Setups
AUDCADPotential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
EURGBPPotential ABC zig zag spotted. Looking for 20% min (fibonacci tool). Looking for entry on candle close if color stays same. Not advice.
GBPNZDWould be interesting to see if we could retrace near the 20% area on the fibonacci. Not advice.
ETHUSDA few days late on this honestly but just curious on this one and want to journal it. Wonder if price could reach the 50% to 61% price level. We did take a trade on this last night. We wanted to see if there could be more momentum to the upside in the short term before the next retracement or pullback.
USOIL (WTI Crude)We like a buy here. Not advice. Price pulled back a bit. Could possibly retrace between the 20% to 30% area. We have a stop loss set for risk management using an ATR.
AUDUSD Short or Long?On this pair, I have highlighted a very strong demand zone at 0.6570 - 0.6580. At this point, there is a possibility that the price will create an area to use as an entry point for a short or long trade. However, the possibility of a long trade does not exclude that of a short trade. Remember to look at both directions and never focus only on one perspective.
Let me know what you think.
Good trading to everyone, bye.
AUDCHF Is the short position just around the corner?On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price gives us an opportunity to enter a short position.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPNZD Long Trade?On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade.
Let me know what you think in the comments.
Happy trading, everyone.
XAUUSD Long or Short?I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade.
Let me know in the comments what you think.
Good trading to all.
NZDCHF SHORT TRADEOn NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential entry point.
Let me know what you think.
Good trading to all.
AUDCAD is there a short trade?On this currency pair, I have identified a supply zone that caused the price to drop drastically to the 0.903 area, where the price created two demand zones. The first one that was generated was subsequently broken, and this will be used as a possible entry point if the price creates a setup for a short trade.
Let me know what you think in the comments.
Happy trading to everyone, bye.
EURNZD LONG TRADEI have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade.
Let me know in the comments what you think.
Happy trading to everyone, bye.
EURNZD SHORT TRADEIn EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade.
Let me know your thoughts in the comments.
Happy trading to everyone, bye.
USDCADIn USD/CAD we have a supply that was broken this morning. The price hit my stop loss in the previous short trade. However, subsequently it created a demand that allowed me to enter a long position. Risk-reward ratio is 1:6.
Let me know what you think in the comments.
Have a nice Trading, Bye!
GBPCAD LONG TRADEIn this chart, I have identified two areas, a supply and a demand zone, which I have previously used to close a long trade. Within the supply zone, there is another area of interest that, depending on the strategy applied, will be used as a starting point for a long trade.
Let me know your thoughts in the comments.
Happy trading, bye.
EURJPY Short or Long?On this pair, I have identified a supply zone and a demand zone. The objective will be to find an entry point within the supply zone to open a short trade. If the price, instead, were to break the supply zone, I will look for a bullish setup.
Let me know what you think in the comments.
Have a nice trading!
NZDCAD Is there a Long Trade?On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.
Let me know what you think in the comments.
Happy trading to everyone, bye.
USDCAD SHORT On this exchange, I have identified a very strong supply zone. The price has bounced off this zone four times, and the last two times it has produced spikes that have confirmed the zone. As soon as the price created another supply zone within the main one, I waited for the price to bounce at that point before opening a short trade.
Let me know what you think in the comments. ù
Happy trading to everyone.
EURUSD will it clear out of congestion?On EUR/USD we have a strong congestion. I have identified two hot zones, one supply and one demand. The expectation is very simple, I will look for a short or long trade based on the setup that could be created if the price were to return within the supply or the demand. We will see... Patience is the key. Let me know what you think in the comments. Happy trading everyone, bye.
EURGBPI have highlighted a demand zone where the price made a false break and then created an additional demand zone within the main one, which I used as an entry point for my long trade.
Let me know what you think in the comments.
Have nice trading day!
AUDUSDAUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade.
Let me know what you think in the comments.
Have nice trading day!
GBPAUDGBP/AUD has a strong demand zone where the price has made many spikes. My view is bullish, and I have identified two possible entries in this zone. Patience is the key!
Let me know what you think in the comments.
Have nice trading day!
