CHF/JPY SHORT SETUP ON H1 - LONG TRADEOn CHF/JPY, we have a bearish setup on the H4 timeframe, with the price currently at 162.16 and potentially retracing to 160.40 before resuming upward movement to retest the trendline. Moreover, at that point, we have a FVG, which indicates a high probability of reversal. Let me know what you think. Have a great Trading week, everyone, from Nicola, the CEO of FOREX48 Trading Academy.
H-setup
EUR-AUD Rising Resistance! Sell!
Hello,Traders!
EUR-AUD is going up now
But the pair will soon hit
A rising resistance so despite
The fact that rising resistance
Lines are less reliable I think
That we might expect
A local correction but
Use low risk due to the
Fact that the trade is
A counter-trend one
Sell!
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✅NZD_USD NEXT MOVE|LONG🚀
✅NZD_USD is trading an uptrend
Along the rising support line
Which makes me locally bullish biased
And the pair is already making
A bullish rebound from the support
So a further move up is expected
With the target of retesting the
Level above around 0.6208
LONG🚀
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NZDJPY LIMIT SELL IdeaIm looking for 2 setups here. 1 risky and 1 safe . Of course there is no "safe" setup in forex trading...
I will take both trades with 0.5-1%(risky) and 2%(safe) risk, if they get filled.
The basic price points:
RISKY : Entry at. 86.600
Stop loss: 86.900
Take profit: 83.600
SAFE : Entry: 87.000
Stop loss: 87.200
Take profit: 83.600
I want this to be filled next week, wont take this trade if it fills today ( friday 07.28 ), as im up 5.6K$ this week.
Safe trading everyone, follow me for more setups/ideas .
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.
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.
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.
BTCUSDT : Short Trade , 4hHello traders, we want to check the chart of BTCUSDT. The price has hit the bottom of the pullback range channel after breaking a range area. We expect this level to act as a resistance level for us and maintain the downward trend of the price. We expect the price to drop to around 28,500. Good luck.
USDJPY to turnaround at 50% retracement?USDJPY - 24h expiry
Bespoke support is located at 139.60.
A Fibonacci confluence area is located at 139.60.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 139.72 (stop at 138.98)
Our profit targets will be 141.50 and 142.10
Resistance: 140.74 / 141.50 / 142.10
Support: 139.72 / 139.37 / 139.03
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.
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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
Buying Consol Energy at previous highs.Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75)
We are trading at overbought extremes.
Previous resistance at 64 now becomes support.
The previous swing low is located at 63.32.
Bespoke support is located at 64.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 70.75 and 72.75
Resistance: 73.11 / 74.70 / 76.00
Support: 69.50 / 67.00 / 65.00
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