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XAUUSD Bearish channel with long entry!In this analysis, we have gold displaying signs of weakness, as indicated by this bearish channel originating from the 1980 level. Additionally, decreasing swing highs and swing lows are evident. My objective will be to wait for gold to reach the lower side of the channel, more precisely, to anticipate a rebound in price at the demand zone around the 1910 level. Considering the fact that we have a swing low at that level, I expect the price to potentially break it with a spike on the H1 timeframe, confirming my entry. In that scenario, I would then take profit at the 1940 level, corresponding to the first swing high. Keep me posted on your thoughts. Happy trading to all!
OANDA:XAUUSDLong
by Forex48_TradingAcademy
3
NZD/CAD Bullish setup 3 entries point!On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of Control (POC). On the short side, we have a FVG, which is a high-reaction zone containing a lot of market liquidity. On the 15-minute timeframe, the timeframe I'll be observing for confirmations and to set up my trade if I decide to enter. Let me know your thoughts. Happy trading to all!
Long
by Forex48_TradingAcademy
1
AUD/JPY Long trade after H1 reaction On this trade, I opened a long position following confirmation at a reaction zone on the H1 timeframe, at the level of 93.80. The price is currently between a bullish setup and a bearish setup, and there's a lot of uncertainty in the market. However, during this week, we will have the Chinese and British CPI data coming out, so trading between Wednesday and Thursday will likely be very volatile. Additionally, I wanted to point out that we have two zones of interest, two FVF: a sell zone at the level of 94.40 and a buy zone at the level of 92.82. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
5
EUR/USD What do you think of this short?I have taken a short position on EUR/USD after a double confirmation on a 15-minute candle chart (M15) at a Fibonacci level (FVG). My intention is to either close the trade entirely or partially around 23:00 Italian time. This is because significant data for the Japanese yen and the New Zealand dollar are expected during the night, in the Asian session. In practical terms, if the trade were to be in loss by 23:00, I will close it entirely. If it were to be profitable by more than 0.5%, I will close half of the position and leave the other half open with a stop order in place. I would like to hear your opinion on this strategy. Wishing everyone successful trading, Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
3
EUR/USD Downtrend is coming on m15!In the EUR/USD exchange rate, there appears to be a bearish opportunity as the dollar is gaining strength following the downgrade of American debt. However, there is a favorable level around 1.0965 where the price could reverse its direction. In this zone, a "short" entry could be considered if the correct bearish confirmation signals occur on the 15-minute chart (m15). In such a case, opening a "short" position with a profit target at 1.0910 could be contemplated. I would like to know what you think about this analysis. Happy trading to everyone!
Short
by Forex48_TradingAcademy
1
CAD/JPY Bullish setup before CPIOn CAD/JPY, we have a bearish setup on the daily timeframe, but on the H1 chart, we can already see a reaction at a previous support, resistance, and now newly formed support level at 106.70. In this area, the market could respond by breaking the bearish trendline and subsequently initiating a slight rebound above the trendline, aiming to reach the daily high at 108.15. Potentially, it might be considered to enter even in the case of a bounce off the trendline. However, it's always necessary to wait for the right confirmations, which can also be sought on the M15 chart in this instance, given that we are working with an H1 chart. Let me know what you think. Best regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
XAU/USD Long trade we have an uptrend!I am currently observing a bullish opportunity on the XAU/USD currency pair (gold against the US dollar). The price is around 1936, and I have noticed a positive movement both on the daily chart and the 4-hour chart (H4). It's interesting to see how the price is behaving in a zone that used to act as resistance but is now acting as support. This support level corresponds approximately to the 0.5-0.6 Fibonacci level. My trading strategy is long, with a profit target at 1980, which aligns with the previous highs reached. I have placed a stop loss at 1912, just slightly below the previous lows, to manage the risk. I always remember that trading involves risks, and past analyses do not guarantee future results. I will make sure to manage the risk responsibly and use the appropriate tools to make informed decisions. I wish myself and all the other participants of Forex48 Trading Academy a successful and profitable trading journey!
OANDA:XAUUSDLong
by Forex48_TradingAcademy
2
Day Trading vs Mid-term investments Day Trading 🌪️📉📈 Day trading involves buying and selling financial assets within the same trading day. Traders constantly monitor the market, aiming to capitalize on short-term price movements. 🕒⏰ 👍 Pros: Potential for quick profits with multiple trades in a single day. High adrenaline rush and excitement from rapid decision-making. 👎 Cons: Requires constant attention, often leading to stress and emotional fatigue. 😓 High risk due to rapid market fluctuations and trading fees. Mid-Long Term Investments 🚀📈📉 Mid-long term investments, on the other hand, involve holding assets for an extended period, ranging from several months to years. Investors focus on the asset's overall growth potential and fundamental value. 📈💹 👍 Pros: Lower stress and emotional strain as you have time to analyze and make informed decisions. 🧘‍♂️📊 Potential for significant returns through long-term market trends. 📈📈 👎 Cons: Limited excitement in comparison to day trading, as it requires patience and discipline. Requires a solid understanding of market fundamentals and long-term trends. Why the Second Option Is Better Emotionally 😌 While day trading can be thrilling, it often comes with high stress and emotional tolls. The constant pressure to make quick decisions and the fear of missing out (FOMO) can lead to impulsive actions and losses. 😫 In contrast, mid-long term investments provide emotional stability. H aving a long-term vision allows you to detach from short-term market fluctuations and focus on the bigger picture. This patience and emotional balance can lead to more thoughtful investment decisions and better overall returns. 😊 Remember, successful investing is not a sprint but a marathon . So, consider the emotional benefits of mid-long term investments, and you'll find yourself on a calmer, more fulfilling financial journey. 🏃‍♂️🚀
Education
by Yaroslav_Krasko
S&P500 I NOTICED A GOOD SELL AREAOn S&P500, we have a bullish setup with the price slightly retracing in the area around 4479 after touching highs at level 4645. Currently, there is an excellent reversal zone, a sell zone, at level 4525, where the price in H1 formed a strong supply level that had a significant impact on the price in the past week. In short, I'm waiting for a retracement to that level before entering a short position, aiming for a target around 4375, which corresponds to the previous major low. Let me know what you think. Have a great weekend! Nicola, CEO of Forex48 Trading Academy.
OANDA:SPX500USDLong
by Forex48_TradingAcademy
3
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no surprise that AAPL is Warren Buffets's biggest holding. The earnings were a top line beat with revenue flat. New iPhone sales are off. The TSLA idea of dropping price to boost demand and trying to maintain margins will come into effect. The dip this week is remarkable given the range of those red candles. Based on VWAP bands, AAPL is overbought and overvalued but not badly so. Price has dropped under the longest moving average (HMA140)/ This is a small pullback I will use the opportunity to purchase a call option striking over the money at $205 for mid-November as an intermediate term veto that AAPL will march consistently higher. Because of this pullback the options contract will be a bit cheaper and easier from which to achieve a realized profit.
NASDAQ:AAPLLong
by AwesomeAvani
EUR/USD BEARISH SETUP WAITING NFPWe have a bearish setup on the Euro Dollar, with the price currently located around 1.0945, practically retesting a block that previously acted as support and is now serving as resistance. The objective will be to look for a short entry in the golden square I have highlighted, as that area aligns with the 50-61 Fibonacci levels. However, please be cautious as today we have the NFP (Non-Farm Payrolls) data release. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
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