Forex48_TradingAcademy

Forex48_TradingAcademy

I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position. Furthermore, after the interest rate hike in the UK...

Forex48_TradingAcademy

I open a short position after an engulfing candle on the H1 chart. These are my exact points of entry, TP, and SL.

Forex48_TradingAcademy

On EURJPY, we can observe a descending triangle pattern, as the price generated a large bearish candle of over 80 pips around 9 o'clock on the H1 timeframe. Currently, the price is approaching a Forex48 block, which is a high reaction zone, especially if there's a double confirmation on the M15 timeframe. If this zone fails to halt the downtrend, the next...

Forex48_TradingAcademy

On gold, we have a bearish setup on both the weekly and daily charts. Occasionally, we have noticed that it is useful to look at clearer and more detailed timeframes. In both the weekly and daily charts, we precisely have a bearish setup with a resistance zone between 1960 and 2040. Within this zone, there is a demand area and a bearish trendline where the price...

Forex48_TradingAcademy

On GBP/JPY, we have a bearish market after breaking the previous lows on the daily chart. The price now seems to have enough strength to go down, but on the 1-hour chart, we have 4 reversal points between 182 and 180.90, waiting confirmation on the 15-minute chart (M15). Additionally, we have only one selling point in case the market retraces to the 182.70 area,...

Forex48_TradingAcademy

On EUR/USD, we have a bullish setup in the H4 timeframe. The price is currently within a range between 1.0980 and 1.0280. The expectation is for a bounce from the lower side of the range, around the 1.0980 area, where we have a trendline support, a Fibonacci retracement level (FVG), and a 50-period Exponential Moving Average (EMA) acting as support. This could...

Forex48_TradingAcademy

On USD/JPY, we have a bullish setup across all operational timeframes. The market experienced a strong impulse around 139. Now, our objective will be to wait for a retracement to around 141.50, where we have a trendline support and a Fvg confluence zone. There are excellent possibilities for the price to bounce and resume its upward movement. Remember always to...

Forex48_TradingAcademy

On CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a...

Forex48_TradingAcademy

I went short on this pair following a specific candlestick pattern and a support/resistance zone on the H4 timeframe. I identified an engulfing candlestick pattern on the 4-hour chart, suggesting a potential change in market direction in favor of my short trade. Furthermore, I noticed that the price has returned within a box that previously acted as both support...

Forex48_TradingAcademy

We have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a...

Forex48_TradingAcademy

On EUR/USD, we have a bearish setup with the price approaching the 1.0996 zone, where we encounter a strong resistance/support area supported by a demand zone in the H4 timeframe and a bullish trendline. At this point, the price could potentially rebound, with a possible target at 1.15, considering that the dollar is expected to adopt an extremely restrictive...

Forex48_TradingAcademy

On XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the...

Forex48_TradingAcademy

I took a position in the GBP/USD market after noticing a confirmed downside breakout below the Point of Control (PoC) followed by 3 re-tests this morning. The price closed below the level of 1.2854, and I decided to enter a short position (sell) as I believed there were good chances for the price to continue going down. My objective (target) was to capitalize on...

Forex48_TradingAcademy

I entered on USD/CAD trade after receiving double confirmations on the m15 chart with an FVG setup, setting my Stop Loss (SL), Take Profit (TP), and entry point. What do you think about it?

Forex48_TradingAcademy

On USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we...

Forex48_TradingAcademy

On CHF/JPY, we have a bearish setup on the H4 timeframe, with the price currently at 162.16 and potentially retracing to 160.40 before resuming upward movement to retest the trendline. Moreover, at that point, we have a FVG, which indicates a high probability of reversal. Let me know what you think. Have a great Trading week, everyone, from Nicola, the CEO of...

Forex48_TradingAcademy

On GBPAUD, I executed a long trade after the price retested a support level at 1.9167. Afterward, I waited for the formation of a demand zone, meaning a breakout of the previous high, with an entry at the zone of 1.9218 and a target at the level of 1.9340. Let me know what you think about it. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.

Forex48_TradingAcademy

On USD/CAD, we have a bullish setup, with the price navigating within a high volatility zone (fvg) since this morning, suggesting a potential long opportunity. Today's trading activity will be focused solely on the London session, as we have significant macroeconomic data from 14:00 to 17:00 Italian time. Currently, I am waiting for the price to close a candle on...