Forex48_TradingAcademy

Forex48_TradingAcademy

On the S&P 500, I've identified a break of a Swing Low at the level of 4378.80 on the H4 timeframe. This allowed me to spot a supply zone on H4 and subsequently on H1, where the price could reverse. In fact, I've marked this area in gray and there I'll await a retracement, which I'll assess on M15 and H1 to decide whether to enter a short position or not. In case...

Forex48_TradingAcademy

In GBPJPY, we have a bullish setup, but the price has shown signs of weakness and seems to have given hints of a reversal. Currently, we have a price that has broken the swing low at the 185.78 level on both the 15-minute and 1-hour charts. However, to confirm this, we would need a swing break with a 4-hour candle. If the market manages to create this setup, we...

Forex48_TradingAcademy

On EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and...

Forex48_TradingAcademy

In the USD/CHF pair, we can observe a long trend on the H4 timeframe, which started on July 27th, now about two weeks ago. My expectation revolves around a potential long trend if the market retraces to the 0.8780 area. This level corresponds to the 0.5% Fibonacci retracement, marking the 7th touch of the trendline. Additionally, considering the context, we are...

Forex48_TradingAcademy

Good morning traders, while observing USDCAD, I've noticed how the price is clearly trending upwards, and this has been confirmed by the breakout of a higher swing at the 1.3490 level. After that breakout, the price retraced, retesting that level until touching the bullish trendline. From there, a strong impulse started towards the 1.3580 level as the first...

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 AUD/USD, we have a bearish setup with a trendline that was breached this morning with a simple TOUCH, the third one. The market indeed used it as a resistance, precisely retracing to the 61 Fibonacci level. Now, I anticipate a short position with a target at 0.6360. Happy trading, everyone.

Forex48_TradingAcademy

Good morning traders! While observing USD/JPY, I have noticed that the price at the 145.48 level aligns precisely with the third touch of an H4 bullish trendline. Today, we have the FOMC, so please exercise caution. In my opinion, the price could provide clear reversal signals in the event of a trendline break and subsequent re-test, which could lead the price to...

Forex48_TradingAcademy

Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions,...

Forex48_TradingAcademy

On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current...

Forex48_TradingAcademy

Good afternoon traders, I was observing the EUR/USD and I've identified a potential zone for a sell. At the level 1.0940, we have a FVG, which stands for a block of inefficiency that the market could reach and then retrace. Additionally, I'm noting the creation of a bearish trendline with a double touch, which might lead me to think that the third touch will be...

Forex48_TradingAcademy

On GBP/CHF, I'm considering a long entry. Currently, we have a neutral structure, slightly more long than short. I've highlighted a highly reactive reversal zone where the price has already shown strong responsiveness at the 1.1115 level. At the moment, there are no confirmations for a long position, but I'm mainly waiting for an H1 close within the area and then...

Forex48_TradingAcademy

Good morning traders! On GBP/JPY, we have a new long setup following Friday's trade. The price seems to have reacted overnight in the highlighted yellow key zone at the 183.62 level, where there's a high concentration of orders and a strong potential for a reversal. Today, there are no significant macro data updates expected, so I anticipate a possible retracement...

Forex48_TradingAcademy

Goodmorning Traders, In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the...

Forex48_TradingAcademy

Good afternoon traders, I was examining the AUD/JPY exchange rate ahead of the USD data, and I noticed that a bearish pattern has formed with a very interesting entry point. In fact, we have a reversal point within a supply zone supported by volumes and an impressive 15-minute chart at the level of 94.47. In summary, all the elements are in place to consider a...

Forex48_TradingAcademy

Good morning traders. I was taking a look at GBP/AUD after the recent increase in GDP data, and it seems that the pound is gearing up for a strong rally. In my view, I foresee a slight retracement around 1.9460 where we have a confluence at H1, an intersection between two trendlines, and a demand zone – three clear signals for a long entry. Of course, everything...

Forex48_TradingAcademy

In this analysis, we observe gold showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, there is evidence of decreasing swing highs and swing lows. After the Consumer Price Index (CPI) data release, gold started to decline due to the strength of the dollar. It broke a swing low, which signifies the...

Forex48_TradingAcademy

Good evening traders, I was taking a look at EUR/USD and I noticed a perfect swing confirmation. The price has confirmed a short trend on the M15-H1-H4 timeframes, which could lead the price to the 1.0950 - 1.0980 zone where a price rotation might occur. At that point, I'll wait for further confirmations before considering a long position. In that area, the price...