Setups
GBPAUD Bullish Setup H1GBPAUD currently has a slightly bullish setup this morning after a strong decline last week. The objective is to wait for the trade at 1.8630, where there is a demand zone with three confirmations and a bullish setup for market entry in the highlighted yellow area.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
CADJPY Two potential bearish setupsOn CADJPY, we have a bullish setup since Thursday. Currently, the price is around 100.70 and rapidly ascending. The expectation is for a bounce around 100.95, where we have a supply zone with a bearish setup identified by the Forex48 strategy. In addition to this potential entry, we have another one around 101.60. Both entries look promising; we will see which one the market favors.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
GBPCHF Attention RR 1:12On this pair, the price is ascending towards the 1.1145 area where we have a demand zone that aligns with the setup of the second strategy Forex48 2.0. The objective is to wait for a bounce in this zone and enter a long position with a target of 1.1291.
Let me know in the comments what you think.
Happy trading to everyone.
EURUSD Long TradeOn EURUSD this morning, there was a breakout of a high within a demand zone. According to the Forex48 strategy, a bullish setup has been created for a Long entry with a target of 1.10.
Let me know what you think.
Happy trading to everyone!
DOT Watchout for Resistance LvelDOT is near its Resistance level at $5.65. There is 2 Possible scenarios, Yellow and Red.
Yellow: DOT created double top pattern and if $5.65 Resistance will be broken it can move to its next Resistance as a trend line + EMA 200 from where I am expecting a continuation of bullish trend.
Red: Coin's price will keep moving inside the triangle until we eventually will see a break out.
In both scenarios DOT has the next target at $7.3.
Trade safely.
XAUUSD Ready for the big news tomorrow!
On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in case of a short trade.
Let me know what you think.
Happy trading to everyone.
EURCHFLooks like we've spotted an impulsive wave to the downside recently. We "might" be in the corrective part of this wave so we would like to see a retest up to wave A. Looking for a fib retracement of up to 50% or more. Not advice.
AUDNZD Ready for short this night!On AUDNZD, we have a price that is consolidating around 1.0631, where it has formed a supply zone. The objective will be to wait for the price to rebound around 1.0660, where there is a supply zone with a Point of Interest (POI), indicating where the price has formed a short setup.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
NZDJPYPotential Wave 5 Retracement. Wave 5 looks to be close to being complete. Looking for a retracement or pullback anywhere between 15-50% of the fibonacci retracement. Not advice.
GBPUSDPotential "ABC" wave pattern spotted. Looking for a retracement or pullback to reach anywhere between 15-50% or more. Not advice.
EURCHF The Short is coming!EURCHF is pushing downwards after the ECB's interest rate hike, with the euro weakness and strength of the Swiss franc considered the ultimate safe haven currency along with the yen. The objective now is to wait for it to drop to the 0.9710-0.9730 zone before considering a long or short scenario.
Let me know your thoughts in the comments.
Good trading to everyone, bye.
Forex48 Trading Academy
GBPCHF Forex48 Strategy - Long SetupGBP/CHF presents a bearish scenario with a price approaching a demand zone created last week following a breakout of a triple candle high at H1 and M15, which is my personal strategy. The objective is to wait for the price in the 1.1084 area with a target of 1.12. Long Trade with RR 1:6.
Let me know in the comments what you think.
Good trading to all.
Forex48 Trading Academy.
USDCAD Finally the Short Momentum!On USDCAD, we have a great bullish moment that is bringing the price to the supply zone. At 1.365 area, we have a strong resistance zone. At that point, I identified a POI that could be my entry point to the market with a target of 1.3538. RR 1:6.
The trade is very risky because the interest rate data will be released in 4 hours.
Let me know what you think. Good trading to all, bye.
Forex48 Trading Academy.
EURNZD Long Setup H1On EURNZD, we have a price that has just broken the previous highs, effectively creating an entry zone within the demand, which is a strong support zone. The objective is to enter long with a target of 1.78.
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
USDCHF Is there a Long?On this pair, we have an excellent Demand zone in which the price could create a bullish setup, and then we could position ourselves for a long trade. Perhaps in anticipation of tomorrow's data, which predicts a rate hike that will occur 99%, it could push the dollar higher and bring some strength back to the currency that has lost a lot of ground in the last three months.
Let me know what you think.
Have a nice trading.
Forex48 Trading Academy
CHFJPYWe like a buy short term here. Possible 5 wave count spotted. We would like to 38% to 50% of previous high. Not advice. Faster timeframe Trying something different.
nzdusdwe like a short here intraday. not advice. we would like to see 38%-50% retracement of previous low. Potential 5 wave pattern spotted.
USDCHF Short o Long?On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone.
Let me know what you think in the comments.
Have a nice trading.
Forex48 Trading Academy
XAUUSD Long TradeOn gold, I have identified a long opportunity. After examining the asset, I have set my strategy to enter on 25% of the demand zone if the price breaks the previous high with three consecutive bullish candles in both H1 and M15 timeframes.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
Spy FuturesWe like a sell near this price level. Potential "ABC" Zigzag spotted. Would like to see a retracement of 20% or more. Not advice.
AUDCADPotential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
