Forex48_TradingAcademy

Forex48_TradingAcademy

On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an...

Forex48_TradingAcademy

On gold, we have a bullish setup supported by a significant trendline that has generated a lot of liquidity. The price is currently sandwiched between two swings, specifically between 1924 and 1912. There are two expectations: Firstly, a potential price increase towards a block supported by the latest 4-hour candle that led to the breakout of the 1922 swing low...

Forex48_TradingAcademy

On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I...

Forex48_TradingAcademy

On GBP/JPY, I entered the market after a significant decline in the pound following negative data yesterday, as both the manufacturing and services sectors were confirmed to be contracting. I chose to enter at a strategic zone, following the breakout of a swing high on the H4 chart at the 184.25 level. Afterward, I attempted to identify interesting areas on the H4...

Forex48_TradingAcademy

On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an...

Forex48_TradingAcademy

In GBPCHF, we have a bearish setup with the price dropping sharply this morning after the negative news of a contraction in manufacturing and services in the Eurozone and the UK. I will look to enter a short position if the market retraces to a target zone at the level of 1.1190, which is a forex48 block where it's highly likely for the price to reverse. Of...

Forex48_TradingAcademy

On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the...

Forex48_TradingAcademy

On gold, we have a bearish channel with a price that is slowly starting to rotate around the 1897 area. In fact, as you can see, the price seems to have gained significant liquidity in the 1980-1990 zone. At this point, I expect a breakout of the swing high at the 1904 level, and this would give me confirmation for an uptrend. Subsequently, I would be looking for...

Forex48_TradingAcademy

On GBP/CHF, we have a long setup with a dominating trendline in the market, featuring a double liquidity grab followed by a touch and go. Currently, I'm still waiting for the third touch and go, but I wanted to try this long entry with a 0.5% risk and a 1:1.5 risk-reward ratio. Since the market might hold surprises during the Asian session and considering tomorrow...

Forex48_TradingAcademy

In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone...

Forex48_TradingAcademy

On the USDCAD, we observe a bullish structure characterized by two trendlines: a longer one originating on 07/07 and a slightly smaller, higher one that began on 11/08. The gap between these two trendlines presents a divergence, indicating a space that the market could potentially fill. Additionally, the price is nearing what could be the third touchpoint of the...

Forex48_TradingAcademy

On the S&P 500, we have a bullish setup after the price during the London session broke a H4 swing high at the level of 4383. By breaking the market structure, the price has marked a cluster of orders, a demand zone at the level of 4366-4369 where the price could retrace and where a long position could be considered. Furthermore, the price might extend its move up...

Forex48_TradingAcademy

I've identified a trading opportunity on the GBP/CHF currency pair. After the price returned to the lows to capture previously left liquidity in the 0.6480-0.65 range, you've set up a long trade. Currently, you expect a bounce in the demand zone along with the validation of the bearish continuation pattern (FCV) on the H1 time frame. This validation could lead to...

Forex48_TradingAcademy

On GBPAUD, I've identified an interesting long setup. The price could potentially move from 1.9780 to 2.02 without apparent obstacles. My idea is to open a long position on this currency pair. Currently, the price is in a zone that we could define as "hot," as it's situated between a demand zone and a supply zone. Within this same zone, the market has generated...

Forex48_TradingAcademy

On USD/JPY, I've identified a bullish structure that was breached on Friday during the London session. Additionally, the price has started forming a strong bearish trendline supported by the price at the 146 level. Furthermore, the price has broken a swing low at the 145.60 level, establishing a key zone, namely a supply zone, where I'll be looking for a short...

Forex48_TradingAcademy

I entered a short position on XAU/USD after noticing a significant break of a swing low at the 1896 level, further supported by a bearish channel on gold. My trade involves an entry at a supply zone at the 1902 level on the H4 timeframe, where we have a box containing the last buying orders before the major sell-off that led to the break of the H4 swing low. I've...

Forex48_TradingAcademy

On EUR/USD, we have a bearish setup following lower highs and lower lows. I've decided to enter the market as the price on H4 broke two swing lows, one at the level of 1.0862 and the other at the level of 1.0855. I entered on the price retracement at the level of 1.0875 where we have an H4 supply zone, a truly significant area as it was the last bullish candle...

Forex48_TradingAcademy

Good afternoon traders! On GBP/USD, we have an interesting setup. Today, there are no major macroeconomic data releases, and the market seems to have regained good volatility after a week of little movement. The market is showing a breakout of a swing low on the H4 timeframe at the level of 1.2727, followed by a retracement to the H4 supply zone. This retracement...