EdgeTradingJourney

EdgeTradingJourney

On GBPAUD, we have a bearish setup around 1.869. As the price has been descending, it has formed a validated supply zone with two spikes around 1.8780. Following the Forex48 strategy, I have highlighted the entry zone defined as the Point of Interest (POI). The target for the short trade is expected at 1.8620. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On GBPCAD, we have a primarily bearish setup with a price that attempted to change its structure on Friday without success. This morning, the price created a short setup with the entry point highlighted in yellow. All of this follows the Forex48 strategy. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy

EdgeTradingJourney

On CADJPY, we have a price that, after a bounce around 102.70, has returned to the level of 102 where we have a relatively insignificant demand zone. Coming down from a supply zone, the price has formed an interesting Point of Interest (POI) with spike convalidation, meaning it has formed a bearish setup with an entry at 102.54 level. Let me know what you...

EdgeTradingJourney

On AUDUSD, we have a bullish setup this morning with a trade that started after defining a point of interest (POI) overnight, which is a bullish setup. The objective is to wait for a bounce around 0.6620 or enter around 0.664 if a bullish setup forms. The target is in the 0.76 zone. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy

EdgeTradingJourney

On GBPAUD, we have a bearish setup that, after reaching highs around 1.8780, is heading back down towards 1.8620. To reach our point of interest (POI) zone, the market could bounce around 1.8680 before descending to 1.8620, where the long trade will initiate with a target of 1.8780. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On this, we have a bearish setup that overnight created a zone of interest for a short trade within a supply area around 1.9960. The objective is to wait for a bounce in that highlighted yellow zone and then enter a short trade with a target of 1.98. Pay close attention, as after days of congestion, the market seems to be showing some momentum. Let me know what...

EdgeTradingJourney

EUR/GBP shows a neutral structure with a price ranging between 0.8730 and 0.8670. The Forex48 strategy has identified a bullish setup for a long entry within a demand zone around 0.868, with a target of 0.8730. Let me know your thoughts. Happy trading to everyone. Forex48 Trading Academy

EdgeTradingJourney

NZDCAD has formed a bullish structure since Tuesday, May 16th. Currently, we have a price that has established a demand zone around the 0.84 level, creating a bullish setup highlighted in yellow around 0.842. The objective is to enter a long trade with a target of 0.85. Let me know your thoughts. Happy trading to everyone.

EdgeTradingJourney

EUR/JPY is currently presenting a bullish setup, meaning that the price is rising towards 149 where a supply zone is located, providing a short setup as identified by the Forex48 strategy for entering a short trade. The objective here would be to wait for the price to reach this zone and then enter with a target of 148. Let me know what you think. Happy...

EdgeTradingJourney

EURNZD presents a bearish setup with a price that, after bouncing off the trendline and a truly strong area of interest, appears to be heading towards the target of 1.72. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy

EdgeTradingJourney

On this pair, we have a price that is consolidating between 2000 and 2020. My analysis suggests a short entry at the level of 2015.50, where we have a supply zone with a Point of Interest (POI) confirmed by 3 spikes and a descending trendline in which the price could make the third touch before descending towards the target of a 1:2 risk-reward ratio at 2000....

EdgeTradingJourney

GBPJPY is presenting a bullish structure this morning. The price is approaching the 170.48 area, where we have a supply zone. At that point, the market formed a short setup on May 10th, confirmed by the Forex48 1.0 strategy. Additionally, the price at this point could bounce off a bearish trendline, completing the third touch. The target for the short entry is...

EdgeTradingJourney

XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and...

EdgeTradingJourney

GBPAUD currently has a slightly bullish setup this morning after a strong decline last week. The objective is to wait for the trade at 1.8630, where there is a demand zone with three confirmations and a bullish setup for market entry in the highlighted yellow area. Let me know your thoughts. Happy trading to all. Forex48 Trading Academy

EdgeTradingJourney

On CADJPY, we have a bullish setup since Thursday. Currently, the price is around 100.70 and rapidly ascending. The expectation is for a bounce around 100.95, where we have a supply zone with a bearish setup identified by the Forex48 strategy. In addition to this potential entry, we have another one around 101.60. Both entries look promising; we will see which one...

EdgeTradingJourney

On this pair, we are experiencing a bullish moment for the pound; it is simply reacting to the news. The objective is to wait for a price retracement in the area of 1.86, where we have an excellent supply zone that has been validated three times and where the market has created a bullish setup. The target objective is 1.89. Let me know what you think. Happy...

EdgeTradingJourney

As you can see on this chart, the price has declined in the last two days after reacting to the news about the pound and the dollar. The downward movement was expected according to the manual. In fact, there has been a setup ready to enter a long position on the pound for the past two weeks. Let me know what you think. Happy trading to everyone.

EdgeTradingJourney

On this pair, I have identified an entry using the Forex48 1.0 strategy. The strategy involves entering long when the price forms a demand within another demand. The stop should be placed at the second low compared to the low of the demand. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy