EURAUD - SUPPORT BECOMES RESISTANCE📉Hello Traders👋🏻
On The Daily Time Frame The EURAUD Price Reached A Support Level (1.60735-1.60358) !
The Price Failed to Create New Bullish Move📈and Broke The Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 1.59221🎯
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Supply Zone
SWING TRADING: LONG EURUSD. TARGET 1.07900TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 1.07000
STOP LOSS: 1.06450
TAKE PROFIT: 1.07900
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
AUDCHF - RESISTANCE BECOMES SUPPORT📈Hello Traders👋🏻
On The Daily Time Frame The AUDCHF Price Broke The Resistance Level (0.60648-0.60276)✔
Currently, The Resistance Level Becomes New Support Level📈
So, I Expect a Bullish Move📈
i'm waiting for a retest....
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TARGET: 0.61855🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
XAUUSD SHORT BEFORE FED RATESOn gold, we have a price that, after reaching the 1965 zone within a supply zone, reversed its course due to the significant volume present in the area. Now, the price has started to decline, and a target is expected around the 1946 zone, where there is a high concentration of orders and a demand zone at the 1943 level. Therefore, currently, we have a profitable short trade.
Share your perspective.
Wishing everyone successful trading, Nicola, CEO of Forex48 Trading Academy.
USDCHF - BEARISH MOVE📉Hey Traders👋🏻
The USDCHF Price Reached A Support Level (0.90568-0.90350) !
Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level)
Moreover, The Price Broke The Support Line 📈
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.89806🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURGBP I Headed to retest demand zone and will possibly break itWelcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD SHORT SETUP BEFORE FED NEWSOn EURUSD, a bearish trend can be observed, with the price retracing to the 50% Fibonacci level and then bouncing three times on a downtrend line, indicating clear short signals. Currently, the price is situated between a supply and a demand zone at the 1.0675 level, with volumes favoring sellers. Therefore, the objective is a short trade with a target of 1.055. It is worth noting that the short position will be confirmed by an initial break below the 1.0635 level.
What is your perspective?
Happy trading to everyone.
Nicola, CEO of forex48 trading academy.
BRENT OIL IS READY FOR A SHORT TRADEOil is showing a bearish trend with a price that has bounced three times on a downtrend line. Currently, it is in a demand zone, which is a small market support. The outlook shows a bearish triangle pattern, with the price potentially breaking downwards before bouncing back up prior to a short position with a target of 72.56.
What is your opinion?
Happy trading to everyone.
Nicola CEO
Forex48 Trading Academy
Grabbing the best possible trade on NQ1!Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous shorts will be stopped out and new longs will be trapped. That's the best possible time to enter short and ride the reversal back down here on CME_MINI:NQ1!
SPX500 SHORT SETUP H1 BEFORE FED RATESThe price is currently in a bearish moment at the level of 4270, with a potential bounce zone around 4284, which corresponds to the 50% Fibonacci retracement level and a high-volume trading area. The objective of the short trade is to target 4220, where we have the 61% Fibonacci retracement level with high volumes and a demand zone for support before potentially dropping further to touch 4187. A descent is expected in anticipation of the Fed's interest rate hike next week.
Let me know what you think.
Happy trading to everyone.
Mara: Price will retrace to $8.89Breaking below $9.58 will initiate a change of structure ( choch ) at which point, puts may be permissible. My target price in this situation would be $8.90. If you view this stock on a larger time frame, we've been ranging for quite some time.
Now, on the off chance that we break and hold above that $10.39 supply, it may be a good idea to go long.
NFA.
AUDJPY BEARISH SETUP AFTER NEWSOn AUDJPY, I anticipate an upward movement towards the 92.80 area tomorrow morning after the interest rate decision in Australia, which would create a bearish setup to reclaim all the liquidity left in the market due to the news. Therefore, the trade objective is to enter a short position around 92.85 with a target set at 90.70.
Let me know your thoughts.
Happy trading to everyone.
Extreme Demand for EUPrice is at the extreme discount of the range and we could see it start to go up. There was a sweep of liquidity which led to a BOS which is why I think this is a high probability zone. Going to wait for a choch on the daily then will look for entries on lower time frames targeting the daily high
GBPAUD I Approaching supply zone where it may fallWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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