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XAUUSD Bearish channel with entry point!I entered a short position on XAU/USD after noticing a significant break of a swing low at the 1896 level, further supported by a bearish channel on gold. My trade involves an entry at a supply zone at the 1902 level on the H4 timeframe, where we have a box containing the last buying orders before the major sell-off that led to the break of the H4 swing low. I've placed the stop above the last swing high, and the take profit is set at a 1:1.4 risk-reward ratio, at the 1882 level – just below a hypothetical market liquidity grab under the bearish channel. Let me know your thoughts. Have a good day and happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EUR/USD New Strategy PT.4 with Trade!On EUR/USD, we have a bearish setup following lower highs and lower lows. I've decided to enter the market as the price on H4 broke two swing lows, one at the level of 1.0862 and the other at the level of 1.0855. I entered on the price retracement at the level of 1.0875 where we have an H4 supply zone, a truly significant area as it was the last bullish candle before the decline. I also checked H1 and M15 to better define the area, but there was nothing there. I positioned myself with the stop above the previous swing high and the take profit targeting the retest of the swing low or the market's previous low before the retracement. Comment and leave a like to support our work. Have a great weekend everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
GBP/USD New Strategy PT.3Good afternoon traders! On GBP/USD, we have an interesting setup. Today, there are no major macroeconomic data releases, and the market seems to have regained good volatility after a week of little movement. The market is showing a breakout of a swing low on the H4 timeframe at the level of 1.2727, followed by a retracement to the H4 supply zone. This retracement led to the breach of the aforementioned level. In that specific range, which spans from 1.2740 to 1.2760, I will be looking for confirmation for a short entry with a target at the recent low around 1.2690 before retesting our golden zone. Let me know your thoughts, and happy trading to all.
Short
by Forex48_TradingAcademy
1
GBPJPY New strategy PT.1 In GBPJPY, we have a bullish setup, but the price has shown signs of weakness and seems to have given hints of a reversal. Currently, we have a price that has broken the swing low at the 185.78 level on both the 15-minute and 1-hour charts. However, to confirm this, we would need a swing break with a 4-hour candle. If the market manages to create this setup, we could consider looking for a short entry within the box above, between the 186.20 and 186.40 price levels. At that point, a market entry could be considered after initial confirmation on the 15-minute and 1-hour charts, with a possible stop placed 10 pips away from the swing high, and targeting levels 1, 2, and 3 from the 185.60 level down to the 183.70 level. Please let me know your thoughts. Best of trading to everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it. Nicola the CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
USDCAD Long structure with long trade!In the USD/CHF pair, we can observe a long trend on the H4 timeframe, which started on July 27th, now about two weeks ago. My expectation revolves around a potential long trend if the market retraces to the 0.8780 area. This level corresponds to the 0.5% Fibonacci retracement, marking the 7th touch of the trendline. Additionally, considering the context, we are situated perfectly within an H1 demand zone. This circumstance could provide further likelihood that the price might pivot at that point to continue the upward movement. Of course, I will monitor for any H1 confirmations before entering the market. Should an entry occur, the target is set around the 0.888 area, where we encounter a significant resistance level. Let me know your thoughts, drop a like, and leave a comment. Best regards and happy trading to all.
Long
by Forex48_TradingAcademy
3
USDCHF remains in a slight uptrend.USDCHF - 24h expiry Our short-term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 4-hour EMA is at 0.8769. The sequence for trading is higher highs and lows. Remains bullish while above last week's low. We look to Buy at 0.8771 (stop at 0.8739) Our profit targets will be 0.8851 and 0.8871 Resistance: 0.8814 / 0.8828 / 0.8850 Support: 0.8790 / 0.8770 / 0.8750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD Long structure with entry trade!Good morning traders, while observing USDCAD, I've noticed how the price is clearly trending upwards, and this has been confirmed by the breakout of a higher swing at the 1.3490 level. After that breakout, the price retraced, retesting that level until touching the bullish trendline. From there, a strong impulse started towards the 1.3580 level as the first target, and the second target is set at the price level of 1.3650. Before entering, I will wait for a further bounce on the trendline at the 1.3503 level. Let me know your thoughts, as your support is vital to our work. Regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
AUDUSD gains to be limited.AUDUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 0.6525 level. We look to Sell at 0.6525 (stop at 0.6560) Our profit targets will be 0.6445 and 0.6425 Resistance: 0.6460 / 0.6550 / 0.6625 Support: 0.6340 / 0.6275 / 0.6185 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPAUD Bullish structure with a FVG point!On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current position. In that area, we have a Hidden Bullish Divergence on the H1 timeframe, a zone where a price reversal could occur. However, a double confirmation on the M15 timeframe would be necessary before considering a long entry with a target at the level of 1.9620. Let me know your thoughts, comment, and leave a like to support our work. Happy trading to all.
Long
by Forex48_TradingAcademy
2
EURUSD Short trade with Key levels!Good afternoon traders, I was observing the EUR/USD and I've identified a potential zone for a sell. At the level 1.0940, we have a FVG, which stands for a block of inefficiency that the market could reach and then retrace. Additionally, I'm noting the creation of a bearish trendline with a double touch, which might lead me to think that the third touch will be the decisive one for the beginning of a short trend down to the 1.083 zone, where we have a Swing Low. Let me know what you think, comment, and leave a like to support our work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
3