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GBPUSD Long setup after Powell`s speechOn GBP/USD, I have identified a false breakout of a swing low at the 1.2560 level, a zone that confirmed a bullish view on the H4 timeframe. The objective will now be to look for a bullish entry on the M15 timeframe, seeking potential upward structural breaks. In addition to this possible scenario, I have identified a bearish trend that could provide significant resistance in the event of an increase towards the 1.262 level. However, this upward movement should not encounter major issues in breaking the 1.2630 level, especially considering that at the 1.2740 level, there is a strong selling zone on the H4 timeframe where I will be looking for a short entry. This zone marked the breakthrough of the swing low at the 1.2690 level. Of course, I will keep you updated on the evolution of my idea. Have a great weekend, everyone!
Long
by Forex48_TradingAcademy
1
EURUSD Short trade after news!On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I preferred not to take the risk. My setup involves entering in the range of 1.06-1.07 with a target at the H4 swing low level of 1.0796. My stop will be at the swing high level of 1.0880. Happy trading to all!
Short
by Forex48_TradingAcademy
1
GBPJPY Long trade after GBP News!On GBP/JPY, I entered the market after a significant decline in the pound following negative data yesterday, as both the manufacturing and services sectors were confirmed to be contracting. I chose to enter at a strategic zone, following the breakout of a swing high on the H4 chart at the 184.25 level. Afterward, I attempted to identify interesting areas on the H4 chart, but found nothing there. So, I shifted my focus to the H1 chart, where I discovered a strong candlestick pattern just before the swing high was breached. At that point, I waited for a price retracement to that zone. Once I entered the trade, I monitored the market's movements on the H1 and M15 charts to seek confirmation of my analysis. I received confirmation when, at the close of the London trading session, the market formed a double higher candle pattern on the H1 chart. My target for profit was set within a box on the H4 chart, where the price could potentially reverse due to it being the last box before the H4 swing low was broken. Wishing everyone successful trading.
Long
by Forex48_TradingAcademy
1
AUDCHF Long structure with entry point!On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an interesting entry point, while the second presents an appealing entry at the 0.5657 level, where we have an H1 demand. Personally, I'll wait for the price to retrace into this zone before considering a long entry. In the case of a market entry, I would set the target around 0.5730, where we have an H4 swing high, and place a stop around 0.5602, below the market low. Happy trading to all.
Long
by Forex48_TradingAcademy
1
GBPCHF Bearish structure with entry point!In GBPCHF, we have a bearish setup with the price dropping sharply this morning after the negative news of a contraction in manufacturing and services in the Eurozone and the UK. I will look to enter a short position if the market retraces to a target zone at the level of 1.1190, which is a forex48 block where it's highly likely for the price to reverse. Of course, I will always wait for the necessary confirmations before entering the market, which I will be looking for on the M15 timeframe. In the event of an entry, I will place the stop above the previous swing high and set the take profit to recover all the liquidity, around the 1.11 zone. Happy trading to all.
Short
by Forex48_TradingAcademy
1
CADCHF Long setup with liquidity zone!On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the range of 0.6480-0.65. In the presence of promising H1 candles or even better, a demand zone, I would enter the market with a stop below the swing low, precisely at the 0.6460 level. The target would then be the 0.66100 level, where a swing high is located. Wishing successful trading to all!
Long
by Forex48_TradingAcademy
3
GBPCHF Liquidity zone with ICT Trade!On GBP/CHF, we have a long setup with a dominating trendline in the market, featuring a double liquidity grab followed by a touch and go. Currently, I'm still waiting for the third touch and go, but I wanted to try this long entry with a 0.5% risk and a 1:1.5 risk-reward ratio. Since the market might hold surprises during the Asian session and considering tomorrow morning we'll have significant macro data regarding the Euro and Sterling, I won't be trading during the London session. Let me know what you think. Happy trading to everyone!
