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EURNZD 13/8/23EN giving us an untradeable range here for a bullish move higher, not for what we have we will simply wait for a break as our overall bias is unclear, we did have a signal on Friday for possible downside so we will keep this in mind coming into this week, if our London open gives us a sort bias again we will look to follow that for our first entry of the week. until then we need a clear break out of our range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. 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!
by PipSurfingSociety
1 MILLION DOLLARSHello Everyone, MrBanker is here. This is a stock-to-flow analysis for Bitcoin. This model incorporates the relationship between the circulationg supply and the total number of mined bitcoin on that particular year. This theory has been proved to be true during the life span of bitcoin. Accordingly, It is expected for the price to reach 1 Million $ starting from early 2024. However, the possibility for this outcome might be seen in the late 2028 as well. If you want to become a millionere without a doubt, just but 1 BTC. Trade Safe, MrBanker
INDEX:BTCUSDLong
by Mr_Banker
8
USDJPY 24th july US dollar to the Japanese yen gave us a pretty similar scenario to the British pounds of the Japanese yen we broke bullish providing a huge range powered by news and fundamentals we now have located the lowest half of the range with our unmitigated order block we are looking for price to run back to this order block and continue pushing higher. Based off of the price action we have seen in Monday's session I am not expecting this to pull back to our poi I am expecting this to run the high though and continue moving higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. 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!
Long
by PipSurfingSociety
USD/CHF LONG TRADE SETUP H1 BEFORE FEDIn the USD/CHF currency pair, we have a long setup after the price has broken the high at the level of 0.8680. From here, the price could move towards 0.88 since this upward movement has little resistance and is full of inefficiencies. In other words, the market has dropped too quickly, and usually, within 10-20 days, it tends to fill this gap. This is also in view of the Fed's potential interest rate increase of 0.25%. Let me know what you think. Share and like this post. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
XAUUSD Daily timeframe breakdownWith London now closed and New York slowing down after PMI news it's always good to get a broader view of how the day will end, and what the key levels are to keep an eye on going forward. The 1938 level remains the most critical level as it could act as a support level for price to retest before continuing up towards 2000. However, should this support fail to hold then 1902 would be the next target with potential of moving further down. On the bullside; should we have a daily close above 1962 we can expect another run up towards 2000.
OANDA:XAUUSD
by FriesianFX
EUR/AUD BULLISH AND BEARISH SETUPSOn EUR/AUD, we have a bearish setup following the overnight Australian Dollar data. Currently, there are two setups: Break of demand zone with a retest of the same before continuing short towards 1.63. Retracement in the 1.6540 area, where we have a Fibonacci Vertical Grid (FVG) and a Forex48 block. The latter represents a potential zone for a short entry. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
EUR/USD DOUBLE SETUPS BEFORE US RATESOn EURUSD, we have a bearish setup that is approaching the 1.1150 area, where a price reversal could occur as we have a FVG (Failed Vertical Gains). However, the price could retrace first to the 1.1217 area, where we have a Forex48 block, indicating a potential zone for a short entry. In both situations, we need the appropriate confirmation before entering the market. Let me know your thoughts in the comments. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney
1
17/07/23 Weekly outlookLast weeks high: $ 31843.6 Last weeks low: $30858.7 Midpoint: $29873.8 Post CPI week and BTC finds itself back within the same local range despite some very positive news coming from the SEC VS Ripple case. Alts rallied upon the news but BTC was capped at 31.8K, still short of the 32.5k target. I do believe that was bitcoins best chance to break above the range, the daily close on Friday 14th was a bearish engulfing and that is a worry for the bulls as all the progress from the SEC news got retraced and some... This could be the start of bitcoin unwinding should we lose the range bottom around 29.5k, the target would be to fill the inefficiency FVG around 27k before another attempt at that local high.
by ProR35
GBPUSD LONG SETUP IN H1 - BIG US NEWSOn GBP/USD, we have a bullish setup in the weekly timeframe, with a very weak dollar and a strong pound following the economic news. Currently, we can observe a small price correction heading towards the 1.30 zone, which is rich in potential reaction points. In fact, we have a demand zone with a value gap and a Forex48 Block. At that point, upon confirmation, I will look for a long entry. 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.
