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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
GBPJPY New strategy PT.1 In GBPJPY, we have a bullish setup, but the price has shown signs of weakness and seems to have given hints of a reversal. Currently, we have a price that has broken the swing low at the 185.78 level on both the 15-minute and 1-hour charts. However, to confirm this, we would need a swing break with a 4-hour candle. If the market manages to create this setup, we could consider looking for a short entry within the box above, between the 186.20 and 186.40 price levels. At that point, a market entry could be considered after initial confirmation on the 15-minute and 1-hour charts, with a possible stop placed 10 pips away from the swing high, and targeting levels 1, 2, and 3 from the 185.60 level down to the 183.70 level. Please let me know your thoughts. Best of trading to everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it. Nicola the CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
USDCAD Long structure with long trade!In the USD/CHF pair, we can observe a long trend on the H4 timeframe, which started on July 27th, now about two weeks ago. My expectation revolves around a potential long trend if the market retraces to the 0.8780 area. This level corresponds to the 0.5% Fibonacci retracement, marking the 7th touch of the trendline. Additionally, considering the context, we are situated perfectly within an H1 demand zone. This circumstance could provide further likelihood that the price might pivot at that point to continue the upward movement. Of course, I will monitor for any H1 confirmations before entering the market. Should an entry occur, the target is set around the 0.888 area, where we encounter a significant resistance level. Let me know your thoughts, drop a like, and leave a comment. Best regards and happy trading to all.
Long
by Forex48_TradingAcademy
3
GBPAUD Two possible Long entries!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. 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
USDJPY Short setup waiting the FOMC!Good morning traders! While observing USD/JPY, I have noticed that the price at the 145.48 level aligns precisely with the third touch of an H4 bullish trendline. Today, we have the FOMC, so please exercise caution. In my opinion, the price could provide clear reversal signals in the event of a trendline break and subsequent re-test, which could lead the price to the next swing low break. Once the swing low is breached, I will await a re-test at the 145.12 level before entering a short position with a target of 144.12. At that point, we have an H1 FVG (Failed Visual Guide) – a potential reversal point that could reintroduce a long scenario for USDJPY. Let me know your thoughts, comment, and leave a like to support the hard work. Happy trading to all!
Short
by Forex48_TradingAcademy
1
KAVA Long idea In the ever-evolving realm of cryptocurrency, where fortunes flicker like distant stars, Kava emerges once again, inviting traders on a fresh journey of potential gains and exhilarating market maneuvers. Picture the chart, a line of time etched with the memories of past movements. A channel, like a road leading to possibilities, draws our attention. It’s not just an ordinary channel, but a path that has proven its significance in the dance of prices. This channel, like an old friend, has seen the rise and fall of trends, and now, it beckons us once more. Step back for a moment and ponder the Stochastic indicator, that little oscillating wonder. It's in a state of rejuvenation, its readings bottomed out. It’s as if the market's heartbeat has found its rhythm, preparing for a new pulse. As we study this chart, the Fibonacci 0.786 level glows like a beacon. A level where altcoins seem to whisper secrets, it's a place of interest, often a playground for significant actions. Just as Fibonacci numbers spiral through nature, they spiral through these markets, guiding us. But there's more to the story. Imagine the On-Balance Volume (OBV), a silent observer of market movements. Divergence, like a symphony of intrigue, plays its tune. It’s as if the market is telling us a story, a narrative of potential. It's this divergence that piques our interest, suggesting that hidden possibilities might be unfolding. And then there's volume, the voice of the market, its fluctuations as significant as a conductor's baton. For this swing to work its magic, the crescendo of volume needs to accompany the upward movement. It's the signal that turns a solitary move into a symphony of momentum. This tale, my friends, is not just a glimpse into a crystal ball. It's a calculated dance of data, a thoughtful strategy that beckons you to seize the potential while protecting your capital. As we embark on another swing long trade, armed with knowledge and insight, we brace ourselves for the next chapter. The markets shift, the numbers change, but the essence of trading remains. As Kava extends its invitation, it's time to write the next verse in the saga of potential gains. Gather your wits, adjust your strategies, and let the journey continue. Set your stop-loss, a safeguard against unforeseen tides, below the 0.7815 mark. It's a strategic move to protect your capital, even amidst the allure of profit. So let the path be navigated with both caution and courage, for risks are managed, and the potential for gains remains.
