see price reached a strong resistance and we have to wait until next week and monitor for reversal candlestick patterns on H4 and H1 time frames and short after confirmation , we could place stop loss a little pips above Resistance and 200 Day Moving Average around 1.66400 and our target is major support around 1.61600.

mohsenfx

As you can see price recently reached a very strong support area and rejected to current level, that support area is on the 61.8% fibo retracement level and also on the lower line of ascending parallel channel too. We have 2 scenarios and then definitely price going up to resistance area. We could see a double bottom or Head and shoulders pattern, in both of...

mohsenfx

as you can see my last analysis on this pair worked and price reached the resistance. Now we can short to support with decent R/R. Our stop should be few pips above the shadows of recent candles. Notice that there is a possibility of breaking the resistance and touching the trend line for price so you can wait for candle stick confirmation in lesser time frames...

mohsenfx Updated 

As you can see price reached a strong support area and I believe it is going up to resistance area. The question is when to enter the long position ? I think we can wait for possible retest or retests of support area and enter the position with better Risk/Reward ratio. Our target is a few pips below 0.66000 and stop loss should be a few pips below our support...

mohsenfx Updated 

As you can see price reached support area. We can enter long position with target of resistance area.

mohsenfx

as you can see price reached a strong resistance area , this is a great example of "supports become resistances". we have to wait for reversal confirmation in H1 or 15M chart and then enter short position with proper entry point. our targets are : 1.16200 and 1.15200 , our stop should be around 1.17800 . Please like and Let me know if you have any questions,...

mohsenfx Updated 

as you can see a falling wedge pattern formed lately and also price had breakout from it + pullback , these situation signaling the trend reversal to us but there is a strong resistance on top of price , if it breaks we could decide what to do. but now we can only trade in a possible trading range formed between support and resistance area in a smaller time...

mohsenfx Updated 

as you can see we have a trend breakout and RSI shows us a good divergence too. We can see a major double top and a minor double top , price broke the minor neckline and reached the major neckline wich acts as support. I believe we have a pullback on broken neckline and then price going down step by step , our targets are : 0.93000 , 0.91000 & 0.90000.

mohsenfx Updated 

going up to resistance area. Our target is few pips below 0.70000.

mohsenfx Updated 

as you can see we have a Double Bottom Formation on Gold's 4H chart and breakout from neckline. Wait for pullback in H1 or M15 chart and enter long position with better Risk/Reward ratio, our target is around 1897.00 and stop should be below neckline. Please like and Let me know if you have any questions, comments or observations, thank you.

mohsenfx Updated 

Price reached a strong support area , target is resistance area.

mohsenfx

please like and leave me any questions, comments or observations, thank you.