EURUSD 30/7/23Here we have Euro USD with a pretty similar setup to British pound to the US dollar the only difference with this is the POI sits slightly higher within our range still in the London session on Friday with clear imbalance and of course this is a representation of the 5 minute time frame that we have to show it to you on a 15 minute so please take a lower look down on your own chart. we're looking for this to go bullish in the first half of the week and we're looking for it to shift bearish. I personally anticipate it to create a very small range which will break lower giving us a bearish narrative but until then as always we will follow price and as it delivers!
Short-long
EURAUD I Brief short and break of rangeWelcome back! Let me know your thoughts in the comments!
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USDCHF I Brief short and break of neckline Welcome back! Let me know your thoughts in the comments!
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EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
GBPNZD SHORT SETUP AFTER EURO NEWSOn gbpnzd, we have a bearish setup after the trendline breakout this morning following the Eurozone PMI data. The price is heading towards the 2.0485 area, where we have a POC (Point of Control), which is a specific entry point for a long trade if the price reaches and bounces from the POC, representing the highest concentration of orders. In that zone, the market could rebound with a target at 2.0850. Leave a like to support our work, comment, and share your analysis. Greetings from Nicola, the CEO of Forex48 Trading Academy.
GBPUSD - Shorts!GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG.
This is not financial advice.
Do your own due diligence.
Longs are then to be expected as COT increases in long positions.
GBPUSD LONG TRADE - STRONG GBP NEWSOn GBP/USD, we have a bullish setup after Friday's news and a market that could potentially go further up after tomorrow's news on the pound. Currently, we have two value gaps, which represent two possible entry zones: a short trade within a highlighted red supply zone and a long trade within a highlighted green demand zone. The perspective is currently long, but everything could change. Remember to always wait for operational confirmations before entering the market. It would be fantastic if you could share your opinion with us and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
NZDUSD WAITING LONDON SESSIONOn NZDUSD, we have a point of interest at the level of 0.6170 where the price has formed a breaker block and a poi (point of inefficiency). In the case of the breaker block, I am waiting for confirmation for a short entry during the London session. In the case of the poi, I am waiting for a retracement that is confirmed by volume to go long with the objective of recovering all the inefficiency created by the market after the US news yesterday. It would be fantastic if you could share your opinion. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
XAUUSD LITTLE SHORT BEFORE A LONG On XAU/USD, we have a bearish setup with a strong dollar following the news. The price is approaching the 1905 zone where we have a significant value gap that could lead to a reversal and a strengthening of gold, resulting in an increase towards 1948. Just below that area, we have another potential reversal zone identified on the H4 timeframe, with a demand zone on the H1 timeframe within it. The plan is to wait for the price to near the value gap, confirm the candle pattern on H1, and if there are positive confirmations, enter the 1905 zone with a stop at 1895 and a target at 1931.
We would appreciate it if you shared your opinion and gave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
GBPCHF I Brief pullback and more upsideWelcome back! Let me know your thoughts in the comments!
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19/06/23 Weekly outlookLast weeks high: $26887.5
Last weeks low: $25836.5
Midpoint: $24785.5
Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend.
A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below.
The midpoint from last week controls the bias for me, I think price will find itself there this week and if it drops below and reclaims then the highs are next target.
If price consolidates above the midpoint ands drops below I think we break down towards weeks low and continue trend.
AUDJPY I Wait for bearish confirmation Welcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
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GBPAUD I The best areas to trade right nowWelcome back! Let me know your thoughts in the comments!
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BTC to the HOLY TARGETAfter breaking down our current trend in the monthly timeframe, we experienced a fake break above the trend during the re-test process, but the price has fallen under the trend again. We can expect a pin below $10K, an accumulating price in the FWB:12K - FWB:14K range will easily take us to the Holy Target.
APTOS TOKEN UNLOCKAPT has a token unlock fast approaching, 0.45% of the total supply (4.5m APT) is to be unlocked at 0.5:30 UTC on 12th June 2023.
Here are my thoughts going into this event, how I feel the market will react as well as key areas to look out for.
Firstly looking back to the latest APT token unlock back in January. We saw initial sell side pressure as new tokens flood the market, a gradual decline in price throughout the day ending in a -9% drawdown. However the days that followed were very bullish, with APT climbing approximately 40% the following week post unlock.
This is not unnatural price movement during an unlock event, so although not guaranteed, we can assume similar will happen this time too. As the chart shows price is currently following a triangle pattern capped by a local high of $9.00 that is being tested as I write this post. Just above is a bearish orderblock created by a price action imbalance and happens to create a good midpoint for the short term range we find ourselves in. This area will be a large obstacle for APT and in my opinion will cap off the short term rally we have had going into the unlock.
Then as we approach June 12th, price sells off temporarily due to high sell side pressure of a large influx of new coins. Before buyers react and look to attack that midpoint once more with new buyers that happily bought lower during the unlock event, perhaps using the 4H 200ema as new support that has now upturned and looking bullish.
These are just my thoughts on the upcoming event, in reality nobody knows what the future holds however the past can be used to learn from.
DYOR
NFA
BTC Daily Trade Idea In light of the new SEC/Binance news BTC fell off a cliff towards the midpoint of the 4H mini-range we have shown. In the middle of this range there's a bullish orderblock that I think could cap off the downside from this news. This is the first potential trade in my opinion after breaking lower and continuing the new downtrend.
2) The second potential trade is the reaction off the bullish OB and back up to the initial breaker, for me if we sweep liquidity of the supply zone and get back under, then we continue the downtrend and that leads to the third trade idea. Longing against the trend and news could be dangerous so this is quite risky.
3) The third and largest trade idea for BTC is the swing fail pattern confirming a downtrend and lack off confidence. That coupled with traditional markets such as the SPX & NASDAQ climbing higher but due a correction, I can see a retest of lower down, filling all the inefficiency and potentially marking the end of the bear market rally.
WILL THE SPX500 REACH NEW HIGHS OR WILL IT GO DOWN?On the SPX500, we have a bullish trend and a price that, after the approval of the US debt package, could reach the 4300 area where we have a supply zone in H1. The price could bounce before going back down to the 4130 area, creating a short setup according to the Forex48 strategy.
Let me know what you think.
Happy trading to everyone.