USDCHF Short o Long?On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone.
Let me know what you think in the comments.
Have a nice trading.
Forex48 Trading Academy
Setups
XAUUSD Long TradeOn gold, I have identified a long opportunity. After examining the asset, I have set my strategy to enter on 25% of the demand zone if the price breaks the previous high with three consecutive bullish candles in both H1 and M15 timeframes.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
ETHUSDA few days late on this honestly but just curious on this one and want to journal it. Wonder if price could reach the 50% to 61% price level. We did take a trade on this last night. We wanted to see if there could be more momentum to the upside in the short term before the next retracement or pullback.
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.
AUDCHF Is the short position just around the corner?On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price gives us an opportunity to enter a short position.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPNZD Long Trade?On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade.
Let me know what you think in the comments.
Happy trading, everyone.
XAUUSD Long or Short?I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade.
Let me know in the comments what you think.
Good trading to all.
NZDCHF SHORT TRADEOn NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential entry point.
Let me know what you think.
Good trading to all.
AUDCAD is there a short trade?On this currency pair, I have identified a supply zone that caused the price to drop drastically to the 0.903 area, where the price created two demand zones. The first one that was generated was subsequently broken, and this will be used as a possible entry point if the price creates a setup for a short trade.
Let me know what you think in the comments.
Happy trading to everyone, bye.
EURNZD LONG TRADEI have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade.
Let me know in the comments what you think.
Happy trading to everyone, bye.
EURNZD SHORT TRADEIn EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade.
Let me know your thoughts in the comments.
Happy trading to everyone, bye.
GBPCAD LONG TRADEIn this chart, I have identified two areas, a supply and a demand zone, which I have previously used to close a long trade. Within the supply zone, there is another area of interest that, depending on the strategy applied, will be used as a starting point for a long trade.
Let me know your thoughts in the comments.
Happy trading, bye.
EURJPY Short or Long?On this pair, I have identified a supply zone and a demand zone. The objective will be to find an entry point within the supply zone to open a short trade. If the price, instead, were to break the supply zone, I will look for a bullish setup.
Let me know what you think in the comments.
Have a nice trading!
NZDCAD Is there a Long Trade?On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.
Let me know what you think in the comments.
Happy trading to everyone, bye.
USDCAD SHORT On this exchange, I have identified a very strong supply zone. The price has bounced off this zone four times, and the last two times it has produced spikes that have confirmed the zone. As soon as the price created another supply zone within the main one, I waited for the price to bounce at that point before opening a short trade.
Let me know what you think in the comments. ù
Happy trading to everyone.
EURUSD will it clear out of congestion?On EUR/USD we have a strong congestion. I have identified two hot zones, one supply and one demand. The expectation is very simple, I will look for a short or long trade based on the setup that could be created if the price were to return within the supply or the demand. We will see... Patience is the key. Let me know what you think in the comments. Happy trading everyone, bye.