Forex48_TradingAcademy

Forex48_TradingAcademy

On GBPJPY, we have a bearish setup with the price forming a downward trendline and confirming it with two H1 candles below today's most active trading zone. Sell orders are increasing and pushing the price towards the 172.41 area, where we have an H1 demand zone. Let me know what happens. Happy trading to everyone.

Forex48_TradingAcademy

The price is currently in a bearish moment at the level of 4270, with a potential bounce zone around 4284, which corresponds to the 50% Fibonacci retracement level and a high-volume trading area. The objective of the short trade is to target 4220, where we have the 61% Fibonacci retracement level with high volumes and a demand zone for support before potentially...

Forex48_TradingAcademy

On gold, we have a bullish setup following today's negative news on the US manufacturing sector. The price could pull back to around 1940 before returning to the 1980 area. Let me know your thoughts. Happy trading to everyone.

Forex48_TradingAcademy

On AUDJPY, I anticipate an upward movement towards the 92.80 area tomorrow morning after the interest rate decision in Australia, which would create a bearish setup to reclaim all the liquidity left in the market due to the news. Therefore, the trade objective is to enter a short position around 92.85 with a target set at 90.70. Let me know your thoughts. Happy...

Forex48_TradingAcademy

On USDCAD, we have a bullish setup with the price forming a bullish triangle pattern. The objective is to wait for the price to confirm the pattern with two H1 candles above the daily volumes and for the price to break out and then bounce off the bullish triangle. Therefore, a possible setup involves entering the market around the 1.3445 area, with a target set at...

Forex48_TradingAcademy

On GBPUSD, after a trade executed on Friday following the NFP release, which resulted in a 9% gain, we are currently experiencing a completely bearish market, approaching the 1.2350 area where a demand zone is located, along with numerous buying orders. Therefore, I expect a bullish pattern to emerge in that area, leading to a recovery of all the liquidity left in...

Forex48_TradingAcademy

On the SPX500, we have a bullish trend and a price that, after the approval of the US debt package, could reach the 4300 area where we have a supply zone in H1. The price could bounce before going back down to the 4130 area, creating a short setup according to the Forex48 strategy. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On GBPNZD, we have a short setup that has halted around the 2.0529 area, where we have a strong demand on the H1 timeframe. The price might bounce upwards from here, forming a textbook long setup for the Forex48 strategy. Therefore, the long objective is to target 2.07, where we have significant volumes. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

EURAUD is currently located in the 1.62 area, where we have a strong demand zone that has temporarily halted its downward movement. We will see if the price manages to reverse here and move upwards, creating a long setup with a potential take profit target around the 1.64 area, where we have significant volumes. All of this aligns with the Forex48 strategy. Let...

Forex48_TradingAcademy

On gold, we have a bullish setup. The price is near a supply zone and has just come out of a demand zone with high volumes. Everything will depend on today's NFP data. The objective is a bounce in the 1979 area with a target of 2010, or a retracement towards the 1940 area. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On GBPUSD, we have a bullish/neutral setup in anticipation of the Non-Farm Payrolls (NFP) data, which will be released in approximately one hour. The objective will be to look for a bearish setup if the price falls below the supply zone and then bounces back around 1.2520. Otherwise, a long position with a target of 1.26 could be considered, and this might be...

Forex48_TradingAcademy

On AUDUSD, we have an important Point of Interest (POI) at the 0.6505 area, created by the market exiting a demand zone. Following the Forex48 strategy, the objective is to wait for a rebound in that zone for a long entry with a target of 0.6550. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On XAGUSD, we have a price that, after reaching the 23.50 zone where we have a supply zone, bounced back down, effectively creating a short setup with an entry at 23.55. I anticipate a short position with a target of 23.10 to test the demand zone and the bullish trend line. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the...

Forex48_TradingAcademy

On CHFJPY, we have a price located around 152.90 where we have a strong demand zone. Following the Forex48 Trading Academy strategy, I will aim to wait for a slight upward movement with the formation of a Point of Interest (POI), which is a bullish setup, and then enter a long position with a target of 155.40. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On EURJPY, I predict a decline towards 146, where we have a strong demand zone. After the sixth confirmed touch of a bearish trendline around 149, the price has resumed its descent. There is an expectation of a weak euro and a strong USD in anticipation of the congress, while the yen tends to strengthen in times of danger as it is considered a second safe-haven...

Forex48_TradingAcademy

On NZDUSD, I expect a bounce in the demand zone around 0.5990, with a target in the 0.6130 area. Pay attention to the vote on the US debt. There may be low volatility in today's session, but significant volatility could arrive at 8:30 PM. Let me know what you think. Happy trading to everyone.

Forex48_TradingAcademy

On USDJPY, I anticipate a retracement towards the 1.3450 area where we have a significant demand zone that has already resulted in a successful trade last week, and where the market has formed a bullish setup before pushing higher. Therefore, I will enter around 1.3450 with a target at 1.4050. Pay attention to the vote on the US default. Let me know what you...