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CAD/JPY WHAT DO YOU THINK ABOUT THIS?I entered a short position on CAD/JPY following a strong confirmation signal around 107, where there is a Forex48 block, indicating a potential reversal zone for a short trade. I used this zone as my entry point just before the UK and US data releases. Currently, the trade is at breakeven after a strong impulse that almost hit my take profit. Please share your thoughts on this trade and any suggestions for improvement. Kind regards from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
GBP/CHF SHORT SETUP AFTER BOE NEWS I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position. Furthermore, after the interest rate hike in the UK and statements from the Bank of England's President, we have an additional motivational factor to short the British Pound (GBP). Please let me know your thoughts on this analysis. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
3
EUR/JPY BEARISH TRIANGLE AND LONG SETUPOn EURJPY, we can observe a descending triangle pattern, as the price generated a large bearish candle of over 80 pips around 9 o'clock on the H1 timeframe. Currently, the price is approaching a Forex48 block, which is a high reaction zone, especially if there's a double confirmation on the M15 timeframe. If this zone fails to halt the downtrend, the next potential target could be the level of 155.80, where we have a FVG (Financial Volume Grouping), indicating a significant support area. At this level, the price might find support and reverse upwards, targeting 157 to retest the lower boundary of the descending triangle. Your thoughts and analysis on this setup are welcomed. Happy trading to all!
Long
by Forex48_TradingAcademy
1
EUR/USD BULLISH SETUP WITH NEGATIVE ADP On EUR/USD, we have a bullish setup in the H4 timeframe. The price is currently within a range between 1.0980 and 1.0280. The expectation is for a bounce from the lower side of the range, around the 1.0980 area, where we have a trendline support, a Fibonacci retracement level (FVG), and a 50-period Exponential Moving Average (EMA) acting as support. This could trigger the beginning of a long trade with a target at 1.11. This scenario might be further influenced by today afternoon's anticipated negative data from the United States, which could lead to a depreciation of the dollar. Let me know your thoughts. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
CHF/JPY SHORT SETUP AFTER BOJ WARNINGSOn CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
GBP/NZD H1 BULLISH SETUP WITH A POIWe have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a re-test with the candle closing on the H1 timeframe above the Point of Control (POC). Otherwise, the position will be closed immediately. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
XAUUSD SHORT SETUP BEFORE NFPOn XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the expected scenario is a strengthening of the dollar, causing the price to decline to around 1950 in the second scenario and 1910 if the price reverses in the first transparent block. Therefore, the price could potentially break the bullish trendline. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
2
USD/JPY LONG TRADE WAITING NFPOn USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we have an area with low trading volumes, and the price could rise rapidly, especially considering the Non-Farm Payrolls (NFP) data on Friday. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
USD/CAD LONG & SHORT SETUPOn USD/CAD, we have a bullish setup, with the price navigating within a high volatility zone (fvg) since this morning, suggesting a potential long opportunity. Today's trading activity will be focused solely on the London session, as we have significant macroeconomic data from 14:00 to 17:00 Italian time. Currently, I am waiting for the price to close a candle on the H1 timeframe outside the fvg. Once that happens, I'll look for a confirmation on the next candle at the M15 timeframe. If it's not a pin bar or doji, that will be my entry signal. Have a great day from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
5
GBP/USD SHORT SETUP AFTER US GDPOn GBP/USD, we have a bearish setup after the US GDP data surprised expectations, causing the dollar to gain strength. Following two days of meetings between the Federal Reserve (Fed) and the European Central Bank (ECB), the market has finally broken out of a trading contraction and regained its normal volatility. Currently, I anticipate a minor price retracement to the level of 1.2835, where we have a 'forex48 block,' a point of high sensitivity where the price could reverse direction and move downwards towards 1.26. Once the price returns to the 'block' level, I will wait for the appropriate confirmations before entering a short position. Have a good evening from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
6
NZD/USD LONG SETUP AFTER ECBOn NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our long trade if we were to enter the market. Currently, we are waiting for confirmation on the M15 chart. Happy trading to all, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
5
GBP/USD LONG SETUP AFTER FED RATESGood morning traders, today I present this idea on GBP/USD. On this pair, we have a bullish setup after the news from Europe about the dollar. The market, while rising, broke through a supply zone, creating an important reaction area known as a "Forex48 block" on the M15 timeframe. If the price reaches this zone and provides the necessary confirmations on M15, I will enter a long position at the expected entry point around 1.293. The trade is currently aiming for a target of 1:6.5. Remember, patience is key, and confirmations are like nuggets of gold. Please share your opinion and give a like to support our work. Best regards from Nicola, CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
CAD/CHF WAITING FOR SHORT TRADEOn CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a truly strong Swiss franc in the last month, with a weak Canadian dollar, which is further amplified by a weak US dollar. This morning, the price broke another demand zone, supporting a bearish view. Tonight, we have the Fed rates, so keep an eye out for potential volatility. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
XAU/USD LONG TRADE BEFORE FED RATES On this trade, we have a bullish setup after the price broke a bullish trendline and bounced off the intersection of two trendlines. I positioned myself long exactly after an H1 confirmation at the 1955 level. I've set the target around 1990, where we have a FVG (Failed V-shaped pattern), which indicates a possible zone for a short trade in case there are appropriate confirmations. Leave a like and let me know your thoughts. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
GBP/JPY SHORT SETUP H1 AFTER CPIOn GBPJPY, we have a bullish setup on both the H1 and H4 timeframes. The price is currently at the level of 181.70 and could reach the zone around 182, where we have a supply zone and a significant price level (FVG), presenting an opportunity to look for a short trade, provided we receive the appropriate confirmation on the M15 timeframe. Patience is the key. Drop a like and share your view. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
USD/CHF LONG TRADE SETUP H1 BEFORE FEDIn the USD/CHF currency pair, we have a long setup after the price has broken the high at the level of 0.8680. From here, the price could move towards 0.88 since this upward movement has little resistance and is full of inefficiencies. In other words, the market has dropped too quickly, and usually, within 10-20 days, it tends to fill this gap. This is also in view of the Fed's potential interest rate increase of 0.25%. Let me know what you think. Share and like this post. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
GBPNZD SHORT SETUP AFTER EURO NEWSOn gbpnzd, we have a bearish setup after the trendline breakout this morning following the Eurozone PMI data. The price is heading towards the 2.0485 area, where we have a POC (Point of Control), which is a specific entry point for a long trade if the price reaches and bounces from the POC, representing the highest concentration of orders. In that zone, the market could rebound with a target at 2.0850. Leave a like to support our work, comment, and share your analysis. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4