EdgeTradingJourney

EdgeTradingJourney

On the SPX500, we have a bullish trend and a price that, after the approval of the US debt package, could reach the 4300 area where we have a supply zone in H1. The price could bounce before going back down to the 4130 area, creating a short setup according to the Forex48 strategy. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On GBPNZD, we have a short setup that has halted around the 2.0529 area, where we have a strong demand on the H1 timeframe. The price might bounce upwards from here, forming a textbook long setup for the Forex48 strategy. Therefore, the long objective is to target 2.07, where we have significant volumes. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

EURAUD is currently located in the 1.62 area, where we have a strong demand zone that has temporarily halted its downward movement. We will see if the price manages to reverse here and move upwards, creating a long setup with a potential take profit target around the 1.64 area, where we have significant volumes. All of this aligns with the Forex48 strategy. Let...

EdgeTradingJourney

On gold, we have a bullish setup. The price is near a supply zone and has just come out of a demand zone with high volumes. Everything will depend on today's NFP data. The objective is a bounce in the 1979 area with a target of 2010, or a retracement towards the 1940 area. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On GBPUSD, we have a bullish/neutral setup in anticipation of the Non-Farm Payrolls (NFP) data, which will be released in approximately one hour. The objective will be to look for a bearish setup if the price falls below the supply zone and then bounces back around 1.2520. Otherwise, a long position with a target of 1.26 could be considered, and this might be...

EdgeTradingJourney

On AUDUSD, we have an important Point of Interest (POI) at the 0.6505 area, created by the market exiting a demand zone. Following the Forex48 strategy, the objective is to wait for a rebound in that zone for a long entry with a target of 0.6550. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On XAGUSD, we have a price that, after reaching the 23.50 zone where we have a supply zone, bounced back down, effectively creating a short setup with an entry at 23.55. I anticipate a short position with a target of 23.10 to test the demand zone and the bullish trend line. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the...

EdgeTradingJourney

On CHFJPY, we have a price located around 152.90 where we have a strong demand zone. Following the Forex48 Trading Academy strategy, I will aim to wait for a slight upward movement with the formation of a Point of Interest (POI), which is a bullish setup, and then enter a long position with a target of 155.40. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On EURJPY, I predict a decline towards 146, where we have a strong demand zone. After the sixth confirmed touch of a bearish trendline around 149, the price has resumed its descent. There is an expectation of a weak euro and a strong USD in anticipation of the congress, while the yen tends to strengthen in times of danger as it is considered a second safe-haven...

EdgeTradingJourney

On NZDUSD, I expect a bounce in the demand zone around 0.5990, with a target in the 0.6130 area. Pay attention to the vote on the US debt. There may be low volatility in today's session, but significant volatility could arrive at 8:30 PM. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On USDJPY, I anticipate a retracement towards the 1.3450 area where we have a significant demand zone that has already resulted in a successful trade last week, and where the market has formed a bullish setup before pushing higher. Therefore, I will enter around 1.3450 with a target at 1.4050. Pay attention to the vote on the US default. Let me know what you...

EdgeTradingJourney

On NZDJPY, we have a price that is currently in the 84.48 area, where we have a demand zone. The price is creating a significant liquidity area there, and a long setup could potentially be formed to reach the 86.60 area, covering the entire market inefficiency. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On this pair, I predict a price return to the 172.47 area, where we have a demand zone. There, I believe the price will create a long setup for a return to the 174 area, which represents all-time highs. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On GBPUSD, we have a market that is currently at the 1.2430 area, where we have an excellent point of interest (POI) with a supply zone. The price could potentially drop with a great trade risk-reward ratio of 2.5 in the 1.2340 area, and then bounce back up to the 1.2470 zone where we have a strong supply zone. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On XAUUSD, we have a long setup that, after creating false lows around 1935 and effectively spiking on a demand zone, the price has risen, breaking previous highs and creating a perfect long setup for a trade entry. All of this follows the Forex48 strategy. Therefore, I entered the position at 1940 with a target of 1981. Let me know what you think. Happy...

EdgeTradingJourney

On AUDUSD, we have a price that, after forming a demand zone around 0.6530, retraced to the 0.75 Fibonacci level, creating a long setup. The target for this trade is 0.6650 with a risk-reward ratio of 1:6. Let me know what you think. Happy trading, everyone.

EdgeTradingJourney

On NZDCAD, the price declined to the 0.8220 area, forming a bearish setup according to the guidelines of the Forex48 strategy. Therefore, the objective is to wait for a retracement to the 0.8240 area and then enter a short position with a target of 0.82 and a risk-to-reward ratio of 1:2.5. Let me know your thoughts. Happy trading to everyone.