Long
by Forex48_TradingAcademy
1
How to create trading strategy and use the Omega ToolkitThe Omega Toolkit has been designed and created in order to make traders better understand and respect their trading style. I have created this toolkit as a former technical financial analyst (certified by S.I.A.T.) to give access to anyone at a low cost to highly effective trading tools that can be used to create a lot of trading strategies that suit any style of trading. Each strategy that you know or ever will apply to the markets is a combination of different variables, commonly known under the name “checklist”. Unfortunately, many traders use in their trading strategy a lot of different tools that answer the same question or analyze the same data, that’s why I have created the Omega Toolkit, to classify and organize the best tools for every checklist point. These variables can be categorized into 4 main points: 1. The first one is the Trend parameter, this point answers the question “buy or sell”, long story short it provides the direction of the trade you’re looking to. Usually, for this point, many traders like to use the 200 period moving average, others like to use the market structure, and others use more advanced tools like the volume profile, but at the end of the day, they all answer the same question and use multiple tools that answer to the same question can lead to an analysis that overvalues some price data and undervalues some others. Many traders like to use also fundamental analysis to determine the trend parameter, with macroeconomics data or another type of analysis just like the seasonality. 2. The second one is the Location point, this variable aims to make the trader buy low and sell high, and the main purpose is to provide the risk-to-reward asymmetry. One general rule to follow regarding this aspect is to decide with attention to your entry and exit points. To decide that, keep in mind that you want the price to have the most amount of resistance (or support) between your entry point and your stop loss, while you want the price to have a “clear path” from your entry price level until your previously decided to take profit. To answer this point, many traders like to use the standard Fibonacci retracement or the Smart money concepts technique, but in reality, any tool or analysis can be used as long as it provides a clear price level that can be used to determine whenever the price is in a discount zone, in a premium zone or in his fair price value. 3. The third one is the Signal point, which is used to determine the exact moment to enter the trade you already have programmed. This point is very important because it gives us confirmation of the fact that the short-term trend is aligned with the long-term trend. An essential tip about this is that no strategy is effective on the market if the strategy starts from the signal or is based on that. 4. The fourth and last point is the Filter, which aims to increase the win rate of the strategy by giving an additional confirmation to the trade you have found thanks to the Trend and the Location parameters. An important information about this variable is that in order to be effective it should analyze a different kind of data compared to the other three parameters. For example, if you have chosen to utilize all only-price variables as analysis for the Trend, Location, and Signal points, you should use something different just like an indicator that analyzes volume, momentum, volatility, or strength in his data. In order to have a good strategy your checklist should have at least one point for every categorization. Having more than one can lead to an increase in performance and also a huge decrease in the overall trade number. Here, with the Omega Tools, I provide 3 tools that can be used to create some effective trading strategies using both statistics and logic. The Omega Toolkit is created to work all together, even if you don’t want to use all three tools, your strategy in order to be optimal has to cover the other previously described points. With the Omega Trend, I provide an indicator that contains a lot of features both for the Trend parameter and the Signal one. The overlay indicator can be used for assistance both in the Trend and Location points, meanwhile, the candle coloring aim to be the ultimate indication of the trend direction, including in the formula a lot of different indicators that analyze both the price, the volume, and other variables. The signal, displayed as small points over or below the candle is a great tool to find the optimal entry and exit points once found the trade you want to take. The Omega Analyst contains many tools chosen to be highly effective to determine the Location point (even if some of them can be used also as a Trend point). To have the best risk-to-reward ratio, you should be looking for a below-average or discount situation if you’re looking for a buy, and an above-average or premium situation if you’re looking to sell the asset. The Omega Oscillator is the last tool of the Omega Toolkit and contains various tools that can be used mainly as filters for your trade, but you can also use it as a Signal or Location point. The oscillator you want to use, and the condition that the oscillator should have in order to verify the trade, should be determined previously and precisely in order to not make mistakes and have an objective analysis. Summing all what has been said, the procedure to find a trade can go like this: 1. You find the direction of the trade thanks to the Trend point and your general technical analysis or smart money concepts analysis. 2. You identify the main level or zone to enter into the position 3. Once the price is in the zone or touched the level and respected the condition you previously identified, you wait for the signal. 4. Once the signal has been plotted (at candle closed) you verify the trade with your Filter parameter previously chosen. 5. If confirmed, you chose your entry point (or enter with a market order) and your exit points (both take profit and stop loss) that can be either fixed or dynamic and trailing. The Omega Toolkit has a very big feature, customizability: thanks to this, you can (and should) adapt the parameters of the indicators to the market conditions. These conditions are the kind of asset you’re trading, the market condition, the time frame, and even the period of the year you’re currently in. It’s not the tool that you chose to use that creates your strategy, it’s the way to use them in order to determine if you should enter the market or not; many tools can be used for different purposes, for example, you could use the seasonality of an asset both for the trend parameter to determine the direction or as a filter to increase the win rate, you could use the price relation to a moving average to analyze the direction of the trend or to identify the retracement levels, and I could continue for almost any tools available for technical analysis. If you have any suggestions or anything you’d like to say, just leave a comment down here and we’ll talk about it!
Education
by OmegaTools
3
USDJPY Bearish structure + FVG entry! In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone that I will consider initiating a short position in the market, provided that the market gives us operational confirmations for a short trade. Specifically, I will seek an entry if the market forms two consecutive 15-minute reversal candles. Please let me know your thoughts on this. Happy trading and good luck!
Short
by Forex48_TradingAcademy
1
USDCAD Long structure with a divergence!On the USDCAD, we observe a bullish structure characterized by two trendlines: a longer one originating on 07/07 and a slightly smaller, higher one that began on 11/08. The gap between these two trendlines presents a divergence, indicating a space that the market could potentially fill. Additionally, the price is nearing what could be the third touchpoint of the larger trendline, coinciding with a retracement on an H1 timeframe Fibonacci level. This scenario could create an excellent setup for a long trade. However, only time will reveal the outcome, and I will only enter the market if I receive a dual confirmation before entry on the M15 timeframe. Wishing everyone successful trading.
