Strategy
EURUSD NFP, it was all already written!I observed on the EUR/USD chart how the post-NFP decline was anticipated, as the price bounced precisely off a support zone before and turned into resistance afterward. As the price went down, it broke the swing low at the 1.0782 level, effectively setting the stage for a potential long entry on Monday at the London or New York opening. I remember that this strategy involves entries at two very specific times and, as confirmation, foresees a structural upward shift, in this case, on the M15 chart.
Nonetheless, I'm truly impressed by how everything played out exactly as I had predicted. Please comment and leave a like to support my work. Happy trading, and have a great weekend, everyone!
GBPUSD The perfect uncertainty before NFP!On GBP/USD, it's possible to observe that the price is currently in a state of total uncertainty, positioned precisely between two very strong zones. The first zone is located higher up, where a decline could be anticipated, and the second zone is situated lower down, where a long position could be considered. This setup has been executed by following swing low and swing high strategies with spikes and Fibonacci Volatility Grid (FVG) to identify the best reaction points. Tomorrow, the Non-Farm Payrolls (NFP) data will shake the market; until then, the entire range of the dollar, including the American, Canadian, Australian, and New Zealand dollars, is not tradable, at least if one aims for a sound risk management approach. Of course, after tomorrow's data and the opening of the New York session, it will be the opportune moment to seek entries on the dollar. Let me know your thoughts. Happy trading to all!
XAUUSD 2 Entries BOX and US news!Today we have important data on the dollar, which could significantly impact gold. I've identified two potential zones where I'll be looking for an entry for a long trade. The first one is between 1935-1937, and the second one is 1914-1924. Both of these are areas identified after structural breakouts on the H4 chart, meaning the market broke through swing highs and formed these boxes for potential rebounds before continuing upward. Just a reminder to everyone that I'll only be seeking market entry during the first hour of the American session, I will search to identify structural changes within these boxes. Please let me know your thoughts, comment, and leave a like. Appreciate the support for our work.
PDD Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $4.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EURJPY Waiting London or New York to Sell!On EURJPY, we have a bullish setup. I'm looking for a breakout on the H4 chart of a swing high at the level of 159.50. Tomorrow, at the London or New York open, I'll wait for confirmation for a bearish setup, aiming to short the asset until the highlighted gray box between the zone of 158.60 and 158.80. Within this area, there's a crucial demand zone that marks the last bearish H4 candle before the uptrend and structural change in the asset. Let me know your thoughts. Happy trading to all!
XAUUSD Buy zone after 3 Bos!On the dollar, we have a bullish setup with the price breaking upwards past three swing highs, creating a very significant demand zone. In fact, between the levels 1924 and 1914, we have the last bearish candle before the upward movement. This means that I will be looking to initiate a buy right within that zone. Naturally, once the price retraces to that area, I will patiently wait for a bullish m15/h1 setup to form, allowing the price to confirm my setup!
GBPJPY Long structure with Entry Box!On GBP/JPY, we have a bullish structure forming after the market experienced a pullback in the H4 timeframe. In fact, I highlighted a bullish candlestick pattern following the market retracement. In that zone, I will go and search for a structural change on the M15/H1 timeframe to confirm my long-term view. Subsequently, I will enter the market with the target set at the first swing high at the level of 187Y. My stop loss will be positioned 5 pips below the lower side of the mentioned zone. Please leave a like and comment in support of our work. Regards, Nicola, CEO of Forex48 Trading Academy.
SPWH has been on a YTD downtrend SHORTSPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute
chart. Reversion to the mean and the rubber-band perspective says that what goes down
must go up. SPWH has fallen into deep undervalued territory. It has been down trending for
most of this year. At the moment it might be correcting into a short trade or put option entry.
SPWH trend down might get synergy from the S & P helping entrench the trend down.
I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take
a large number of shares and then hedge the position with a couple of call options above the
current money with an expiration of 4-6 week for purposes of risk management and insurance
against a reversal in the price action.
EURGBP Looking for a Long entry!In the EURGBP pair, we have a long setup where the price has broken a previous swing high at the level of 0.8585. The price then retraced within the last bearish candle on the H4 timeframe, which led to the breakout of the swing high. In this area, I'm looking for a bullish entry if the market on the M5 timeframe shows signs of a bullish structure, namely forming higher highs and higher lows. Of course, the stop loss, in case of a long entry, will be positioned around 0.8550, and the target will be the level of the previous swing high at 0.8660.
EURJPY HBD + FVG Bullish structure!The market is currently bridging a divergence between two bullish trendlines. The pair is continuing its ascent towards absolute highs; at the moment, it retraced to the lower part of the divergence, where we have a Hidden Bullish Divergence (HBD) on the H1 timeframe. This zone could potentially trigger an immediate price increase towards the upper part of the divergence and eventually break the structure.
My market entry will be planned if the market, in the zone between 158.10 and 158.30, creates an upward setup with two M15 candles. In that case, I will enter the market aggressively with a very tight stop and target around 159.50, which corresponds to touching the previous swing high. Let me know your thoughts, comment, and leave a like to support our work. Greetings and have a great day.
