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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
GBP/JPY Is there another long trade?Good morning traders! On GBP/JPY, we have a new long setup following Friday's trade. The price seems to have reacted overnight in the highlighted yellow key zone at the 183.62 level, where there's a high concentration of orders and a strong potential for a reversal. Today, there are no significant macro data updates expected, so I anticipate a possible retracement to the 183.50 level. There, I will evaluate re-entering the market long with a potential target at the 184.300 level. Of course, I'll always await my strategic confirmations: an H1 close above the point of control (POC) with an immediate market reaction. Comment and leave a like to support our efforts. Have a great day, Nicola the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
XAUUSD Break and Retest with short trade!Goodmorning Traders, In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the channel. After a week of mixed data for the dollar between the PPI and the CPI, it is now time for selling. Gold is poised to return to levels not seen in months, around 1880-1900. Feel free to comment and leave a like to support our work. Happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
2
AQN Algonquin Power & Utilities Corp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AQN Algonquin Power & Utilities Corp prior to the earnings report this week, I would consider purchasing the 10usd strike price in the money Puts with an expiration date of 2023-8-18, for a premium of approximately $1.77. 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.
NYSE:AQNShort
by TopgOptions
AUD/JPY Bearish structure with entry point!Good afternoon traders, I was examining the AUD/JPY exchange rate ahead of the USD data, and I noticed that a bearish pattern has formed with a very interesting entry point. In fact, we have a reversal point within a supply zone supported by volumes and an impressive 15-minute chart at the level of 94.47. In summary, all the elements are in place to consider a short position in case of a bounce in that area. Naturally, I will wait for the data before making an entry since we never know what volatility might impact the market. Let me know what you think, leave comments, and give a like. Happy trading to all.
Short
by Forex48_TradingAcademy
Trading RSI Divergence: Unveiling Potential Opportunities In the world of technical analysis, the Relative Strength Index (RSI) serves as a valuable tool for traders seeking to identify potential trend shifts and entry points. RSI divergence, a divergence between the RSI indicator and the price movement, is a powerful signal that can offer insights into upcoming price reversals. This article provides an in-depth exploration of how to identify RSI divergences and the different types that traders encounter. Understanding RSI Divergence: RSI divergence occurs when the movement of the RSI indicator diverges from the movement of the price chart. It can signal a change in momentum and a possible upcoming trend reversal. There are two main types of RSI divergence: bullish and bearish. Bullish Divergence: Bullish divergence happens when the price forms lower lows while the RSI forms higher lows. This suggests that although the price is trending downward, the RSI is showing potential upward momentum. Bullish divergence can indicate that a downtrend might be losing steam and a bullish reversal could be imminent. Example of Bullish Divergence : Bearish Divergence: Bearish divergence occurs when the price forms higher highs while the RSI forms lower highs. In this scenario, the price is moving upward while the RSI indicates a potential loss of upward momentum. Bearish divergence can signal that an uptrend might be weakening and a bearish reversal could be on the horizon. Example of Bearish Divergence : Identifying RSI Divergence: To spot RSI divergence, follow these steps: Analyze Price and RSI Trends: Examine the price chart and the RSI indicator. Pay attention to the highs and lows on both the price chart and the RSI line. Look for Discrepancies: In bullish divergence, when the price forms lower lows, check if the RSI forms higher lows. In bearish divergence, when the price forms higher highs, check if the RSI forms lower highs. Confirm with Other Indicators: Utilize other technical indicators or chart patterns to confirm the divergence signal. These indicators can strengthen the validity of your divergence findings. Consider the Trend: Evaluate the prevailing trend on higher timeframes. Divergence signals are more significant when they align with the broader trend direction. Be Mindful of Timeframes: RSI divergence signals can occur on various timeframes. Consider using multiple timeframes to validate and refine your divergence analysis. Conclusion: RSI divergence is a potent tool that traders can use to identify potential trend reversals and entry points. By understanding the different types of RSI divergence and following a systematic approach to identification, traders can gain valuable insights into the underlying momentum of an asset's price movement. Remember that while RSI divergence can provide powerful signals, it's essential to use it in conjunction with other technical analysis tools for a comprehensive trading strategy. 🚀🔍
Education
by Yaroslav_Krasko
GBP/AUD Long structure with entry point!Good morning traders. I was taking a look at GBP/AUD after the recent increase in GDP data, and it seems that the pound is gearing up for a strong rally. In my view, I foresee a slight retracement around 1.9460 where we have a confluence at H1, an intersection between two trendlines, and a demand zone – three clear signals for a long entry. Of course, everything needs to be contextualized, and the right confirmations should be awaited before entering long. Comment below and leave a like. Greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
XAU/USD Bearish structure with entry point!In this analysis, we observe gold showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, there is evidence of decreasing swing highs and swing lows. After the Consumer Price Index (CPI) data release, gold started to decline due to the strength of the dollar. It broke a swing low, which signifies the continuation of a bearish price structure. Despite this, it might be prudent to consider waiting for a retracement to the midline of the bearish channel. From there, one could await appropriate confirmations to enter a short position, with a potential target around 1900, corresponding to the previous swing low. Please keep me updated on your thoughts. Wishing successful trading to all!
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EUR/USD Swing confirmation with long entry!Good evening traders, I was taking a look at EUR/USD and I noticed a perfect swing confirmation. The price has confirmed a short trend on the M15-H1-H4 timeframes, which could lead the price to the 1.0950 - 1.0980 zone where a price rotation might occur. At that point, I'll wait for further confirmations before considering a long position. In that area, the price could perfectly retest a crossover between two trendlines, with the euro gaining strength and potentially returning to the 1.1150 levels. Please comment and leave a like to support our work. Greetings and have a great day!
Long
by Forex48_TradingAcademy
2
USD/JPY Break of a Swing High with entry!Good morning traders, on USD/JPY I've noticed a breakout of an H4 swing high at the 143.80 level. This could very likely indicate a short-term bullish trend. In fact, I've placed a solid order block where a long entry could be considered upon confirmation. Our target will naturally be the next swing high at the 144.50 level, which aligns with a demand zone and an important point of interest (POI) on the H1 chart. Comment below and drop a like to show support for the effort. Happy trading to all.
Long
by Forex48_TradingAcademy
EUR/USD Change of structure with entry!This morning, I'm closely observing the EUR/USD market as the CPI data release is anticipated. Currently, I'm noticing a bullish structure on the chart. I'm paying special attention to the level 1.09960, where a previous high occurred on the 4-hour (H4) timeframe. I believe that in this zone, there could be a confirmation of the upward trend, especially considering the negative forecasts for the CPI. So, in the event that the candle on the 1-hour (H1) timeframe closes above the level of 1.09960, there might be a potential demand area between 1.0965 and 1.0980. In that case, the market could push up to the next high on the 4-hour (H4) timeframe at 1.1040.
Long
by Forex48_TradingAcademy
1
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