Long
by Forex48_TradingAcademy
2
S&P 500 ICT Setup with double entries!On the S&P 500, we have a bullish setup after the price during the London session broke a H4 swing high at the level of 4383. By breaking the market structure, the price has marked a cluster of orders, a demand zone at the level of 4366-4369 where the price could retrace and where a long position could be considered. Furthermore, the price might extend its move up to the level of 4410 without encountering our demand zone. This is because at the level of 4410, we have a supply zone between H4, H1, and M15 timeframes. This is an area where short positions with a target of 4100 could be contemplated. Let me know your thoughts. Happy trading to all!
OANDA:SPX500USDLong
by Forex48_TradingAcademy
2
CADCHF Long structure with ICT entry!I've identified a trading opportunity on the GBP/CHF currency pair. After the price returned to the lows to capture previously left liquidity in the 0.6480-0.65 range, you've set up a long trade. Currently, you expect a bounce in the demand zone along with the validation of the bearish continuation pattern (FCV) on the H1 time frame. This validation could lead to a price retracement and the creation of a buying opportunity (long setup) to enter the market. You've observed that the price has already broken a small bearish trendline on the H4 time frame, specifically around the 0.6505 area. Based on this analysis, you're considering a long trade with a profit-taking target around the 0.6580 zone. However, you've also established a stop-loss level at 0.6470 in case the trade doesn't develop as expected.
Long
by Forex48_TradingAcademy
5
GBPAUD Long structure with entry point!On GBPAUD, I've identified an interesting long setup. The price could potentially move from 1.9780 to 2.02 without apparent obstacles. My idea is to open a long position on this currency pair. Currently, the price is in a zone that we could define as "hot," as it's situated between a demand zone and a supply zone. Within this same zone, the market has generated an Optimal Entry Point (POI), which I've identified through confirmation from candlestick charts on the 1-hour and 15-minute timeframes, along with the Volume Profile Point of Control. At the level 1.9780 in fact we can enter with a long trade or we can enter at 1.97 where we have a forex48 block. Waiting always double confirmations on M15! This signal further strengthens the hypothesis of a long entry. In addition to the opportunity described above, thanks to my "Forex48 block" strategy, I've identified another possible entry area for a long trade, positioned at the level of 1.9690. I'd be interested to know your opinion on this situation. I invite you to comment and leave a like to support our work. Warm regards from me, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
PTON Peloton Interactive Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders Bearish chart patter: Or reentered ahead of a previous earnings spike: Then analyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week, I would consider purchasing the 7usd strike price at the money calls with an expiration date of 2023-8-25, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:PTONLong
by TopgOptions
1
XAUUSD Bearish channel with entry point!I entered a short position on XAU/USD after noticing a significant break of a swing low at the 1896 level, further supported by a bearish channel on gold. My trade involves an entry at a supply zone at the 1902 level on the H4 timeframe, where we have a box containing the last buying orders before the major sell-off that led to the break of the H4 swing low. I've placed the stop above the last swing high, and the take profit is set at a 1:1.4 risk-reward ratio, at the 1882 level – just below a hypothetical market liquidity grab under the bearish channel. Let me know your thoughts. Have a good day and happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EUR/USD New Strategy PT.4 with Trade!On EUR/USD, we have a bearish setup following lower highs and lower lows. I've decided to enter the market as the price on H4 broke two swing lows, one at the level of 1.0862 and the other at the level of 1.0855. I entered on the price retracement at the level of 1.0875 where we have an H4 supply zone, a truly significant area as it was the last bullish candle before the decline. I also checked H1 and M15 to better define the area, but there was nothing there. I positioned myself with the stop above the previous swing high and the take profit targeting the retest of the swing low or the market's previous low before the retracement. Comment and leave a like to support our work. Have a great weekend everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
GBP/USD New Strategy PT.3Good afternoon traders! On GBP/USD, we have an interesting setup. Today, there are no major macroeconomic data releases, and the market seems to have regained good volatility after a week of little movement. The market is showing a breakout of a swing low on the H4 timeframe at the level of 1.2727, followed by a retracement to the H4 supply zone. This retracement led to the breach of the aforementioned level. In that specific range, which spans from 1.2740 to 1.2760, I will be looking for confirmation for a short entry with a target at the recent low around 1.2690 before retesting our golden zone. Let me know your thoughts, and happy trading to all.
Short
by Forex48_TradingAcademy
1
S&P500 New Strategy Pt.2 - Short setup!On the S&P 500, I've identified a break of a Swing Low at the level of 4378.80 on the H4 timeframe. This allowed me to spot a supply zone on H4 and subsequently on H1, where the price could reverse. In fact, I've marked this area in gray and there I'll await a retracement, which I'll assess on M15 and H1 to decide whether to enter a short position or not. In case of entry, I would place my stop loss above the previous swing high and the target at the market's minimum reached before returning to the entry zone. Let me know what you think. Greetings from Nicola, the CEO of Forex48 Trading Academy.
OANDA:SPX500USDShort
by Forex48_TradingAcademy
1