Setup
GBP-JPY Short From Resistance! Sell!
Hello Traders!
GBP-JPY went up again
From the strong move down
But at this point the pair is
Overbought so as It it
About to retest the resistance
Above at 184.000 I think
That we will see a local
Pullback and a move down
Sell!
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GBP/USD SHORT TRADE AFTER THREE H1 RE-TESTI took a position in the GBP/USD market after noticing a confirmed downside breakout below the Point of Control (PoC) followed by 3 re-tests this morning. The price closed below the level of 1.2854, and I decided to enter a short position (sell) as I believed there were good chances for the price to continue going down.
My objective (target) was to capitalize on further downside movements and profit from the decrease in the GBP/USD exchange rate. I made the trade based on what was highlighted on the chart, which indicated promising opportunities for a short trade.
USD/JPY LONG TRADE WAITING NFPOn USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we have an area with low trading volumes, and the price could rise rapidly, especially considering the Non-Farm Payrolls (NFP) data on Friday. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
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.
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.