Forex48_TradingAcademy

Forex48_TradingAcademy

On GBPNZD, an interesting scenario is unfolding this morning. The price has generated two demand zones with two value gaps, providing two excellent potential reversal points for a long entry. One is at the level of 2.0720, and the other is at 2.0690, where the market has already retraced twice at 23:00 and then at 05:00, indicating two entries in a timeframe that...

Forex48_TradingAcademy

On GBP/USD, we have a bullish setup after Friday's news and a market that could potentially go further up after tomorrow's news on the pound. Currently, we have two value gaps, which represent two possible entry zones: a short trade within a highlighted red supply zone and a long trade within a highlighted green demand zone. The perspective is currently long, but...

Forex48_TradingAcademy

On EUR/AUD, we have a bullish setup after last week's news on the dollar. Currently, the price is retracing and it is expected to do so until the 38 Fibonacci level. There, we have a potential entry point for a long trade at 1.6475, as we have a breaker block validating the entire setup. Greetings from Nicola, CEO of Forex48 Trading Academy.

Forex48_TradingAcademy

On USDCHF, we have a slightly bearish setup this morning, with the price forming a breaker block pattern around the 0.8940 level. In this area, we can expect a possible rebound, so it would be advisable to consider entering a short trade with a target of 0.88. It would be fantastic if you could share your opinion with us and leave a like to support our work....

Forex48_TradingAcademy

On NZDUSD, we have a point of interest at the level of 0.6170 where the price has formed a breaker block and a poi (point of inefficiency). In the case of the breaker block, I am waiting for confirmation for a short entry during the London session. In the case of the poi, I am waiting for a retracement that is confirmed by volume to go long with the objective of...

Forex48_TradingAcademy

On GBPUSD, we have a bullish trade that could retrace to the 1.2730 area, where we have a demand zone within a larger one. In case of a retracement, it will be crucial to monitor the volumes at the entry before opening a long position. The target is then set at the 1.2830 area to fill the inefficiency left in the market after the UK CPI release two weeks ago. We...

Forex48_TradingAcademy

On EUR/JPY, we have a bearish trend following the news released during the Asian session. The price has formed a supply zone with a value gap and a breaker block. These are two potential entry points with a target set at the second lowest low. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a...

Forex48_TradingAcademy

On EURUSD, we have a bearish setup with the price currently at the lower end of a channel. I expect a retracement around the 1.0876 area, where we have a significant gap on the H1 timeframe within a supply zone. Before entering, I will wait for price confirmation on both the M15 and H1 charts. Then, I will assess the short entry with a target at 1.0830. It would...

Forex48_TradingAcademy

On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion...

Forex48_TradingAcademy

On USDCAD, we have a bullish setup with the price retracing to the 1.3226 area, touching a minor demand within the main demand zone. I have used this level as a possible entry zone with a target at 1.33. With the upcoming OPEC and FOMC events, the dollar could potentially have a bullish push this morning, considering also the DXI, which appears to have a bullish...

Forex48_TradingAcademy

On GBPNZD, after a short setup, the price has entered a box drawn on the H4 chart with a strong reaction. Here, the price could reverse, which is why I have set a long trade with a target at 2.0650 and a stop loss at 2.0490. I would like to point out that on the M15 timeframe, the price has formed a bullish candlestick pattern with a retracement to the 50...

Forex48_TradingAcademy

On XAUUSD, we have an uptrend as highlighted by this trendline, which has been touched three times and the price could potentially touch it for a fourth time before continuing the upward movement, breaking out of this supply zone towards 1950. However, the price could also decline by breaking the trendline and subsequently retesting it before falling to 1890....

Forex48_TradingAcademy

On the EUR/NZD pair, we have a bullish setup. At the market open, the New Zealand dollar appears to have gained strength after the release of AUD data. The objective of this trade is a retracement around the 1.77 area, where we have a point of interest (POI), specifically a supply zone within another supply zone. The target is 1.7547 with a risk-to-reward ratio of...

Forex48_TradingAcademy

On the EURAUD currency pair, we have a bearish setup today with the price retracing to the 61% Fibonacci level. This occurs within a fair value gap, confirmed by the M15 and H1 timeframes, and inside a supply zone with volumes in H1 pushing the price down. The target is located in the 1.6163 area. However, the trade carries a certain risk as important economic...

Forex48_TradingAcademy

On gold, we have a bearish tendency in the long term after a strong rally on Friday. The price seems to have consolidated around 1918, where we have an H1 value gap with a high reaction force for a possible reversal and a trendline that the price has touched for the fifth time. The target for a short trade will be at the level of 1985, with a risk-reward ratio of...

Forex48_TradingAcademy

On GBPNZD, we have had a bearish setup since Wednesday the 28th. My trade is based on a price retracement with validation inside a value gap around 2.0765. The price experienced a spike at the entry, retracing to the 61% Fibonacci level. The target is set at 2.0647, which corresponds to the second low we have on the H1 timeframe since our entry. It would be...

Forex48_TradingAcademy

On GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support...

Forex48_TradingAcademy

On GBPUSD, we have a bearish setup after the US data. My trade was opened after the price validated the value gap around 1.2618 with a small spike. Now, I expect the price to drop to 1.2560, where we have an interesting zone on the H4 chart for a possible trend reversal. Everything will be postponed until tomorrow morning when the UK data will be released. It...