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GBP/CHF SHORT SETUP AFTER BOE NEWS I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position. Furthermore, after the interest rate hike in the UK and statements from the Bank of England's President, we have an additional motivational factor to short the British Pound (GBP). Please let me know your thoughts on this analysis. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
3
Mechanical Consistency; Gold (XAUUSD) Trade Review for 01 AugHi, This is a trade review for 01 Aug 2023. Here are some details for the trades. OANDA:XAUUSD 1-hour time frame 2% per trade 1 loss, 1 win (trade still open with take profit 1 achieve) Net -1% currently. Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Tuesday, Gold fails the upward push and falls below the market structure, triggering and losing my first trade. Luckily, the price is able to hold at my 2nd trade level. Retracing back to my first take profit level, recovering half of my loss. The 2nd is currently still open with 0 risk running. As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I adopt the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making. Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 21 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades. If you are interested to learn my strategy, please visit my blogging site, link in BIO. Thank you!
OANDA:XAUUSDEducation
by Barry_Games_Trading
USD/JPY BULLISH SETUP WITH ENTRY POINTOn USD/JPY, we have a bullish setup across all operational timeframes. The market experienced a strong impulse around 139. Now, our objective will be to wait for a retracement to around 141.50, where we have a trendline support and a Fvg confluence zone. There are excellent possibilities for the price to bounce and resume its upward movement. Remember always to wait for operational confirmations. Personally, I look for opportunities on the M15 timeframe. Let me know what you think. Happy trading to all! - Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
Mechanical Consistency; Gold (XAUUSD) Trade Review for 31 JulyHi, This is a trade review for 27 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 2 Solid Wins, net around +5.5% Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Monday's trading was exceptionally successful with both trades yielding outstanding results. The first trade was executed flawlessly, experiencing minimal drawdown before quickly hitting its target for a satisfying profit. The second trade was triggered right after the first's successful exit and continued its momentum into Tuesday morning, reaching its initial take profit level. However, due to the potential impact of the ongoing trade on the new setup, I had to make a prudent adjustment to the second trade's take-profit level. As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I adopt the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making. Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 200 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades. If you are interested to learn my strategy, please visit my blogging site, link in BIO. Thank you!
OANDA:XAUUSDEducation
by Barry_Games_Trading
CHF/JPY SHORT SETUP AFTER BOJ WARNINGSOn CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
AUD/CAD SHORT TRADE H4 SETUPI went short on this pair following a specific candlestick pattern and a support/resistance zone on the H4 timeframe. I identified an engulfing candlestick pattern on the 4-hour chart, suggesting a potential change in market direction in favor of my short trade. Furthermore, I noticed that the price has returned within a box that previously acted as both support and resistance. This led me to believe that the market might continue its bearish trend. Here are my entry point, stop loss (SL), and take profit (TP) levels: Entry point (short): 0.8820. Stop loss (SL): 0.8881. Take profit (TP): 0.8715. This is just one of my trading strategies based on candlestick analysis and support/resistance levels. However, the market is always unpredictable, and trades involve risks. I maintain a strict risk management approach and am ready to adjust my stop loss and take profit as the trade evolves. Please note that this information is provided for educational purposes only and does not constitute investment or trading advice. I encourage you to conduct further analysis and make informed decisions based on your financial situation and trading experience.
Short
by Forex48_TradingAcademy
XAUUSD SHORT SETUP BEFORE NFPOn XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the expected scenario is a strengthening of the dollar, causing the price to decline to around 1950 in the second scenario and 1910 if the price reverses in the first transparent block. Therefore, the price could potentially break the bullish trendline. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
2
LDMR (Long Derivative Mean Reversion)(LDMR)Long Derivative Mean Reversion is primarily a tool for measuring risk and capital efficiency. It's secondary functions include identify outliers in the assignment value of derivatives, maintaining a price target and producing trade placement recommendations. This strategy has one simple input: the symbol of a correlated asset or index. It is recommended to use leveraged indexes in this input because they have a higher derivative correlation with those of round lots of the underlying. When using this strategy you should always adjust the initial capital to what it will cost you to control 100 shares of the security. If you intend to purchase shares then that value is 100x the close price. if you intend to purchase call options to resell for premiums you use the initial premiums paid for the calculation. If you intend to create a synthetic position you should add all deployed capital together, and that calculation will remain accurate until the max profit limit of your short option is reached. Pyramiding is supported for trade placement. You should always review the historical depth and before placing the first trade ensure you have enough capital to cover the largest of those positions. Otherwise your results may be entirely incomparable to the risk and capital efficiency estimates the tool provides. Let me know what you think. I am considering a private publishing and want to know what this is worth!
