EdgeTradingJourney

EdgeTradingJourney

On USDJPY, we have a market that generated a supply zone around 140.50, then retraced back to the 75% Fibonacci level at 140.50, creating a setup for a short entry. The target is the demand zone around 138.70. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On EURCHF, we have a bearish setup this morning with the price declining and forming a short setup, making it an excellent entry point around 0.971 area. The trade offers a 1:25 risk-to-reward ratio, which is a great setup with the Forex48 strategy. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

We have gold located in the 1940 zone, where we have an excellent demand zone. Primarily, gold could create a short setup here before reclaiming liquidity in the 1985 zone. Alternatively, the price could decrease, creating a short setup with a target of 1880. The decision on the US debt ceiling will be crucial. Let me know what you think. Happy trading to everyone!

EdgeTradingJourney

On GBPNZD, we have a long setup with a price that has started bouncing in the 2.040 zone, where we have a supply area. I expect the creation of a short setup for an entry with a target of 1.9950, where we have significant liquidity left by the market when it reacted to the interest rate news. Let me know what you think. Happy trading to everyone!

EdgeTradingJourney

On USDCAD, we have a price that oscillates between a fake supply and demand in the 1.36 zone. The objective will be to wait for the price in this zone for a possible long setup and then enter with a target of 1.3720. Let me know what you think. Happy trading to everyone!

EdgeTradingJourney

On GBPUSD, we have a bearish setup after the news on the dollar and the possibility of a debt ceiling bailout. We have a price that, after forming a demand zone at 1.23200, rose towards 1.2440 where we have a supply zone with a highlighted short setup in blue. I will be looking for an entry point there. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

In CHFJPY, we have a price that is descending towards the 153 area, where we have a demand zone and where the price could create a bullish setup, potentially returning to the 154 zone. This is because we have observed a significant amount of buying and selling orders both in the highlighted supply zone and in the mentioned demand zone. Let me know what you...

EdgeTradingJourney

In AUDJPY, we have a strong Yen that is driving the price to the 90.600 area, where there is a demand zone and where the market could create a bullish setup due to the significant amount of orders present in that zone. The entry is expected around 90.700 with a target at 91.600. Let me know what you think. Happy trading, everyone.

EdgeTradingJourney

In EURJPY, we have a neutral setup where the price is oscillating between 148 and 150. The expectation is for the price to return to the 149 zone for a long entry with a target at 150. At that point, there is a high volume of executed orders. Let me know what you think. Happy trading, everyone.

EdgeTradingJourney

n EURAUD, we have a bullish setup that has brought the price to the 1.6440 area, where we have a strong supply zone that has already been validated and where the price has formed a bearish setup. The trade objective is a short position with a target at 1.625. Let me know what you think. Happy trading, everyone.

EdgeTradingJourney

n XAUUSD, we have a market that is declining after reaching today's highs at 1985. The price is descending towards the 1960 demand zone where the price could potentially change direction and return to 2015. However, tonight the FOMC data will be released, which could push gold downward, breaking the 1960 zone and taking it down to 1885, where we have a significant...

EdgeTradingJourney

On GBPNZD, we have a bullish setup after this morning's interest rate hike announcement. The price has risen to the 2.0240 area where we have a supply zone. Here, it created a spike, confirming the previous zone. Therefore, I will now wait for the creation of a short setup with a break of the lows and subsequent price rebound in the supply zone before entering...

EdgeTradingJourney

On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540,...

EdgeTradingJourney

On NZDCAD, after a significant decline caused by the increase in interest rates by the Reserve Bank of New Zealand, we have a price that has dropped to the 0.8305 area, where there is a significant validated demand zone and a long setup created in mid-April. The target for this long trade is 0.8486, with a risk-reward ratio of 1:10. Let me know what you think....

EdgeTradingJourney

On the NZDUSD currency pair, we are observing a bullish setup, where the price has attempted to recover by bouncing around the 0.6240 area, where a demand zone is located. In that zone, the market has shown a bullish setup, creating a point of interest (POI). Following the Forex48 strategy, I have opened a trade with a risk-to-reward ratio of 1:2. I would like...

EdgeTradingJourney

On ERUCHF, we have a bearish setup with the price attempting to bounce back around the 0.971 area where we have a supply zone. In that zone, the market dropped, creating a point of interest (POI). Following the Forex48 strategy, I opened a trade with a 1:5 target ratio. Let me know what you think. Happy trading to everyone!

EdgeTradingJourney

On USDJPY, we have a currently bullish setup, a market that has just broken the highs at 138.60 and has formed a Point of Interest (POI) within a demand zone with spike convalidation. Following the Forex48 strategy, I have set a long trade with highlighted targets. Let me know your thoughts. Happy trading to everyone.

EdgeTradingJourney

On XAUUSD, we have a primarily bullish setup that is currently retracing in the 1960 area and attempting to move back above 2000. My trade is based on the Forex48 2.0 strategy, which is a well-defined graphical configuration. Let me know what you think. Happy trading to everyone.