Long-setup
EURCHF SHORT TRADE RR 1:25On EURCHF, we have a bearish setup this morning with the price declining and forming a short setup, making it an excellent entry point around 0.971 area. The trade offers a 1:25 risk-to-reward ratio, which is a great setup with the Forex48 strategy.
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Happy trading to everyone.
CHFJPY LONG TRADE SETUP H1In CHFJPY, we have a price that is descending towards the 153 area, where we have a demand zone and where the price could create a bullish setup, potentially returning to the 154 zone. This is because we have observed a significant amount of buying and selling orders both in the highlighted supply zone and in the mentioned demand zone.
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AUDJPY Long Idea H1In AUDJPY, we have a strong Yen that is driving the price to the 90.600 area, where there is a demand zone and where the market could create a bullish setup due to the significant amount of orders present in that zone. The entry is expected around 90.700 with a target at 91.600.
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Happy trading, everyone.
NZDCAD LONG TRADE RR 1:10On NZDCAD, after a significant decline caused by the increase in interest rates by the Reserve Bank of New Zealand, we have a price that has dropped to the 0.8305 area, where there is a significant validated demand zone and a long setup created in mid-April. The target for this long trade is 0.8486, with a risk-reward ratio of 1:10.
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Happy trading to everyone.
XAUUSD LONG TRADE - RR 1:3On XAUUSD, we have a primarily bullish setup that is currently retracing in the 1960 area and attempting to move back above 2000. My trade is based on the Forex48 2.0 strategy, which is a well-defined graphical configuration.
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Happy trading to everyone.
AUDUSD LONG TRADE - TARGET RR 1:5On AUDUSD, we have a bullish setup this morning with a trade that started after defining a point of interest (POI) overnight, which is a bullish setup. The objective is to wait for a bounce around 0.6620 or enter around 0.664 if a bullish setup forms. The target is in the 0.76 zone.
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Happy trading to everyone.
Forex48 Trading Academy
EURGBP TO THE MOON - SETUP H1EUR/GBP shows a neutral structure with a price ranging between 0.8730 and 0.8670. The Forex48 strategy has identified a bullish setup for a long entry within a demand zone around 0.868, with a target of 0.8730.
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Happy trading to everyone.
Forex48 Trading Academy
NZDCAD Bullish Setup H1 - RR 1:3NZDCAD has formed a bullish structure since Tuesday, May 16th. Currently, we have a price that has established a demand zone around the 0.84 level, creating a bullish setup highlighted in yellow around 0.842. The objective is to enter a long trade with a target of 0.85.
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Happy trading to everyone.
GBPCHF Short setup H1 after newsOn this pair, we have a clearly bearish price with an excellent entry point identified around 1.2550. The objective is to wait for a textbook retracement before entering short. I remind you that I am following the Forex48 strategy.
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Happy trading to everyone.
Forex48 Trading Academy
NZDUSD Long Setup H1 after USA news!NZDUSD is presenting a bullish setup, today the price has risen after the release of US inflation data. Currently, the price is located within a supply zone around 0.6370. My plan is to wait for a retracement to the 0.6340 area where I have marked a point of interest (POI), and there I will look for an entry point for a long trade. The trade target is set at 0.6390.
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Happy trading, everyone.
GBPNZD Short Setup H1On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97.
Let me know what you think.
Happy trading, everyone.
Forex48 Trading Academy
EURJPY Waiting for a LongThe ECB raises interest rates and what does the euro do? It drops drastically, especially against the EURJPY exchange rate, as we have the yen as the second safe haven currency after the CHF. My objective is to wait for the price to reach the 146.50 zone where there is an excellent demand zone. The area was identified through the 3H + 45M strategy. We will see if the market meets expectations. The objective is Long with a target of 150.
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Good trading to everyone.
Forex48 Trading Academy
EURUSD Waiting for NFP In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased.
Let me know your thoughts.
Good trading to everyone.
Forex48 Trading Academy
GBPAUDGBPAUD after a retracement has a potentially bullish trend breakout. In my analysis, I have identified a support zone between the 38% and 50% Fibonacci levels, which the price has breached, generating a fake low. After the price has returned above the support zone, it could push upwards to touch the previous highs.
Let me know your thoughts in the comments.
Happy trading and have a great day.
DXY 15min alternative outlookFollow up from our last DXY post, this is our smaller time frame possibility if we don't break out of this range!
not a huge amount to add to this, very simple setup just an alternative to our bigger bias overall.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 26th marchEURUSD - As you can see from the chart, the setup for this week is quite similar to the others we have posted. Any setup involving the US dollar appears to have a comparable outlook, assuming the price moves as we anticipate. My current plan is to look for an immediate push towards the supply area above, followed by a continued drop. If we do not see a reaction at that supply level, I will then consider the supply level above that. Ideally, I would like to see a new low formed before we push towards this supply level, but given the major downtrend, I prefer to capture the move before it passes us by. In the event that these areas do not pan out and we instead reach a new high, we will consider buying opportunities outside of the range. However, my overall sentiment is bearish.
As always, we'll be closely monitoring market openings and adjusting our strategy accordingly. The areas of supply above look particularly attractive for potential sales, as there is clear imbalance and momentum coming from the downside. Additionally, we have a major swing low that has yet to be tested, as well as a major swing high, creating opportunities for trades between these areas.