LONDON: GU - BREAKOUT - MOMENTUMBreakout of tight range and a clear momentum based entry signal. Lets see if we continue the uptrend
London
LONDON: GJ - B&R - DEPLETIONLondon shows us a classic break and retest setup and will try and entry based on buyer depletion. Lets see if we can grab 2-4R from this one
Gold SellPush down from gold is expected after the increase in price from news. Target 1940 during asian session. I will revisit in the morning before London opens.
LOB Trade: Short position on GBPCHFLOB entry on GBPCHF 15 Mins for a Short position.
R:R 2
FVG Above to be filled before market eventually goes down.
EURUSD | Supply and Demand | 1 JUN 23M15 Time Frame | LONDON OPEN | Market Structure | Supply and Demand POI | Liquidity
EURUSD Market Tendencies👋 Hey traders! For Day 10 of our 100-day challenge, we'll talk about the market tendencies of EURUSD in London and NY session.
I scrolled back a bit to a random range and we can see certain market tendencies present here.
1. London offers the biggest trading range vs NY and Asia
2. NY offers second biggest trading range
3. Overlap of London and NY is usually a reversal/pullback
4. Seldom is the overlap a continuation
You can use these tendencies to your advantage to:
- Increase your directional accuracy
- Decrease floating profit drawdown
- Secure maximized profit within the day
There are many other ways to capitalize off this market tendency. Hope this gives you a different perspective on EURUSD.
Enjoy your Sunday and we will be back posting trade ideas tomorrow! See you then 🥂
LONDON: USDJPY - 618 LIMIT BUY - ATR SLRequirements made for 618 retracement setup after impulse move up. Let’s see if we get a continuation. Market not moving much volume today
LONDON: GBPUSD - REVERSAL SETUP - MOMENTUM ENTRYGU has met all requirements for a reversal setup after breaking downtrend line and failing to break new low. Lets see if we can generate at least 2R from this setup
GBPUSDGBPUSD
tested resistance if can't break can drop to support at 1.25210 - 1.24962 - 1.24428
if can break resistance at 1.25880 can rise to
next resistance at 1.26518
AUDUSD Short or Long?On this pair, I have highlighted a very strong demand zone at 0.6570 - 0.6580. At this point, there is a possibility that the price will create an area to use as an entry point for a short or long trade. However, the possibility of a long trade does not exclude that of a short trade. Remember to look at both directions and never focus only on one perspective.
Let me know what you think.
Good trading to everyone, bye.
NZDCHF long setupOn NZDCHF we have a bullish structure that broke a supply zone at 0.5480 and is now at 54.90 where the price is continuing to bounce on a new supply zone. The price has made false highs on this zone and within this supply, it has made a demand zone that I used to open a long trade with a target RR of 1:4.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
USDJPY Ready for the short?On this exchange, we can see a fairly congested market. My idea is that the price may return to the demand zone next week, predicting a stronger yen at the expense of the dollar, which has been losing ground for weeks now. However, the price could also violate the supply zone.
Let me know what you think.
Happy Trading to all.
Forex408 Trading Academy
EURGBP FINALLY A SHORT TRADEOn this pair, I have noticed that the price, after a bullish run, has started to bounce on a demand zone that has been present since March. My goal will be to wait for a price retracement within a mini supply zone that I have highlighted in red called POI and then set a short trade.
Let me know what you think.
Have a nice trading!
Forex48 Academy
EURJPY SHORT TRADEGood morning guys,
On EUR/JPY, we have a bullish daily trend. According to my view, the price could retrace to the 148.300 area, where I have identified a POI zone. This will be my area of interest in which I will look for a short trade.
Let me know in the comments what you think.
Happy trading to everyone!
Forex48 Academy
LOB Trade: Short position on GBPUSDLOB entry on GBPUSD 15 Mins for a Short position.
SL Above the Asian session.
LOB Trade: Long position on GBPCHFLOB entry on GBPCHF 15 Mins for a Long position.
SL Below the Asian session.
