Forex48_TradingAcademy

Forex48_TradingAcademy

On GBP/USD, we have a bearish setup after the US GDP data surprised expectations, causing the dollar to gain strength. Following two days of meetings between the Federal Reserve (Fed) and the European Central Bank (ECB), the market has finally broken out of a trading contraction and regained its normal volatility. Currently, I anticipate a minor price retracement...

Forex48_TradingAcademy

On NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our...

Forex48_TradingAcademy

Good morning traders, today I present this idea on GBP/USD. On this pair, we have a bullish setup after the news from Europe about the dollar. The market, while rising, broke through a supply zone, creating an important reaction area known as a "Forex48 block" on the M15 timeframe. If the price reaches this zone and provides the necessary confirmations on M15, I...

Forex48_TradingAcademy

On GBPAUD, we have a bullish setup with the price that has just retraced to a Forex48 block, a strategy devised by our CEO. The trade, with the H1 candle closing outside the block, will be set to break-even, so we will have a risk-free position. The target will be set at an RR 1:4, which means at the level of 1.92. Greetings from Nicola, the CEO of Forex48 Trading Academy

Forex48_TradingAcademy

On CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a...

Forex48_TradingAcademy

On USD/JPY, we have a bearish setup with a trendline holding from the level 141.90. Currently, the price is at 140.70, where it could break the previous minimum before a re-test. If the re-test is confirmed properly, it could give us a clear signal for a short trade with a target at 139.90. Let me know what you think. Happy trading to everyone from Nicola, the CEO...

Forex48_TradingAcademy

On this trade, we have a bullish setup after the price broke a bullish trendline and bounced off the intersection of two trendlines. I positioned myself long exactly after an H1 confirmation at the 1955 level. I've set the target around 1990, where we have a FVG (Failed V-shaped pattern), which indicates a possible zone for a short trade in case there are...

Forex48_TradingAcademy

On EURJPY, we have a bearish setup with the price retracing to the 0.5 Fibonacci level at 156.25, where it formed a pin bar. Personally, I used this pin bar as a signal to enter a short position on this trade with a target of 155, which is the previous H4 low. Let me know what you think. Happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.

Forex48_TradingAcademy

On GBPJPY, we have a bullish setup on both the H1 and H4 timeframes. The price is currently at the level of 181.70 and could reach the zone around 182, where we have a supply zone and a significant price level (FVG), presenting an opportunity to look for a short trade, provided we receive the appropriate confirmation on the M15 timeframe. Patience is the key. Drop...

Forex48_TradingAcademy

In the USD/CHF currency pair, we have a long setup after the price has broken the high at the level of 0.8680. From here, the price could move towards 0.88 since this upward movement has little resistance and is full of inefficiencies. In other words, the market has dropped too quickly, and usually, within 10-20 days, it tends to fill this gap. This is also in...

Forex48_TradingAcademy

On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's...

Forex48_TradingAcademy

On gbpnzd, we have a bearish setup after the trendline breakout this morning following the Eurozone PMI data. The price is heading towards the 2.0485 area, where we have a POC (Point of Control), which is a specific entry point for a long trade if the price reaches and bounces from the POC, representing the highest concentration of orders. In that zone, the market...

Forex48_TradingAcademy

In the EURCAD pair, we have a long setup with the price about to break a supply zone, starting from a demand zone at 1.47. After the breakout, I expect a bounce as the price could form a pattern of our invention, called Forex48 Block. Here, we could enter long with a target around 1.4870. Let me know what you think, share your analysis, give a like to support our...

Forex48_TradingAcademy

On AUD/USD, we have a bearish setup, with the price possibly bouncing back to the 0.6745 area before further descending, as we have a FVG there, which means a point of high probability of reversal. The price could then drop to the 0.6670 zone, where, in addition to a bullish FVG, we also have a Forex48 block, providing two points of reversal that the price could...

Forex48_TradingAcademy

On USDCAD, we have a bullish setup with the price in the 1.3224 zone. There's a bullish trendline with a double bounce, and we're anticipating a third bounce around 1.32020, where we also have a Volume Profile Gap (FVG). This presents excellent opportunities for the price to rebound at that point and go long, with a potential target around 1.327, which is a sell...

Forex48_TradingAcademy

Regarding GBP/NZD, we have identified a bearish setup with decreasing highs and lows. It's immediately noticeable that the price has dropped over 320 pips, equivalent to 2.5%, in the last two weeks, indicating that the market is already pricing in the Federal Reserve's interest rate hike. In my view, I expect the price to potentially reach the level of 1.2812,...

Forex48_TradingAcademy

Regarding EURUSD, we have a bearish trend starting from 1.1230, with the price heading towards the 1.10 zone. At the moment, there are two potential zones where the price could reverse, one at the level of 1.1070 and another at the level of 1.0970. In both cases, we have a very high-value FVG, which means a significant gap. If we receive confirmations on both the...

Forex48_TradingAcademy

On EURAUD, we have a bullish setup this morning, with the price reaching the 1.653 zone, where it encountered a FVG and a Forex48 block. After receiving some confirmations on the M15 timeframe, I entered short with a target of 1.642, resulting in a risk-reward ratio of 1:7 with a 1% risk. At the time of writing, the price is already at breakeven, making the trade...