$FWDI is showing a bearish setup on the 1H chart after a sharp rejection from the 6.90–7.10 supply zone. Price has fallen aggressively and is now consolidating near 5.82–5.90 support, but sellers still control the structure with lower highs. A rejection around 5.95–6.05 could trigger another move lower toward the 5.82 liquidity zone.
Trade Setup
Entry: 5.95–6.05
Target 1: 5.82
Target 2: 5.70
Target 3: 5.55
Stop Loss: 6.15
How it's possible
The bearish momentum remains strong after the breakdown from the 6.60–6.90 area. The 5.95–6.05 region is the key near-term resistance, while 5.82 is the important support. A clear rejection with strong selling volume would confirm continuation; alternatively, a strong break below 5.82 would strengthen the bearish move. If price closes above 6.15, the setup fails and the trade should be exited to protect capital.
Let's go and Trade now $FWDI
Trade Setup
Entry: 5.95–6.05
Target 1: 5.82
Target 2: 5.70
Target 3: 5.55
Stop Loss: 6.15
How it's possible
The bearish momentum remains strong after the breakdown from the 6.60–6.90 area. The 5.95–6.05 region is the key near-term resistance, while 5.82 is the important support. A clear rejection with strong selling volume would confirm continuation; alternatively, a strong break below 5.82 would strengthen the bearish move. If price closes above 6.15, the setup fails and the trade should be exited to protect capital.
Let's go and Trade now $FWDI
