H-setup
✅EUR_JPY LOCAL SHORT🔥
✅EUR_JPY is about to retest a key structure level of 158.038
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EUR/USD BEARISH SETUP - 2 ENTRIESRegarding EURUSD, we have a bearish trend starting from 1.1230, with the price heading towards the 1.10 zone. At the moment, there are two potential zones where the price could reverse, one at the level of 1.1070 and another at the level of 1.0970. In both cases, we have a very high-value FVG, which means a significant gap. If we receive confirmations on both the H1 and M15 timeframes, it might be considered to enter a long position. However, it is crucial to wait for the right confirmations and avoid trading during significant news events. Risk management and capital preservation should always be a priority. Greetings to everyone from Nicola, the CEO of Forex48 Trading Academy, and have a great weekend!
EUR/JPY Technical Analysis! SELL!
My dear friends,
My technical analysis for EUR/JPY is below:
The price is coiling around a solid key level - 158.112
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 157.000
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
EURAUD SHORT TRADE - H1 ENTRY SETUPOn EURAUD, we have a bullish setup this morning, with the price reaching the 1.653 zone, where it encountered a FVG and a Forex48 block. After receiving some confirmations on the M15 timeframe, I entered short with a target of 1.642, resulting in a risk-reward ratio of 1:7 with a 1% risk. At the time of writing, the price is already at breakeven, making the trade risk-free. Let me know how you would manage this trade and what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
$USD/JPY -Giant Bearish Flag *W- Awaiting Change of Character (CHoCH) for $USD/JPY on *W tf (weekly time-frame).
Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr)
Decent probable Shorting opportunity in case $USD/JPY fails CHoCH.
Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect.
Pullbacks to at least 20 EMA *W + S/R zone.
Volume is aswell below average on *W
Price seems over extended for now despite The Uptrend Market Structure on
smaller time-frames
(screenshot attached at comment section)
EURCHF to stall at EURCHF - Intraday
There is no clear indication that the downward move is coming to an end.
Broken out of the channel formation to the downside.
Rallies should be capped by yesterday's high.
50 4-hour EMA is at 0.9661.
Preferred trade is to sell into rallies.
We look to Sell at 0.9659 (stop at 0.9685)
Our profit targets will be 0.9599 and 0.9589
Resistance: 0.9625 / 0.9650 / 0.9670
Support: 0.9603 / 0.9580 / 0.9560
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.
EUR/CAD DOUBLE SHORT ENTRY SETUPS H1On EURCAD, we have a bearish setup with the price forming a supply zone yesterday during the American session, effectively creating a FOREX48 BLOCK and an FVG (Force Vector Group). In the first case, if there is a re-test of the 1.4690 level, we could look for confirmations for a short trade. In the second case, the FVG in the 1.4680 area, where, with confirmation on the H1 and M15 timeframes, we could look for a short trade. We enter with a target at 1.4560. Let me know your thoughts in the comments. Happy trading to everyone and have a great day from Nicola, the CEO of Forex48 Trading Academy.
EURAUD : Short Trade , 1hHello traders, we want to check the EURAUD chart. After breaking the specified key level, the price has pulled back to it again. We expect this level to maintain the downward trend of the price and play the role of a resistance level. If the price falls, we expect it to fall around the price of 1.62200. Good luck.
GBPAUD : Short Trade , 1hHello traders, we want to check the GBPAUD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level for us and cause the price to fall. If the price falls, we expect it to fall around the price of 1.88600. Good luck.
USDCHF to correct to the upside?USDCHF - Intraday
Broken out of the channel formation to the upside.
Short term momentum is bullish.
A break of yesterdays high would confirm bullish momentum.
We are trading at oversold extremes.
Trades at the lowest level in 105-months.
We look to Buy a break of 0.8686 (stop at 0.8650)
Our profit targets will be 0.8776 and 0.8796
Resistance: 0.8684 / 0.8700 / 0.8720
Support: 0.8656 / 0.8626 / 0.8600
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.
CHF/JPY SHORT ENTRY - SETUP H1On CHF/JPY, we have a bearish setup with the price breaking through a Forex48 block at the level of 161.88. That will be the point of interest to consider a short position if the market provides a double confirmation at M15 timeframe. The target will be 160.90. Let me know your thoughts. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
DXY Resistance Ahead! Sell!
Hello,Traders!
DXY has made a nice
Bullish correction from
The lows, however it
Looks overbought at
The moment so as the
Price is approaching the
Horizontal resistance level
Of 101.000 we will be
Expecting a local pullback
To the downside
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
EUR/CAD BULLISH AND BEARISH ENTRY SETUPSOn EURCAD, we have a bearish setup. The price, following today's news and the tight monetary policy in the Eurozone, has reached a Forex48 Block, which is a zone around 1.4690, where we could look for a short trade entry point. Furthermore, if it continues to decline, we have another entry point at the level of 1.4570, where the price could potentially change direction and resume a bullish trend.
Let me know what you think about this trading scenario. Regards and happy trading from Nicola, the CEO of Forex48 Trading Academy.
USDCHF in a bearish channel at oversold extremes.USDCHF - 24h expiry
We are trading at oversold extremes.
The primary trend remains bearish.
Trades at the highest level in 105 months.
Trading within a Bearish Channel formation.
Trend line resistance is located at 0.8607.
There is no clear indication that the downward move is coming to an end.
We look to Sell at 0.8607 (stop at 0.8639)
Our profit targets will be 0.8527 and 0.8517
Resistance: 0.8575 / 0.8600 / 0.8630
Support: 0.8555 / 0.8530 / 0.8500
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.
EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in an ascending channel and has pulled back to the specified key level. We expect this level to play the role of a support level for us and maintain the upward trend of the price. If the price increases, we expect the price to increase to around 157,900. Good luck.
GBPUSD - Shorts!GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG.
This is not financial advice.
Do your own due diligence.
Longs are then to be expected as COT increases in long positions.