Long
by DepecheGST
CHFJPY Short setup with entry point!Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions, I'll wait for a significant retracement to the level of 163.80, where we have a Breaker Block on the M15 timeframe. If the price reaches this level with an M15 candle showing no pin, no doji, and with volatility lower than 10 pips, we could consider a long entry. Of course, as the initial confirmation of a descent towards our entry zone, the market will need to confirm with breaks on the M15-H1-H4 of the Swing Low on the H4 timeframe at the level of 164.86. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
2
GBPAUD Bullish structure with a FVG point!On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current position. In that area, we have a Hidden Bullish Divergence on the H1 timeframe, a zone where a price reversal could occur. However, a double confirmation on the M15 timeframe would be necessary before considering a long entry with a target at the level of 1.9620. Let me know your thoughts, comment, and leave a like to support our work. Happy trading to all.
Long
by Forex48_TradingAcademy
2
GoldViewFX - MARKET UPDATEHey Everyone, Great start to our 1H chart route map for the week. Price dropped into the identified retracement range at 1902 weighted level completing both bearish targets. No ema5 cross below this level confirmed the rejection for the bounce. Respected perfectly. We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend. Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1918 EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS 1937 - 1946 - BEARISH TARGETS 1910 - DONE 1902 - DONE EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE SWING RANGE 1895 - 1884 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
2
EURUSD Short trade with Key levels!Good afternoon traders, I was observing the EUR/USD and I've identified a potential zone for a sell. At the level 1.0940, we have a FVG, which stands for a block of inefficiency that the market could reach and then retrace. Additionally, I'm noting the creation of a bearish trendline with a double touch, which might lead me to think that the third touch will be the decisive one for the beginning of a short trend down to the 1.083 zone, where we have a Swing Low. Let me know what you think, comment, and leave a like to support our work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
3
Timing Triumph:Unraveling the Art of the Straddle Forex StrategyIntroduction In the dynamic realm of forex trading, where market movements can be as unpredictable as they are enticing, traders often seek innovative strategies to capitalize on volatility. One such strategy that has garnered attention for its ability to thrive in uncertain market conditions is the Straddle Forex Strategy. This article delves into the intricacies of the Straddle Strategy, exploring its core principles, execution, benefits, and potential drawbacks. So...Sit back, relax, and enjoy this enlightening article about the incredible Straddle Strategy. Remember to show your support by hitting the LIKE button and subscribing! Your journey into the world of the FOREXN1 Strategy is about to begin. The Essence of the Straddle Strategy The Straddle Forex Strategy is a versatile approach designed to exploit significant price movements, regardless of their direction, during times of heightened market uncertainty. It operates on the foundation that major news releases, economic data announcements, or geopolitical events can trigger substantial market fluctuations. The strategy aims to capture the potential gains from these abrupt price swings by simultaneously opening two opposing positions: a long (buy) position and a short (sell) position on the same currency pair. Execution of the Straddle Strategy Preparation: Traders must identify upcoming high-impact events or news releases that are likely to cause substantial market volatility. These events could include central bank interest rate decisions, employment reports, GDP releases, or geopolitical developments. Positioning: Just before the event, the trader places both a buy and a sell pending order above and below the current market price, effectively creating a "straddle." These orders are executed if the price moves significantly in either direction due to the news event. Activation: Once the market reacts to the news and triggers one of the pending orders, the corresponding position is opened, while the other order is canceled. This ensures that the trader is positioned to profit from the price movement in either direction. Risk Management: To safeguard against potential losses, traders often implement stop-loss and take-profit orders for both positions. The stop-loss limits potential losses, while the take-profit locks in gains if the price moves significantly. Here is an example of an advanced straddle strategy with a real-life illustration.Remember that