Setup
GBP-USD Long From Support! Buy!
Hello,Traders!
GBP-USD pair is making a
Bearish correction but the
Pair is in the long-term
Uptrend and is set to
Retest the horizontal
Support level of 1.261
From where I think we
Will see a move up
Buy!
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GBPCHF : Long Trade , 4hHello traders, we want to check the chart of GBPCHF. The price has broken a descending channel and also a range zone to the top and then pulled back to the specified key zone. We expect this level to act as a support level and the price will go up. We expect the price to grow to around 1.12600. Good luck.
EURGBP : Long Trade , 1hHello traders, we want to check the EURGBP chart. The price has broken a range zone to the top and hit the ceiling of the pullback range channel. We expect this level to play the role of a support level and maintain the upward trend of the price. We expect the price to grow around 0.86300. Good luck.
✅WTI OIL SWING SHORT🔥
✅WTI OIL will be retesting a resistance level of 83.29$
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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EURUSD - OverviewPrice has been pushed down to create an equal low.
0.50% Fib retracement has fulfilled from Thursday's high to Friday's low.
I anticipate 0.618% to fulfil as this aligns with 4H FVG as marked, before a continuation of price weakening.
Targets are as exposed. Both liquidity stops which also align with bullish orderblocks.
This is speculative and not financial advice. Do your own due diligence!
AUD/CAD SHORT TRADE H4 SETUPI went short on this pair following a specific candlestick pattern and a support/resistance zone on the H4 timeframe.
I identified an engulfing candlestick pattern on the 4-hour chart, suggesting a potential change in market direction in favor of my short trade.
Furthermore, I noticed that the price has returned within a box that previously acted as both support and resistance. This led me to believe that the market might continue its bearish trend.
Here are my entry point, stop loss (SL), and take profit (TP) levels:
Entry point (short): 0.8820.
Stop loss (SL): 0.8881.
Take profit (TP): 0.8715.
This is just one of my trading strategies based on candlestick analysis and support/resistance levels. However, the market is always unpredictable, and trades involve risks. I maintain a strict risk management approach and am ready to adjust my stop loss and take profit as the trade evolves.
Please note that this information is provided for educational purposes only and does not constitute investment or trading advice. I encourage you to conduct further analysis and make informed decisions based on your financial situation and trading experience.
USDCHF has turned positive.USDCHF - 24h expiry
Short-term bias has turned positive.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
A lower correction is expected.
We look to buy dips.
50 4-hour EMA is at 0.8677.
We look to Buy at 0.8673 (stop at 0.8637)
Our profit targets will be 0.8763 and 0.8773
Resistance: 0.8736 / 0.8750 / 0.8770
Support: 0.8700 / 0.8675 / 0.8660
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.
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GBP/NZD H1 BULLISH SETUP WITH A POIWe have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a re-test with the candle closing on the H1 timeframe above the Point of Control (POC). Otherwise, the position will be closed immediately. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
GBP-JPY Short From Resistance! Sell!
Hello Traders!
GBP-JPY went up again
From the strong move down
But at this point the pair is
Overbought so as It it
About to retest the resistance
Above at 184.000 I think
That we will see a local
Pullback and a move down
Sell!
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GBP/USD SHORT TRADE AFTER THREE H1 RE-TESTI took a position in the GBP/USD market after noticing a confirmed downside breakout below the Point of Control (PoC) followed by 3 re-tests this morning. The price closed below the level of 1.2854, and I decided to enter a short position (sell) as I believed there were good chances for the price to continue going down.
My objective (target) was to capitalize on further downside movements and profit from the decrease in the GBP/USD exchange rate. I made the trade based on what was highlighted on the chart, which indicated promising opportunities for a short trade.
USD/JPY LONG TRADE WAITING NFPOn USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we have an area with low trading volumes, and the price could rise rapidly, especially considering the Non-Farm Payrolls (NFP) data on Friday. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
CHF/JPY SHORT SETUP ON H1 - LONG TRADEOn CHF/JPY, we have a bearish setup on the H4 timeframe, with the price currently at 162.16 and potentially retracing to 160.40 before resuming upward movement to retest the trendline. Moreover, at that point, we have a FVG, which indicates a high probability of reversal. Let me know what you think. Have a great Trading week, everyone, from Nicola, the CEO of FOREX48 Trading Academy.