NYSE:LLY
by KYLEFLYNN
GBP/USD SHORT SETUP AFTER US GDPOn GBP/USD, we have a bearish setup after the US GDP data surprised expectations, causing the dollar to gain strength. Following two days of meetings between the Federal Reserve (Fed) and the European Central Bank (ECB), the market has finally broken out of a trading contraction and regained its normal volatility. Currently, I anticipate a minor price retracement to the level of 1.2835, where we have a 'forex48 block,' a point of high sensitivity where the price could reverse direction and move downwards towards 1.26. Once the price returns to the 'block' level, I will wait for the appropriate confirmations before entering a short position. Have a good evening from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
6
27th JULY Response of my levels COMMENT ME ABOUT MY LEVELS After 10:30am Candle we have seen the Break Down at 46180 level Then entry point is 46100 level with the stoploss of 46180 TARGETS - 45940,45800,45640 T1 Reached in 11:15am candle T2 Reached in 12:45pm candle T3 Reached in 2:30pm candle After break down we got all our targets fastly Are you guys satisfied with my levels or Not please comment below 👇 How many peoples archive all these profits today PLEASE GIVE YOUR VALUABLE COMMENTS BOUT YOUR PROFITS & LOSSES @Jagadheesh_Jk
NSE:BANKNIFTY
by Jagadheesh_JP
NZD/USD LONG SETUP AFTER ECBOn NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our long trade if we were to enter the market. Currently, we are waiting for confirmation on the M15 chart. Happy trading to all, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
5
SUPPORT & RESISTANCE Hey Everyone, Support and resistance is one the most talked about price action component when it comes to technical chart analysis. What is support and resistance? Support and resistance are areas where price fails to continue to rise or drop. Historical areas of rejections create levels of support and resistance. These levels are expected to stop price from a continuation. - SEE EXAMPLE BELOW How can we use support and resistance? Support and resistance levels can be used to take trades from and to close trades on. We will cover the basics of drawing the levels and also identifying rejections and breakouts using support and resistance levels. First and foremost traders draw support and resistance in many different ways. We will cover one of the methods we use to support our signals and trades, which is called "CANDLE BODY CLOSE" See examples below on how to draw the levels, identify rejections and also the breakout strategy. CANDLE BODY CLOSE SUPPORT AND RESISTANCE Failure to close above a level with the candle body forms level of resistance and failure to close below a level with the candle body forms support. Also areas of rejections. CANDLE BODY CLOSE BREAKOUT A candle that is able to close above a resistance or below a support level with the body and not just the wick confirms a breakout of the level for a continuation. This is a fantastic simple way to chart support and resistance levels, that can also be used to support entries and exits by identifying the wick rejections and the candle body breakouts. As always, we will continue to share our chart ideas and useful educational tips for traders. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
14
CAD/CHF WAITING FOR SHORT TRADEOn CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a truly strong Swiss franc in the last month, with a weak Canadian dollar, which is further amplified by a weak US dollar. This morning, the price broke another demand zone, supporting a bearish view. Tonight, we have the Fed rates, so keep an eye out for potential volatility. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
XAU/USD LONG TRADE BEFORE FED RATES On this trade, we have a bullish setup after the price broke a bullish trendline and bounced off the intersection of two trendlines. I positioned myself long exactly after an H1 confirmation at the 1955 level. I've set the target around 1990, where we have a FVG (Failed V-shaped pattern), which indicates a possible zone for a short trade in case there are appropriate confirmations. Leave a like and let me know your thoughts. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
GBP/JPY SHORT SETUP H1 AFTER CPIOn GBPJPY, we have a bullish setup on both the H1 and H4 timeframes. The price is currently at the level of 181.70 and could reach the zone around 182, where we have a supply zone and a significant price level (FVG), presenting an opportunity to look for a short trade, provided we receive the appropriate confirmation on the M15 timeframe. Patience is the key. Drop a like and share your view. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
USD/CHF LONG TRADE SETUP H1 BEFORE FEDIn the USD/CHF currency pair, we have a long setup after the price has broken the high at the level of 0.8680. From here, the price could move towards 0.88 since this upward movement has little resistance and is full of inefficiencies. In other words, the market has dropped too quickly, and usually, within 10-20 days, it tends to fill this gap. This is also in view of the Fed's potential interest rate increase of 0.25%. Let me know what you think. Share and like this post. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
GoldViewFX - Market Update and RANGE MANAGEMENT. Hey Everyone, We started our week with a nice 30 pip catch of the 1962 Goldturn breakout. Ema5 has also crossed and now left a gap to 1973. We are seeing some sideways ranging action, which is drawing the MAs together to converge. We usually see this pre-event to gear up for another breakout. These are the ideal conditions to trap retail traders, as you start to chase targets because gaps will form both ways, leaving you hanging if you don't have a RISK MANAGEMENT and RANGE MANAGEMENT plan. This is where our strategy to buy dips and stick to one direction comes into play. Using our Goldturn levels to buy dips on the smaller timeframes allows us to safely catch 30 to 40 pips even against the trend, always giving us a safe exit. This allows us to fall naturally back into the wave when price ends up in our direction eventually. Please see screenshot below of how effectively we were able to buy against the trend and then naturally fall back into the trend the last two months. We have consistently done this for the last 17 months with our followers. The above strategy coupled with our algo generated activations, give us the Bullet proof edge. We will continue with our plans to buy dips and track the movement level to level, as our long term projection still remains Bullish. However, we have a high volatility week on the forex calendar and FOMC, so expect swings and gaps both ways. STAY SAFE! BULLISH TARGETS 1962 - DONE EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN THE FOLLOWING BULLISH TARGETS 1973 1979 AND POTENTIALLY 1983 BEARISH TARGETS 1956 EMA5 CROSS AND LOCK BELOW 1956 WILL OPEN THE RETRACEMENT RANGE EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE SWING RANGE 1923 - 1916 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16