factoryforex01

factoryforex01 Updated 

Head and Shoulders Pattern: Left Shoulder: The first peak, followed by a dip. Head: A higher peak, representing the top of the trend. Right Shoulder: A lower peak than the head but similar in height to the left shoulder. This pattern suggests a bearish reversal from an uptrend to a downtrend. Entry Point: Price has broken below the neckline (2.12636), indicating...

factoryforex01 Updated 

1. Rising Wedge Pattern: The price is moving within a rising wedge, which is a bearish pattern. The wedge is formed by two trendlines converging upward. As the price approaches the wedge’s apex, it suggests potential weakening momentum. 2. Fibonacci Levels: A Fibonacci retracement is applied, with the Fibonacci 0.5 level used to define the stop-loss area,...

factoryforex01 Updated 

Entry Zone: The entry point appears to be just above the current price action, within a marked grey zone. This could be a potential demand zone or retracement area following the bullish move. Stop Loss: Your stop loss is set slightly below the entry zone, around 1.30577, which seems to protect against further downside should the price not respect this...

factoryforex01 Updated 

Key Analysis Elements: 1- Resistance Zone: 2- The chart now identifies the previously marked support zone as Resistance. This suggests that the price has broken below that level, and it's expected to act as resistance if the price retraces back up. Buy Limit: 3- The Sell Limit remains around the same level at 1.0974. The strategy anticipates the price dipping to...

factoryforex01

Support Zones: Two support levels are highlighted. The lower support zone acted as a point of rejection, while the higher support zone might act as a retest zone. Rejection Area: The price has previously rejected at a key support zone around the 100.200 level, and there's a label marking this rejection. Possible Retest Zone: After the price bounced from the...

factoryforex01

1-Fibonacci 0.5 Level: This level is acting as strong support at around the 2480 level. 2-Sell Setup: 3-Entry: i am considering a sell at around 2501. Stop Loss: Around 2510. Target: 2477. Buy Setup: 4- Entry: Possible buy setup at around 2480. Stop Loss: 2470. Target: 2515. 5- Resistance and Support: The chart shows a clear resistance zone at around...