GBP/AUD LONG TRADE - H1 SETUPOn GBPAUD, we have a bullish setup with the price that has just retraced to a Forex48 block, a strategy devised by our CEO. The trade, with the H1 candle closing outside the block, will be set to break-even, so we will have a risk-free position. The target will be set at an RR 1:4, which means at the level of 1.92. Greetings from Nicola, the CEO of Forex48 Trading Academy
Long-setup
GBP/JPY SHORT SETUP H1 AFTER CPIOn GBPJPY, we have a bullish setup on both the H1 and H4 timeframes. The price is currently at the level of 181.70 and could reach the zone around 182, where we have a supply zone and a significant price level (FVG), presenting an opportunity to look for a short trade, provided we receive the appropriate confirmation on the M15 timeframe. Patience is the key. Drop a like and share your view. Greetings from Nicola, the CEO of Forex48 Trading Academy.
EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
EUR/CAD TRADE LONG AFTER NEWS - H1In the EURCAD pair, we have a long setup with the price about to break a supply zone, starting from a demand zone at 1.47. After the breakout, I expect a bounce as the price could form a pattern of our invention, called Forex48 Block. Here, we could enter long with a target around 1.4870. Let me know what you think, share your analysis, give a like to support our work, and have a great day of trading from Nicola, the CEO of Forex48 Trading Academy.
USD/CAD BULLISH SETUP H1- FED RATES!!!On USDCAD, we have a bullish setup with the price in the 1.3224 zone. There's a bullish trendline with a double bounce, and we're anticipating a third bounce around 1.32020, where we also have a Volume Profile Gap (FVG). This presents excellent opportunities for the price to rebound at that point and go long, with a potential target around 1.327, which is a sell area due to the presence of a Forex48 block – an area with a high reaction if the price approaches it with the right confirmations on the M15 timeframe. The important thing is not to let FOMO (Fear Of Missing Out) take over but always stick to your own trading plan. Have a great weekend and happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
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.
GBPAUD POTENTIAL LONG TRADE - UK NEWS
We have a potential trade on GBPAUD. The market has an uptrend after the NZD CPI, and I anticipate a retracement during the London session following the momentum of the Asian session, with price returning to the 1.9140 zone where we have a Fibonacci confluence. We should wait for proper confirmation on the H1 and M15 timeframes while managing the risk. Greetings and have a great day to everyone from Nicola, CEO of Forex48 Trading Academy.
USDCAD TWO POSSIBLE SETUPS H1On USD/CAD, we have a bullish setup with the price establishing a strong demand zone around 1.3128 and rising by breaking through the supply zone around 1.3177. Within this zone, the price has defined a Forex48 block, which is a potential entry point for a long trade in case of a pullback. In addition to this point, the price has identified another one in the zone of 1.3260-1.3270, where the price could retrace for a short entry. Let me know what you think, share your opinion, and leave a like to support our work. We would be truly grateful. Greetings from Nicola, the CEO of Forex48 Trading Academy.
XAUUSD RE-TEST BEFORE A LONG TRADE H1On gold, we have a price that has stabilized in the range of 1050-1960 after a strong rally following the US data. In fact, we have seen a truly weak dollar during the week, except for yesterday when the greenback managed to regain some ground. However, I expect a price rebound in the 1938 zone, which corresponds to the 0.5% Fibonacci level, as the price is currently at the 0.25% level, which has acted as support. Therefore, I anticipate a retracement before going long and retesting the 1965 levels in the supply zone. If you'd like, we would be really grateful if you shared your opinion and left a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
GBPCHF LONG SETUP H1 BEFORE GBP NEWSOn GBPCHF, we have a bearish setup with the price approaching the 1.1350 area where we have a breaker block, which represents a potential reversal zone for a long trade with a target at 1.1413, offering a 1:4 risk-reward ratio. Always remember to seek proper confirmations before entering a trade. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
GBPNZD LONG TRADE AFTER GBP NEWS On GBPNZD, an interesting scenario is unfolding this morning. The price has generated two demand zones with two value gaps, providing two excellent potential reversal points for a long entry. One is at the level of 2.0720, and the other is at 2.0690, where the market has already retraced twice at 23:00 and then at 05:00, indicating two entries in a timeframe that holds significance. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
NZDJPY BREAKER BLOCK ENTRY M15 On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
GBPNZD TRADE LONG AFTER NEWSOn GBPNZD, after a short setup, the price has entered a box drawn on the H4 chart with a strong reaction. Here, the price could reverse, which is why I have set a long trade with a target at 2.0650 and a stop loss at 2.0490. I would like to point out that on the M15 timeframe, the price has formed a bullish candlestick pattern with a retracement to the 50 Fibonacci level. All of this has confirmed my entry. It would be fantastic if you could share your opinion and leave a like to support our work. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
GBPJPY LONG SETUP 183.00GBPJPY presents a bullish setup with the price having reached a fair value gap around 183. At this point, I expect a rebound before a continuation to the upside with a target at 183.90 (a key level at H4 realized in 2015). It would be exciting if you shared your opinion. Additionally, it would be fantastic if you could leave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
EURUSD SHORT BEFORE FED RATES On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48 Trading Academy.
GBPUSD IT IS READY FOR A LONG SETUPOn GBPUSD, after a trade executed on Friday following the NFP release, which resulted in a 9% gain, we are currently experiencing a completely bearish market, approaching the 1.2350 area where a demand zone is located, along with numerous buying orders. Therefore, I expect a bullish pattern to emerge in that area, leading to a recovery of all the liquidity left in the market on Friday and today. The target is set at 1.2550.
Let me know your thoughts.
Happy trading to everyone.
WILL THE SPX500 REACH NEW HIGHS OR WILL IT GO DOWN?On the SPX500, we have a bullish trend and a price that, after the approval of the US debt package, could reach the 4300 area where we have a supply zone in H1. The price could bounce before going back down to the 4130 area, creating a short setup according to the Forex48 strategy.
Let me know what you think.
Happy trading to everyone.
GBPNZD LONG SETUP H1 RR 1:3On GBPNZD, we have a short setup that has halted around the 2.0529 area, where we have a strong demand on the H1 timeframe. The price might bounce upwards from here, forming a textbook long setup for the Forex48 strategy. Therefore, the long objective is to target 2.07, where we have significant volumes. Let me know what you think. Happy trading to everyone.
AUDUSD IT'S READY FOR A LONG SETUPOn AUDUSD, we have an important Point of Interest (POI) at the 0.6505 area, created by the market exiting a demand zone. Following the Forex48 strategy, the objective is to wait for a rebound in that zone for a long entry with a target of 0.6550.
Let me know what you think.
Happy trading to everyone.
CHFJPY IT'S READY FOR A LONG TRADEOn CHFJPY, we have a price located around 152.90 where we have a strong demand zone. Following the Forex48 Trading Academy strategy, I will aim to wait for a slight upward movement with the formation of a Point of Interest (POI), which is a bullish setup, and then enter a long position with a target of 155.40.
Let me know what you think.
Happy trading to everyone.