Get started

Setup

EUR/USD Change of structure with entry!This morning, I'm closely observing the EUR/USD market as the CPI data release is anticipated. Currently, I'm noticing a bullish structure on the chart. I'm paying special attention to the level 1.09960, where a previous high occurred on the 4-hour (H4) timeframe. I believe that in this zone, there could be a confirmation of the upward trend, especially considering the negative forecasts for the CPI. So, in the event that the candle on the 1-hour (H1) timeframe closes above the level of 1.09960, there might be a potential demand area between 1.0965 and 1.0980. In that case, the market could push up to the next high on the 4-hour (H4) timeframe at 1.1040.
Long
by Forex48_TradingAcademy
1
XAUUSD Bearish channel with long entry!In this analysis, we have gold displaying signs of weakness, as indicated by this bearish channel originating from the 1980 level. Additionally, decreasing swing highs and swing lows are evident. My objective will be to wait for gold to reach the lower side of the channel, more precisely, to anticipate a rebound in price at the demand zone around the 1910 level. Considering the fact that we have a swing low at that level, I expect the price to potentially break it with a spike on the H1 timeframe, confirming my entry. In that scenario, I would then take profit at the 1940 level, corresponding to the first swing high. Keep me posted on your thoughts. Happy trading to all!
OANDA:XAUUSDLong
by Forex48_TradingAcademy
3
GBP/JPY Long trade on h1 attention!I've identified a potential bearish setup on the GBP/JPY currency pair. However, in the past few hours, the price has been consolidating and forming a double demand zone. This pattern has led me to reconsider my initial view. Right now, I'm waiting for an opportunity to go long. I'm looking for a reversal or bounce around the 182.70 zone. If the price confirms a move above the Point of Control (POC), I plan to enter a long position with a risk-to-reward ratio of 1:2. My target is to reach the last swing high at 183.26.
Long
by Forex48_TradingAcademy
3
NZD/CAD Bullish setup 3 entries point!On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of Control (POC). On the short side, we have a FVG, which is a high-reaction zone containing a lot of market liquidity. On the 15-minute timeframe, the timeframe I'll be observing for confirmations and to set up my trade if I decide to enter. Let me know your thoughts. Happy trading to all!
Long
by Forex48_TradingAcademy
1
AUD/JPY Long trade after H1 reaction On this trade, I opened a long position following confirmation at a reaction zone on the H1 timeframe, at the level of 93.80. The price is currently between a bullish setup and a bearish setup, and there's a lot of uncertainty in the market. However, during this week, we will have the Chinese and British CPI data coming out, so trading between Wednesday and Thursday will likely be very volatile. Additionally, I wanted to point out that we have two zones of interest, two FVF: a sell zone at the level of 94.40 and a buy zone at the level of 92.82. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
5
USD/CAD Bearish setup is coming!On this pair, we have a bullish setup on the daily chart with a double impulse trendline. Currently, the price seems to be closing below a very important resistance level at 1.3380. If the market closes below this level, we could expect a downtrend towards the 1.3240 level, where we have a valid trendline with a higher timeframe FVG (Fractal Volume Gap) confirmation in the H1 chart. This would validate the bullish trendline. Additionally, if the M15 chart confirms the setup, I will aim for a long trade with an entry at the FVG zone and a target at the previous high around 1.3650. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
EUR/USD Downtrend is ready after NFP!On EURUSD, we have a well-established downtrend with the price reaching a supply zone around 1.1020 on Friday. After the Non-Farm Payrolls (NFP) release, there was a false breakout to the upside, which was quickly reversed, leading the price to retrace. In fact, the market has a strong long-term bullish trend, but on the H1 timeframe, it's evident that it's currently retracing towards the trendline zone. It could either touch the trendline and bounce back up for a long position or possibly break through it and retest before continuing downwards for a short position. The critical level of interest is 1.0960, and as a result, the price could potentially reach and touch the previous lower low in the zone around 1.09. Let me know your thoughts on this analysis. Have a great day! Regards, Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy