Get started

Long-setup

GBPNZD Short Setup H1On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97. Let me know what you think. Happy trading, everyone. Forex48 Trading Academy
Short
by Forex48_TradingAcademy
EURJPY Waiting for a LongThe ECB raises interest rates and what does the euro do? It drops drastically, especially against the EURJPY exchange rate, as we have the yen as the second safe haven currency after the CHF. My objective is to wait for the price to reach the 146.50 zone where there is an excellent demand zone. The area was identified through the 3H + 45M strategy. We will see if the market meets expectations. The objective is Long with a target of 150. Let me know your thoughts. Good trading to everyone. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
EURUSD Waiting for NFP In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased. Let me know your thoughts. Good trading to everyone. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
EURUSD 26th marchEURUSD - As you can see from the chart, the setup for this week is quite similar to the others we have posted. Any setup involving the US dollar appears to have a comparable outlook, assuming the price moves as we anticipate. My current plan is to look for an immediate push towards the supply area above, followed by a continued drop. If we do not see a reaction at that supply level, I will then consider the supply level above that. Ideally, I would like to see a new low formed before we push towards this supply level, but given the major downtrend, I prefer to capture the move before it passes us by. In the event that these areas do not pan out and we instead reach a new high, we will consider buying opportunities outside of the range. However, my overall sentiment is bearish. As always, we'll be closely monitoring market openings and adjusting our strategy accordingly. The areas of supply above look particularly attractive for potential sales, as there is clear imbalance and momentum coming from the downside. Additionally, we have a major swing low that has yet to be tested, as well as a major swing high, creating opportunities for trades between these areas.
Short
by rosshayes