On this pair, I have identified an entry using the Forex48 1.0 strategy. The strategy involves entering long when the price forms a demand within another demand. The stop should be placed at the second low compared to the low of the demand. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
On this pair, the price is ascending towards the 1.1145 area where we have a demand zone that aligns with the setup of the second strategy Forex48 2.0. The objective is to wait for a bounce in this zone and enter a long position with a target of 1.1291. Let me know in the comments what you think. Happy trading to everyone.
On EURUSD this morning, there was a breakout of a high within a demand zone. According to the Forex48 strategy, a bullish setup has been created for a Long entry with a target of 1.10. Let me know what you think. Happy trading to everyone!
On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in...
On AUDCHF, the Forex48 strategy has identified a supply zone at 0.6030, where a setup for a short trade has formed. Currently, we have a weak AUD, but it could recover and potentially bounce back to the mentioned zone overnight after the news. However, I predict a decline with the strengthening of the Swiss Franc, which is traditionally a safe haven currency,...
On AUDNZD, we have a price that is consolidating around 1.0631, where it has formed a supply zone. The objective will be to wait for the price to rebound around 1.0660, where there is a supply zone with a Point of Interest (POI), indicating where the price has formed a short setup. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
On this pair, we have a strengthening dollar following the afternoon sales data. As you can see, my analysis predicts a price rebound around 0.89 with a target at 0.8990. Right in that area, we have a demand zone with a Point of Interest (POI). Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
I 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...
Gold has a strong demand zone around the level of 1990. Currently, my view is neutral. What I will do is wait for a possible formation of a supply within the main demand zone, and from there I will look for a long entry. If the price were to break the main demand zone, then I will look for a short entry. The goal is to search a possible supply demand zone inside...