EdgeTradingJourney

EdgeTradingJourney

On gold, I have identified a long opportunity. After examining the asset, I have set my strategy to enter on 25% of the demand zone if the price breaks the previous high with three consecutive bullish candles in both H1 and M15 timeframes. Let me know your thoughts. Happy trading to all. Forex48 Trading Academy

EdgeTradingJourney

On this pair, we have an excellent support zone in which the price made a false break, effectively validating my trading position. The objective is to wait for the price to reach the highs at 172.11 and then identify a possible entry point within the demand zone. Let me know your thoughts. Happy trading to all.

EdgeTradingJourney

On NZDCAD, we have the price located in the 0.8375 area. According to my view, there are three possible scenarios, two bullish and one bearish. The first aims at a break of the supply zone in the 0.84200 area. The second scenario aims to wait for a retracement of the price in the 0.82900 area, where there is a very effective demand zone that has generated further...

EdgeTradingJourney

On this pair, I have highlighted a very strong demand zone at 0.6570 - 0.6580. At this point, there is a possibility that the price will create an area to use as an entry point for a short or long trade. However, the possibility of a long trade does not exclude that of a short trade. Remember to look at both directions and never focus only on one perspective....

EdgeTradingJourney

On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price...

EdgeTradingJourney

On NZDCHF we have a bullish structure that broke a supply zone at 0.5480 and is now at 54.90 where the price is continuing to bounce on a new supply zone. The price has made false highs on this zone and within this supply, it has made a demand zone that I used to open a long trade with a target RR of 1:4. Let me know what you think. Happy trading to...

EdgeTradingJourney

On this exchange, we can see a fairly congested market. My idea is that the price may return to the demand zone next week, predicting a stronger yen at the expense of the dollar, which has been losing ground for weeks now. However, the price could also violate the supply zone. Let me know what you think. Happy Trading to all. Forex408 Trading Academy

EdgeTradingJourney

On this pair, I have noticed that the price, after a bullish run, has started to bounce on a demand zone that has been present since March. My goal will be to wait for a price retracement within a mini supply zone that I have highlighted in red called POI and then set a short trade. Let me know what you think. Have a nice trading! Forex48 Academy

EdgeTradingJourney

Good morning guys, On EUR/JPY, we have a bullish daily trend. According to my view, the price could retrace to the 148.300 area, where I have identified a POI zone. This will be my area of ​​interest in which I will look for a short trade. Let me know in the comments what you think. Happy trading to everyone! Forex48 Academy

EdgeTradingJourney

On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade. Let me know what you think in the comments. Happy trading, everyone.

EdgeTradingJourney

I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade. Let me know in the comments what you think. Good trading to all.

EdgeTradingJourney

On NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential...

EdgeTradingJourney

On this currency pair, I have identified a supply zone that caused the price to drop drastically to the 0.903 area, where the price created two demand zones. The first one that was generated was subsequently broken, and this will be used as a possible entry point if the price creates a setup for a short trade. Let me know what you think in the comments. Happy...

EdgeTradingJourney

I have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade. Let me know in the comments what you think. Happy trading to everyone, bye.

EdgeTradingJourney

In EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade. Let me know your thoughts in the comments. Happy trading to everyone, bye.

EdgeTradingJourney

In GBP/JPY there is a supply since December. I used this supply to look for a potential entry point. I opened a short position this morning with a 1:8 risk-reward ratio target. Let me know in the comments what you think. Happy trading everyone.

EdgeTradingJourney

In USD/CAD we have a supply that was broken this morning. The price hit my stop loss in the previous short trade. However, subsequently it created a demand that allowed me to enter a long position. Risk-reward ratio is 1:6. Let me know what you think in the comments. Have a nice Trading, Bye!

EdgeTradingJourney

On this exchange, we have an excellent supply zone with spikes that the price has generated, resulting in false breakouts. I entered a short position with a target of 1.5. Let me know what you think. Happy trading, bye.