Long
by EdgeTradingJourney
A GPTUSDT SCALP!BYBIT:GPTUSDT.P I absolutely love seeing candles, pressure, and shapes like this... to me (NOT CERTAIN) this is a nice crater on the lower timeframe to start a brand-new bottom. Now! I obviously done my research heavily! I had tons of other ideas to pick from but today this chart is most clean on that 15M timeframe. so, I picked this up off of a reaction of a higher timeframe and to me this reaction is exactly what I look for in a trade look it may not pick me up but at least im prepared and ready to move on ALREADY. Thanks guys.
G
by RPMWealth-Capital
10/07/23 Weekly outlookLast weeks high: $ 31542.8 Last weeks low: $30610.1 Midpoint: $29677.4 Previous weeks price action tells an interesting tale. Beginning the week precisely on the midpoint of the week and ending on the 0.25 line. The choppiness from last week follows a similar pattern to weeks previous, the target for the bulls of 32.5k and above is still in sight. Last weeks new local high of 31.5k took out the previous local high but has now printed a swing fail pattern (SFP). With CPI on Wednesday this could be a high volatility event to get to that 32.5k wick and take liquidity in the supply zone. Just an idea. As of now there is quite a large FVG at around 27k and this should be the bears target. I think this has an equal chance of happening as the 32.5k, however, losing 29.1k and acceptance below that level will increase the possibility of that happening and the added confluence would prompt me to look to go long around that 27k level. We will see once we get there. Good luck to everyone this week!
by ProR35
BTC ANALYSIS 11/7/23BYBIT:BTCUSDT.P Although we are sitting at quite a large order block on the bearish side of things BTC has given us the impression to NEVER count it out. In the last 4HR candle we came to the upside which them confirms a double bottom sitting right on that 100EMA line. I'm no Psychic but I like what I see for some long trades with some nice added amount of leverage to execute over the lower timeframes as I keep saying over and over again. this is just a game about finding support. PRACTICRS FOR 'ZEAL' Zeal meaning: Zeal - The inner flame that burns brightly for all to see. A person without zeal is like an engine without steam. *When you're feeling sick of being patient, be more patient. *A bundle of losses doesn't matter if you keep consistent. So, they ^ are my PRACTICES FOR 'ZEAL' for this idea which i will surely be doing on all of my posts from now on Thanks guys.
by RPMWealth-Capital
EURCAD I Key resistance broken and more upsideWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
26
XAUUSD NEUTRAL WAITING NFPOn XAUUSD, we have an uptrend as highlighted by this trendline, which has been touched three times and the price could potentially touch it for a fourth time before continuing the upward movement, breaking out of this supply zone towards 1950. However, the price could also decline by breaking the trendline and subsequently retesting it before falling to 1890. Please share your opinion and support our work with a like. Happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSD
by EdgeTradingJourney
1
gbpjpyGBP/JPY has successfully broken out of its bearish range following the news events on Friday. As a result, we will now shift our focus to identifying bullish setups. Although the price action isn't optimal based on the close, we have a swing range that presents buying opportunities. However, it's important to note that there are some significant red-flag news events scheduled for this week. Consequently, we will exercise caution and avoid trading setups that are too close to our entry points and coincide with the news releases. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. 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!
by PipSurfingSociety
GBPUSD LONG TRADE AFTER NEWSOn GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support level of 1.2616. Otherwise, I will keep it open and we will see how the situation evolves this afternoon with the US data. It would be fantastic if you shared your opinion and left a like to support our work. Happy trading to everyone! Danicola, CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
1
CADCHF POI OF REACTION FOR A LONG 0.6870On CAD/CHF, we have a price at 0.6870 where, according to my analysis, it appears to be consolidating before a potential upward move. I believe it could be a long position since we have a price with favorable volumes and a price that has retraced within our reaction point. The target is a simple 1:3 risk-reward ratio, as we have an equal amount of selling volumes at the supply zone around 0.6815 where the price could react. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
3