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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.
Long
by Forex48_TradingAcademy
2
GBPJPY to stem dip?GBPJPY - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. Previous support located at 179.92. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 180.00 (stop at 179.20) Our profit targets will be 182.00 and 182.40 Resistance: 182.50 / 184.00 / 186.00 Support: 179.10 / 176.70 / 172.10 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.
Long
by OANDA
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.
Long
by Forex48_TradingAcademy
1
Will AUDJPY find buyers at market?AUDJPY - 24h expiry Trading within a Corrective Channel formation. We look for price action to stay within the channel formation today. Risk/Reward would be poor to call a buy from current levels. A move through 95.50 will confirm the bullish momentum. Short term RSI has turned positive. We look to Buy at 94.70 (stop at 94.25) Our profit targets will be 95.90 and 96.20 Resistance: 95.50 / 96.00 / 96.50 Support: 95.00 / 94.75 / 94.50 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.
Long
by OANDA
AUDUSD to turnaround from current support?AUDUSD - 24h expiry We are trading at oversold extremes. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to buy into dips close to the 0.6650 level. We look to Buy at 0.6650 (stop at 0.6620) Our profit targets will be 0.6725 and 0.6750 Resistance: 0.6725 / 0.6810 / 0.6890 Support: 0.6620 / 0.6460 / 0.6380 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.
Long
by OANDA
Thursday Daily Candle Incoming 🤯--> Continuation ( 6 minutes video 😎 ) As We approach the end of the week, We may observe alot of momentum! My mentors always told me that the market is setting up early in the week. The avalanche later in the week will provide plenty of opportunity for the disciplined trader to implement a trading system. Price was at 1.08892 during our last publishing 24 hours ago. Price consolidated during Asian and London Sessions before gaining enough liquidity to see a breakout to the downside. Price is currently headed towards 1.08384 where we may see a bounce as we head into london session. If not then price is headed towards 1.081 4hr support zone as our next bearish target. Price has confirmed a breakout to the downside and I'm anticipating a pullback before my sells. If not then I anticpate a pullback with our 4 news releases tomorrow durng new york session. We could see all three sessions be bearish and it s thursday so I wouldn't be surprises. Must keep this in mind and plan for every scenario. I've outlined that good pullback prices look to me to be arouns 1.08628-1.0875 I've already met my weekly goal of 2% and I am quite a happy camper. 2 Weeks ago I recall I was up about 2.5% (.5% more than my goal) and I trade on a friday where I proceeded to give back 1/3 of my profits on the week. What a sour taste it left in my mouth to end off the week! Don't want to do that again so I will be publishing ideas and content for my channels to end off the week. If you enjoyed the Video Analysis, please let me know by leaving a Rocket or comment! -- ShrewdCatFx
Short
by ShrewdCatfx
4
EURUSD SHORT SETUP M15 + H1 BEFORE NFPOn EURUSD, we have a bearish setup with the price currently at the lower end of a channel. I expect a retracement around the 1.0876 area, where we have a significant gap on the H1 timeframe within a supply zone. Before entering, I will wait for price confirmation on both the M15 and H1 charts. Then, I will assess the short entry with a target at 1.0830. 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.
Short
by Forex48_TradingAcademy
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.
Long
by Forex48_TradingAcademy
2
USDCAD LONG SETUP BEFORE FOMC + OPECOn USDCAD, we have a bullish setup with the price retracing to the 1.3226 area, touching a minor demand within the main demand zone. I have used this level as a possible entry zone with a target at 1.33. With the upcoming OPEC and FOMC events, the dollar could potentially have a bullish push this morning, considering also the DXI, which appears to have a bullish trend. It would be fantastic if you could share your opinion and give a like to support our work. Greetings and have a good day of trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
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.
Long
by Forex48_TradingAcademy
EURNZD SHORT VIEW AFTER NEWS - POI H1On the EUR/NZD pair, we have a bullish setup. At the market open, the New Zealand dollar appears to have gained strength after the release of AUD data. The objective of this trade is a retracement around the 1.77 area, where we have a point of interest (POI), specifically a supply zone within another supply zone. The target is 1.7547 with a risk-to-reward ratio of 1:2.5. It would be fantastic if you could share your opinion and support our work with a like. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry Prices stalled near resistance and reversed lower. Trend line resistance is located at 1.0920. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Momentum is flat, highlighting the lack of clear direction. We look to Sell at 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0834 Resistance: 1.0920 / 1.0940 / 1.0950 Support: 1.0900 / 1.0850 / 1.0840 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.
Short
by OANDA
1