Get started

Euro-dollar

✨ NEW ENTRY: EURUSD ✨ DAY TRADE (4H) ✨SLO @ 1.1085 (80m) TP3 @ 1.1055 (closing ALL Buy Orders) TP2 @ 1.1020 (shaving 50%) TP1 @ 1.0980 (shaving 50%) BLO 1.0915 📈 -SL @ 1.0885 🚫 🚫 Unfortunately, my SL was too tight and "they" got me. Price Action on the 3m chart appears to be based on the Wyckoff Accumulation Phase, so I re-entered @ the same BLO (see above) Wyckoff Accumulation Phase (s3.tradingview.com)(High Probability) 1. We have the “Preliminary Support” (PS) After a long move down, we start to see signs of high volume and gaps getting bigger. As buyers start to show up, we also see the first sign that selling might end soon. 2. Referred to as the “Selling Climax” (SC) Prices drop quickly during this fear-selling phase, which starts when Preliminary Support stops working. This can cause prices to jump way out of their normal range and gaps to get very big. In some cases, the ending price can be far from the low. When this happens, the candlestick chart will show a big "wick." 3. The Automatic Rally (AR) When sellers stop putting as much pressure on prices, prices often go back the other way with almost as much force when buyers start putting pressure on prices again. This change happened because short sellers bought back the instrument they were shorting. It's important to keep in mind that the peak at this time often marks the top of the stabilization. 4. The Secondary Test (ST) With a more measured approach, Price Action tends to return to the structure's lower levels. As a result, sellers are in play; however, the volume will only increase once sellers find a better opportunity. During this time, it is not uncommon to have a few more tests, like this. 5. The Spring (S) At this juncture, the bottom is unexpectedly retested with sufficient force to deceive market participants into thinking the downward trend has resumed. A "swing failure pattern" describes this kind of behavior nearly precisely. It is basically a shakeout. However, it's essential to remember that this movement is only sometimes necessary. As a result, we anticipate that Price Action will react by regaining control from a lower major Support Level.
Long
by ProfessorCEWard
XAUUSD is on FIRE!!! Gold to 2100I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it. Let me know what do you think. Have a nice trading. Forex48 Trading Academy
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
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
✨ UPDATE: EURUSD ✨ MARKET ANTICIPATION ✨Hey TradingView Fam 👋 Banks in the United Kingdom will be closed on Monday to commemorate King Charles III's coronation. French banks, on the other hand, will be closed to commemorate Victory Day. Furthermore, there is currently no HIGH IMPACT news for Tuesday. We're missing the first three days of the week, which will most certainly result in significant market action on Wednesday. As a result, we must plan for and anticipate any possible spikes or breakouts. The most advantageous method we might implement is to use conservative position sizes, 2% to 3%, and to take the necessary steps to reduce any risks. EURUSD leads the charge in the Forex Market, so let's get ahead of the curve and use this to our advantage. Be blessed 🙏
Short
by ProfessorCEWard
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
USDCHF Is there a Long?On this pair, we have an excellent Demand zone in which the price could create a bullish setup, and then we could position ourselves for a long trade. Perhaps in anticipation of tomorrow's data, which predicts a rate hike that will occur 99%, it could push the dollar higher and bring some strength back to the currency that has lost a lot of ground in the last three months. Let me know what you think. Have a nice trading. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
EUR/USD -3/5/2023-• Euro Dollar is trading in a tight range between 1.09 and 1.11 • Bulls and bears are in balance, awaiting this week's key rate decisions for fresh impetus • Technical setup is pointing towards a breakout soon and odds are 50 50 • We can see an ascending triangle and the price action is shrinking as we move through the cradle of the triangle • This pattern is questionable since we usually see an upward preceding move before the triangle formation which is not the case here • Whether the triangle formation is valid or no, we got an ascending trend line which has been tested in March and a resistance area between mid 1.10s and 1.11 • Bulls are trying to break above 1.11 from current levels, and might see a better opportunity if the price re-tests the trend line support. • Bears need a clear break below the 20 MA and the trend line in question to flip the odds in their favor • Two factors can negate the long term bullish trend: 1- Breaking below the ascending trend line with a clear confirmation ( several daily closes below with an increased volume ) 2- Trading below mid 1.05s which breaks the higher lows series that's been forming since last November. • This week is full of key events and economic data: FED and ECB are gonna release their rate decisions along with their forward guidance on the path of tightening policy • NFP report on Friday • Markets are expecting 25 bps from both central banks but keep in mind that surprises can always occur, just like the surprise rate hike from RBA last night Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
by RamziAbouAbdallah-CMT