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USDJPY 6/8/23Here on our UJ chart we have another sell range given to us but in this case we have a very choppy range and a WICK POI which is a clear indication that our range was created during news, overall we did sweep out our highs before breaking down which adds probability. NOW, we know our rules around news POIs are which is to stay safe and expect a slight deviation due to the orders creating this range have more than likely been shifted since its creation... knowing this we are going to look for a confirmation around our SWH zone to short this out, of course if we have news or any other price action indications we will calculate how we will enter this one. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY 6/8/23Starting off the week with GJ here we have a really clean sell range given to us during Thursdays session, we swept out the highs from our NY & LDN from wednesday, after this we produced this very clean sell move. now we have to keep in mind the age of our POI which going to effect teh probability of this move playing out but over all we are looking for a tap into a sell deeper into the sell range we are showing you here, overall we have a larger time frame move playing out so we will keep an eye out for any possible bullish moves coming into this market later this week. we also have to take into account that the high of our range is an Asia high which a lot of the time like to be swept out, so reduced risk or confirm entry would be a smart approach to this one. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
EUR/USD BEARISH SETUP WAITING NFPWe have a bearish setup on the Euro Dollar, with the price currently located around 1.0945, practically retesting a block that previously acted as support and is now serving as resistance. The objective will be to look for a short entry in the golden square I have highlighted, as that area aligns with the 50-61 Fibonacci levels. However, please be cautious as today we have the NFP (Non-Farm Payrolls) data release. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
GBP/JPY WHAT IS THE BEST REACTION ZONE?On GBP/JPY, we have a bearish market after breaking the previous lows on the daily chart. The price now seems to have enough strength to go down, but on the 1-hour chart, we have 4 reversal points between 182 and 180.90, waiting confirmation on the 15-minute chart (M15). Additionally, we have only one selling point in case the market retraces to the 182.70 area, where we have a strong resistance zone due to selling volumes. Let me know what you think. Happy trading to all!
Short
by Forex48_TradingAcademy
1
EURUSD 30/7/23Here we have Euro USD with a pretty similar setup to British pound to the US dollar the only difference with this is the POI sits slightly higher within our range still in the London session on Friday with clear imbalance and of course this is a representation of the 5 minute time frame that we have to show it to you on a 15 minute so please take a lower look down on your own chart. we're looking for this to go bullish in the first half of the week and we're looking for it to shift bearish. I personally anticipate it to create a very small range which will break lower giving us a bearish narrative but until then as always we will follow price and as it delivers!
by PipSurfingSociety
USDCHF I Brief short and break of neckline Welcome back! Let me know your thoughts in the comments! ** USDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
8
EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
GBPNZD SHORT SETUP AFTER EURO NEWSOn gbpnzd, we have a bearish setup after the trendline breakout this morning following the Eurozone PMI data. The price is heading towards the 2.0485 area, where we have a POC (Point of Control), which is a specific entry point for a long trade if the price reaches and bounces from the POC, representing the highest concentration of orders. In that zone, the market could rebound with a target at 2.0850. Leave a like to support our work, comment, and share your analysis. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
GBPUSD LONG TRADE - STRONG GBP NEWSOn GBP/USD, we have a bullish setup after Friday's news and a market that could potentially go further up after tomorrow's news on the pound. Currently, we have two value gaps, which represent two possible entry zones: a short trade within a highlighted red supply zone and a long trade within a highlighted green demand zone. The perspective is currently long, but everything could change. Remember to always wait for operational confirmations before entering the market. It would be fantastic if you could share your opinion with us and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
4
NZDUSD WAITING LONDON SESSIONOn NZDUSD, we have a point of interest at the level of 0.6170 where the price has formed a breaker block and a poi (point of inefficiency). In the case of the breaker block, I am waiting for confirmation for a short entry during the London session. In the case of the poi, I am waiting for a retracement that is confirmed by volume to go long with the objective of recovering all the inefficiency created by the market after the US news yesterday. It would be fantastic if you could share your opinion. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
XAUUSD LITTLE SHORT BEFORE A LONG On XAU/USD, we have a bearish setup with a strong dollar following the news. The price is approaching the 1905 zone where we have a significant value gap that could lead to a reversal and a strengthening of gold, resulting in an increase towards 1948. Just below that area, we have another potential reversal zone identified on the H4 timeframe, with a demand zone on the H1 timeframe within it. The plan is to wait for the price to near the value gap, confirm the candle pattern on H1, and if there are positive confirmations, enter the 1905 zone with a stop at 1895 and a target at 1931. We would appreciate it if you shared your opinion and gave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
GBPCHF I Brief pullback and more upsideWelcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
13
19/06/23 Weekly outlookLast weeks high: $26887.5 Last weeks low: $25836.5 Midpoint: $24785.5 Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend. A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below. The midpoint from last week controls the bias for me, I think price will find itself there this week and if it drops below and reclaims then the highs are next target. If price consolidates above the midpoint ands drops below I think we break down towards weeks low and continue trend.
by ProR35
2
GBPAUD I The best areas to trade right nowWelcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
6