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H-setup

GBPCHF Bearish structure with entry point!In GBPCHF, we have a bearish setup with the price dropping sharply this morning after the negative news of a contraction in manufacturing and services in the Eurozone and the UK. I will look to enter a short position if the market retraces to a target zone at the level of 1.1190, which is a forex48 block where it's highly likely for the price to reverse. Of course, I will always wait for the necessary confirmations before entering the market, which I will be looking for on the M15 timeframe. In the event of an entry, I will place the stop above the previous swing high and set the take profit to recover all the liquidity, around the 1.11 zone. Happy trading to all.
Short
by Forex48_TradingAcademy
1
XAUUSD Bearish channel with liquidity zone!On gold, we have a bearish channel with a price that is slowly starting to rotate around the 1897 area. In fact, as you can see, the price seems to have gained significant liquidity in the 1980-1990 zone. At this point, I expect a breakout of the swing high at the 1904 level, and this would give me confirmation for an uptrend. Subsequently, I would be looking for a long entry around 1893-1897, where we have a demand zone, with a target at 1916, which is another swing high. Let me know how you would approach this pair. Greetings and happy trading to all.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
USDJPY Bearish structure + FVG entry! In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone that I will consider initiating a short position in the market, provided that the market gives us operational confirmations for a short trade. Specifically, I will seek an entry if the market forms two consecutive 15-minute reversal candles. Please let me know your thoughts on this. Happy trading and good luck!
Short
by Forex48_TradingAcademy
1
EURUSD medium term bias remains bearish.EURUSD - 24h expiry A Doji style candle has been posted from the base. Buying posted in Asia. The medium term bias remains bearish. Bespoke resistance is located at 1.0933. Previous support, now becomes resistance at 1.0929. Preferred trade is to sell into rallies. We look to Sell at 1.0933 (stop at 1.0963) Our profit targets will be 1.0858 and 1.0838 Resistance: 1.0929 / 1.0933 / 1.0965 Support: 1.0845 / 1.0795 / 1.0750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
CADCHF Long structure with ICT entry!I've identified a trading opportunity on the GBP/CHF currency pair. After the price returned to the lows to capture previously left liquidity in the 0.6480-0.65 range, you've set up a long trade. Currently, you expect a bounce in the demand zone along with the validation of the bearish continuation pattern (FCV) on the H1 time frame. This validation could lead to a price retracement and the creation of a buying opportunity (long setup) to enter the market. You've observed that the price has already broken a small bearish trendline on the H4 time frame, specifically around the 0.6505 area. Based on this analysis, you're considering a long trade with a profit-taking target around the 0.6580 zone. However, you've also established a stop-loss level at 0.6470 in case the trade doesn't develop as expected.
Long
by Forex48_TradingAcademy
5