AUDUSD LONG TRADE - TARGET RR 1:5On AUDUSD, we have a bullish setup this morning with a trade that started after defining a point of interest (POI) overnight, which is a bullish setup. The objective is to wait for a bounce around 0.6620 or enter around 0.664 if a bullish setup forms. The target is in the 0.76 zone.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
Strategy!
GBPAUD Finally there is a long trade!On GBPAUD, we have a bearish setup that, after reaching highs around 1.8780, is heading back down towards 1.8620. To reach our point of interest (POI) zone, the market could bounce around 1.8680 before descending to 1.8620, where the long trade will initiate with a target of 1.8780.
Let me know what you think.
Happy trading to everyone.
EURGBP TO THE MOON - SETUP H1EUR/GBP shows a neutral structure with a price ranging between 0.8730 and 0.8670. The Forex48 strategy has identified a bullish setup for a long entry within a demand zone around 0.868, with a target of 0.8730.
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Forex48 Trading Academy
NZDCAD Bullish Setup H1 - RR 1:3NZDCAD has formed a bullish structure since Tuesday, May 16th. Currently, we have a price that has established a demand zone around the 0.84 level, creating a bullish setup highlighted in yellow around 0.842. The objective is to enter a long trade with a target of 0.85.
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Happy trading to everyone.
EURJPY Short Setup H1EUR/JPY is currently presenting a bullish setup, meaning that the price is rising towards 149 where a supply zone is located, providing a short setup as identified by the Forex48 strategy for entering a short trade. The objective here would be to wait for the price to reach this zone and then enter with a target of 148.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
#NAUKARI... Looking good @15.05.23#NAUKARI... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
XAUUSD 15/5/23 Outlook. Gold to the 1980s?Good evening gold gang! hope your weekend was a good one!
We are back, recharged and ready once again for the gold outlook. Lets lock it in ..
We are approaching a very strong daily level here that has seen price bounce from many times and a strong close below can mean we will finally start coming back down to the mid 1900s once more. Couple this with a strong DXY push indicating dollar strength .. we could be starting the dollar domination once again.
DXY is due a small pull back though as it pushed heavily last week .. so we may see a little upside at the beginning of the week.
Buys and sells are on there .. and as usual for those asking, i wait for clear closes in these areas before taking trades and target where stated. I am also not greedy and pay myself along the way as we take what the market gives us, not what we hope it gives us.
Ill be updating during the day on this chart any changes made .. so make sure you follow along!
Smash the boost button if you're ready to make some cash this week
see you in the morning for london
TommyXAU
GBPJPY SHORT SETUP H1GBPJPY is presenting a bullish structure this morning. The price is approaching the 170.48 area, where we have a supply zone. At that point, the market formed a short setup on May 10th, confirmed by the Forex48 1.0 strategy. Additionally, the price at this point could bounce off a bearish trendline, completing the third touch. The target for the short entry is indicated in the 168 area.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
XAUUSD Bullish Triangle H1XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and the positive weekly prospects for the euro. I recall the data on the dollar this week.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPAUD Bullish Setup H1GBPAUD currently has a slightly bullish setup this morning after a strong decline last week. The objective is to wait for the trade at 1.8630, where there is a demand zone with three confirmations and a bullish setup for market entry in the highlighted yellow area.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
GBPAUD Pullback is comingOn this pair, we are experiencing a bullish moment for the pound; it is simply reacting to the news. The objective is to wait for a price retracement in the area of 1.86, where we have an excellent supply zone that has been validated three times and where the market has created a bullish setup. The target objective is 1.89.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPUSD It's ready for a long trade!As you can see on this chart, the price has declined in the last two days after reacting to the news about the pound and the dollar. The downward movement was expected according to the manual. In fact, there has been a setup ready to enter a long position on the pound for the past two weeks.
Let me know what you think.
Happy trading to everyone.
AUDJPY RR 1:2 - Forex48 StrategyOn this pair, I have identified an entry using the Forex48 1.0 strategy. The strategy involves entering long when the price forms a demand within another demand. The stop should be placed at the second low compared to the low of the demand.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPCHF Attention RR 1:12On this pair, the price is ascending towards the 1.1145 area where we have a demand zone that aligns with the setup of the second strategy Forex48 2.0. The objective is to wait for a bounce in this zone and enter a long position with a target of 1.1291.
Let me know in the comments what you think.
Happy trading to everyone.
XAUUSD Ready for the big news tomorrow!
On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in case of a short trade.
Let me know what you think.
Happy trading to everyone.
AUDCHF Setup H1 - Is It short?On AUDCHF, the Forex48 strategy has identified a supply zone at 0.6030, where a setup for a short trade has formed. Currently, we have a weak AUD, but it could recover and potentially bounce back to the mentioned zone overnight after the news. However, I predict a decline with the strengthening of the Swiss Franc, which is traditionally a safe haven currency, given the weak strength of the dollar in this historical period.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
AUDNZD Ready for short this night!On AUDNZD, we have a price that is consolidating around 1.0631, where it has formed a supply zone. The objective will be to wait for the price to rebound around 1.0660, where there is a supply zone with a Point of Interest (POI), indicating where the price has formed a short setup.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
USDCHF Long or Short?On this pair, we have a strengthening dollar following the afternoon sales data. As you can see, my analysis predicts a price rebound around 0.89 with a target at 0.8990. Right in that area, we have a demand zone with a Point of Interest (POI).
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
XAUUSD is on FIRE!!! Gold to 2100I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it.
Let me know what do you think.
Have a nice trading.
Forex48 Trading Academy
NZDUSD Long Setup H1 after USA news!NZDUSD is presenting a bullish setup, today the price has risen after the release of US inflation data. Currently, the price is located within a supply zone around 0.6370. My plan is to wait for a retracement to the 0.6340 area where I have marked a point of interest (POI), and there I will look for an entry point for a long trade. The trade target is set at 0.6390.
Let me know what you think.
Happy trading, everyone.
GBPNZD Short Setup H1On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97.
Let me know what you think.
Happy trading, everyone.
Forex48 Trading Academy
EURCAD The goal is LongOn eurcad we are seeing a price drop towards the 1.46500 area where we have a demand zone. the zone seems to be interesting and according to the forex48 strategy, the objective is to wait until the price breaks the high at 1.4695 before setting up a long setup.
Let me know what you think.
Happy trading everyone.
Forex48 Trading Academy