Short-trade
AUDUSD SHORT TRADE SETUP H1 The AUD/USD pair is showing a strong recovery after a minor correction near 0.6840 during the European session. Investors eagerly await the release of the Reserve Bank of Australia (RBA) minutes and the interest rate decision by the People's Bank of China (PBoC).
Meanwhile, caution prevails as S&P500 futures recorded losses in Asia due to an extended weekend in the United States. Nevertheless, overall market sentiment remains positive, with a widespread belief that the Federal Reserve (Fed) will not raise interest rates more than once by year-end.
The US Dollar Index (DXY) is under pressure, dropping to around 102.30, reflecting growing investor optimism about the US economic outlook. Encouragingly, the University of Michigan's preliminary Consumer Sentiment Index for June surpassed expectations, reaching 63.9 compared to the estimated 60.0 and the previous release of 59.2.
The prevailing market optimism is fueled by declining gasoline prices, which have contributed to a softening of both producer and consumer inflation. Consequently, market participants are confident that the Fed will proceed cautiously with interest rate adjustments, despite Fed Chair Jerome Powell's confirmation of two small rate hikes.
All eyes are now on the upcoming release of the RBA minutes scheduled for Tuesday, as they will provide valuable insights into RBA Governor Philip Lowe's decision to raise interest rates by 25 basis points (bps). Additionally, guidance on future interest rate adjustments will be of utmost importance to investors.
Equally significant is the PBoC's interest rate decision, which is expected to take a dovish stance as the Chinese economy actively stimulates economic activities. It's worth noting that China is Australia's largest trading partner, and an economic recovery in China would strengthen the Australian Dollar.
Stay tuned for the latest developments in this dynamic trading landscape as the AUD/USD pair sets the stage for potential opportunities.
Nicola, CEO of Forex48 Trading Academy
AUDJPY: Swing Short From Supply Area!
Ladies and Gentelmen,
Here I present you a short
Trade from the supply level
We need to wait for the pair
To go a bit higher so this
Will be a limit order.
The details are below:
Entry Limit: 98.000
Stop Loss: 98.713
Target: 96.500
❤️Please, support our work with like & comment!❤️
GBPUSD SHORT SETUP IS COMING On GBPUSD, we have a bearish setup after the news on the dollar and the possibility of a debt ceiling bailout. We have a price that, after forming a demand zone at 1.23200, rose towards 1.2440 where we have a supply zone with a highlighted short setup in blue. I will be looking for an entry point there.
Let me know what you think.
Happy trading to everyone.
TRADE OF THE DAY | COTI | Looking like an easy 8.2% ShortTRADE OF THE DAY | COTI | Looking like an easy 8.2% Short
| TARGETS ON THE CHART |
Not a crazy complex trade set up here a key rejection from the 20 Daily EMA along with a strong bearish divergence showing with a conservative target to the most recent strong support. Fortunately the Stop lines up nicely with the most recent swing high too for a 1:1 R:R.
GBPNZD SHORT SETUP H1On this, we have a bearish setup that overnight created a zone of interest for a short trade within a supply area around 1.9960. The objective is to wait for a bounce in that highlighted yellow zone and then enter a short trade with a target of 1.98. Pay close attention, as after days of congestion, the market seems to be showing some momentum.
Let me know what you think.
Happy trading to everyone.
#KLAY | Short | Trade | Set-Up| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
#KLAY | Short | Idea
Entry conditions
| Bearish Signal
| Broken down on range
| Rejected from 20 Daily EMA
| Untested Weekly Pivot - Beware
| Lost Key Support
| Lost Key support and trenline on CVD
#KAVAUSDT | Short | Trade Set-Up#KAVAUSDT | Short | Trade Set-Up
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
Entry Conditions
| Bearish Signal
| Watch out for untested weekly pivot
| Breakdown on key support and retested
| Retraced nicely for a better entry
| Bearish Divergence
| Broken CVD Trenline & Support
#MINAUSDT | Short | Trade Set-Up#MINAUSDT | Short | Trade Set-Up
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
Entry Conditions
| Bearish Signal
| Beware of untested weekly pivot
| Key breakdown on support
| Trendline & Support CVD Breakdown
| Oversold so retrace expected
#GALAUSDT | Short | Trade Set-Up | Video#GALAUSDT | Short | Trade Set-Up | Video
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
Entry Conditions
| Bearish Indicator Signal
| Concern over the untested weekly pivot for a retrace x 2
| Broken Key Support
| Broken multiple CVD supports
#GALAUSDT | Short | Trade Set-Up#GALAUSDT | Short | Trade Set-Up
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
Entry Conditions
| Bearish Indicator Signal
| Concern over the untested weekly pivot for a retrace x 2
| Broken Key Support
| Broken multiple CVD supports
#XRPUSDT | Short | Trade Set-Up| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
#XRPUSDT | Short | Trade Set-Up
Entry Conditions
| Watch out for the 200 Daily EMA support
| Bearish Signal
| Broken the 50 Daily EMA and retested and reject from the 20 Daily EMA
| Broken down on key trendline
line and market structure
| Broken down on CVD trendline
#COREUSDT | Short | Trade Set-Up| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
#COREUSDT | Short | Trade Set-Up
Entry Conditions
| Bearish Signal
| Trading under the 20 Daily EMA
| Breaking good support
| Broken CVD Trendline and retested
| Moving Oversold so watch out for bounce
#GALUSDT | Short | Trade Set-Up#GALUSDT | Short | Trade Set-Up
Entry Conditions
| Bearish Signal
| Rejection from the 20 & 50 DEMA
| Might Retest the Weekly Pivot so be careful
| Broken CVD Trendline & Not Oversold
| Bearish Divergence
#RNDRUSDTPERP | Short | Trade#RNDRUSDTPERP | Short | Trade
Entry Conditions
| Bearish Divergence
| Indicator Signal
| Room to move down before 20 Daily EMA is tested again
| Untested Weekly Pivot
EURCHFOn this exchange, the price has just broken through a strong demand zone and subsequently retraced to a supply zone that the price generated within that main one. My view is highly bearish so I entered a short position with a 1:4 risk-reward ratio target.
Let me know what you think in the comments.
Have a nice trading day!