you can customize and modify this idea and approach of your strategy, such as determining where to place pending orders, setting take profits, and establishing stop-loss levels based on your discretionary judgment or the results of your backtesting. Suppose we are nearing the announcement of a significant "Red Flag" news item concerning the US Dollar, specifically the Unemployment Claims report. This news is expected to exert a strong influence on the EUR/USD currency pair, resulting in pronounced volatility due to its nature of reflecting the count of individuals who have applied for initial unemployment benefits in the previous week. Given that such data releases strongly affect currency pairs involving the US Dollar, the EUR/USD pair is likely to experience heightened volatility, thus magnifying the significance of this news release due to its anticipated impact. One of the most effective approaches to employing the Straddle Strategy prior to a news release is by placing two pending orders in both directions of the market. This entails setting a buy stop order and a sell stop order, both positioned a few pips above a price structure. In the ideal scenario, these orders would be strategically placed just above and below key support and resistance levels. Once we have determined the optimal placement for the pending orders, it is equally crucial to establish both the stop loss and take profit levels. While leaving the take profit open to allow the news to drive the price movement is a viable option, setting a stop loss is essential for risk management, not only within the context of this strategy but also as a fundamental practice across various market tools, helping to mitigate potential significant losses. In this scenario, the news had a negative impact on the USD Dollar and subsequently positively influenced the EUR, resulting in a robust upward surge that breaches the resistance level. This development triggers the activation of the pending BUY STOP order, leading to a rapid attainment of our take profit target. Before delving further into the details of this remarkable Forex strategy, it's important to grasp certain key points: 1 ) FOREX is never as easy and straightforward as it might appear in books and articles, including ours. It's a complex endeavor that demands careful consideration. 2 ) Every strategy must undergo extensive testing in a demo account to ascertain its compatibility with our individual personality, available time, money management approach, and other relevant factors. 3 ) Backtesting is unequivocally the most accurate means of developing a suitable strategy for future use. The Straddle Strategy is undeniably intriguing and holds the potential to be an excellent approach under specific circumstances. However, it's imperative that you tailor it to your unique requirements and preferences. Benefits of the Straddle Strategy Volatility Advantage: The Straddle Strategy thrives in volatile markets, allowing traders to benefit from significant price movements resulting from news releases or unexpected events. Directional Neutrality: Unlike traditional trading approaches that require predicting price direction, the Straddle Strategy focuses on capturing market movement without bias, making it particularly appealing in uncertain times. Potential for Large Gains: When executed correctly, the strategy can lead to substantial profits in a short period, especially during high-impact news events. Drawbacks and Considerations Cost of Implementation: Straddle trades often require tighter spreads and lower trading costs due to the need for frequent entry and exit points. High transaction costs can eat into potential profits. False Breakouts: In some cases, market reactions to news events might be short-lived, leading to false breakouts that trigger positions but result in limited price movement. Timing and Liquidity: Precise timing is crucial in executing the Straddle Strategy. Entering the market too early or too late could lead to missed opportunities or unfavorable price movements. Additionally, liquidity fluctuations during news releases can affect order execution. Conclusion The Straddle Forex Strategy stands as a powerful tool in a trader's arsenal, providing a way to harness the potential of volatile markets without the need to predict price direction. By capitalizing on significant price movements triggered by high-impact news events, traders can aim to secure profits irrespective of market turbulence. However, like any trading approach, the Straddle Strategy requires a thorough understanding of market dynamics, meticulous planning, and effective risk management to maximize its benefits and minimize potential drawbacks. As with any trading strategy, it is essential for traders to practice on demo accounts and gain hands-on experience before implementing the Straddle Strategy in live trading scenarios.
Education
by FOREXN1
11