Get started

Setup

XAUUSD SHORT SIGNAL H1 SETUPOn gold, we have a bearish tendency in the long term after a strong rally on Friday. The price seems to have consolidated around 1918, where we have an H1 value gap with a high reaction force for a possible reversal and a trendline that the price has touched for the fifth time. The target for a short trade will be at the level of 1985, with a risk-reward ratio of 1:2. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
USDCAD : Long Trade , 1hHello traders, we want to check the USDCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the key level between 1.32200 and 1.32300. We expect this level to act as a support level for us. perform and maintain the upward trend of the price. If the price increases, we can expect the price to grow up to the next key level, i.e. up to the price of 1.33500. If the upward trend is strong, the next target that can be envisioned for the price It is 1.34600. Good luck.
Long
by mrAT_Trader
Eurusd ; more downside squeeze? 💀The Monthly candle has been pulling back from monthly resistance at 1.10255 since intitially tapping into it last Thursday. The Weekly candle is bearish and is rejecting weekly resistance zone 1.094. The Daily timeframe has confirmed a bearish breakout to the downside since it recently closed below Daily support level 1.0891. This Daily support level has now tunred into a Daily S/R Zone and may act as a resistance area for more downside potential. As stated on Tuesday's publishing " Momentum from Last week , Eurusd whats cooking? " I mentioned this statement --> "Downside target for week is 1.081 4Hr Support zone" . This would be 51 pip drop from the current daily candle and similar to the 49 pips drop that we saw today with GDP and unemployment claims data. Tomorrow we have Core PCE data. Now A few things could happen. 1) We move up prior to news then drop with news 2) We move down to our weekly target 1.081 before news and then shoot up with news 3) We consolidate, then increase back into the Daily range between 1.0891 Support and 1.096 Resistance with bad USD PCE data tomorrow. ** Also we must be aware that the monhtly candle is coming to a close. This could cause some very irrational volatility. It's the end of the week as well. It could be a freaky friday. I'm lowering size and wider SL. I may not even trade we'll see.
Short
by ShrewdCatfx
2
Double Top? -> ₿ $30,715 Price may appears to be struggling at our daily resistance Level $30,715. Price action appears to having a difficult time maintianing Bullish Market structure and creating a Higher High on the 4Hr timeframe. In our recent publishing we were anticipating a pullback as we transitioned into the new Weekly Candle. We got that as price pulled back to our nearest daily support level at $29,901. Can't expect much as a trader after quite the sizeable move from 24.5K last week.
COINBASE:BTCUSDShort
by ShrewdCatfx
2
The Cat Eye's a Retrace ? 😾 Or Dump CityOften times I can observe a retrace with London Session. Just as price did yesterday. My thoughts are a potential retrace to 1.09149 4Hr reiestance zone and some consolidation before another bout of Sell Side pressure. Price made leaps and bounds of progress to the downside during the last 2 sessions. I do not think the market is random. Nor am I trying to call a bottom. I am simply analyzing the behavior of this market as I have observed it for quite some time. Price is in close proximity to a Daily Support Level 1.08915 (6 pips away ) We have News tomorrow during NY session which I believe can be a catalyst to pullback a bit more before Inflation data during Friday NY may help provide a continuation of the preceding 1hr trend at that point. Towards the beginning of the week we were calling out a retrace to 1.0847. Idea was to do a Weekly Wick Fill as price was thought to have bearish momentum coming out of last week after a Bearish candle was printed ( With a larger top wick when compared to the body of the candle) We may see this scenario play out and we would like to see a break and retest after prices closes below 1.08820 on either the 1hr/4hr. Otherwise I observe a pullback for the time being.
Long
by ShrewdCatfx
2