GBPJPY Change of the structure - Long setup!On this pair, we have a bearish setup on the H4 timeframe, with the price reaching the 183.38 area where it created a spike on a swing low. This false breakout has provided the market with a bullish momentum that could lead the price to break the bearish trendline, potentially pushing it to the 184.70 area as the first target, followed by 185.70 as the second target. Let me know your perspective on this market, drop a like, and comment to support our work. Happy trading to everyone.
TRADING IS THE MOST REWARDING BUSINESS WORLDWIDETRADING IS THE MOST REWARDING BUSINESS IN THE WORLD.
But 99% of traders don't know how to win.
6 STEPS TO BECOME A TRADING SNIPER:
1. Develop A+ setups
- Focus on low risk, high reward
- Don't worry if you need time to execute
- You don't need to catch every market's movement to be successful
One setup is enough to kill in the trading arena.
2. Focus on A+ setups
- Execute like a machine when you spot an A+ setup
- Forget anything else. Don't take stupid trades just because you don't have opportunities
Trust your setups. Trust your plans. Trust your execution.
3. Control your emotions
Waiting is the hardest trading skill:
- You need patience to wait for your setups
- You need discipline to execute your setups
- You need confidence to win with your setups
Traders, like snipers, wait 99% of the time.
4. Know your system like a brother
- Know the details. RR, WR, strengths and weaknesses.
- Know what to expect: "If x happens, I'll do this. If y happens, I'll do this."
Always have a plan.
5. Aim for 1%
If average traders practice 1 hour per day, start practicing 2 hours per day.
If average traders review trades once a week, start reviewing trades every day.
If average traders never shapes minds, start meditating every day.
To be the 1%, do what the 99% don't do.
6. Become a trading sniper
- Focus on A+ setups
- Control your emotions
- Always have a plan
Shape your weapons. Shape your trading.
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USDJPY Long structure with a Buy and Sell zone!On USDJPY, we have a bullish setup on the H4 timeframe with good probability of reversal, given the false breakout at the 146.50 level of a swing high. In this zone, I will seek confirmations on the M15 timeframe to enter short positions with the target being the previous swing low at the 144.50 level. Of course, we have a strong trendline on the H4 timeframe that is supporting the price, so in case of a decline, I will consider further market rotations near the same trendline. Let me know what you think. Happy trading, everyone.
GBPUSD Long setup after Powell`s speechOn GBP/USD, I have identified a false breakout of a swing low at the 1.2560 level, a zone that confirmed a bullish view on the H4 timeframe. The objective will now be to look for a bullish entry on the M15 timeframe, seeking potential upward structural breaks. In addition to this possible scenario, I have identified a bearish trend that could provide significant resistance in the event of an increase towards the 1.262 level. However, this upward movement should not encounter major issues in breaking the 1.2630 level, especially considering that at the 1.2740 level, there is a strong selling zone on the H4 timeframe where I will be looking for a short entry. This zone marked the breakthrough of the swing low at the 1.2690 level. Of course, I will keep you updated on the evolution of my idea. Have a great weekend, everyone!
GPS The Gap Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GPS The Gap prior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EURUSD Short trade after news!On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I preferred not to take the risk. My setup involves entering in the range of 1.06-1.07 with a target at the H4 swing low level of 1.0796. My stop will be at the swing high level of 1.0880. Happy trading to all!
GBPJPY Long trade after GBP News!On GBP/JPY, I entered the market after a significant decline in the pound following negative data yesterday, as both the manufacturing and services sectors were confirmed to be contracting. I chose to enter at a strategic zone, following the breakout of a swing high on the H4 chart at the 184.25 level. Afterward, I attempted to identify interesting areas on the H4 chart, but found nothing there. So, I shifted my focus to the H1 chart, where I discovered a strong candlestick pattern just before the swing high was breached. At that point, I waited for a price retracement to that zone.
Once I entered the trade, I monitored the market's movements on the H1 and M15 charts to seek confirmation of my analysis. I received confirmation when, at the close of the London trading session, the market formed a double higher candle pattern on the H1 chart. My target for profit was set within a box on the H4 chart, where the price could potentially reverse due to it being the last box before the H4 swing low was broken.
Wishing everyone successful trading.
AUDCHF Long structure with entry point!On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an interesting entry point, while the second presents an appealing entry at the 0.5657 level, where we have an H1 demand. Personally, I'll wait for the price to retrace into this zone before considering a long entry. In the case of a market entry, I would set the target around 0.5730, where we have an H4 swing high, and place a stop around 0.5602, below the market low. Happy trading to all.
GBPCHF Bearish structure with entry point!In GBPCHF, we have a bearish setup with the price dropping sharply this morning after the negative news of a contraction in manufacturing and services in the Eurozone and the UK. I will look to enter a short position if the market retraces to a target zone at the level of 1.1190, which is a forex48 block where it's highly likely for the price to reverse. Of course, I will always wait for the necessary confirmations before entering the market, which I will be looking for on the M15 timeframe. In the event of an entry, I will place the stop above the previous swing high and set the take profit to recover all the liquidity, around the 1.11 zone. Happy trading to all.
CADCHF Long setup with liquidity zone!On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the range of 0.6480-0.65. In the presence of promising H1 candles or even better, a demand zone, I would enter the market with a stop below the swing low, precisely at the 0.6460 level. The target would then be the 0.66100 level, where a swing high is located. Wishing successful trading to all!
GBPCHF Liquidity zone with ICT Trade!On GBP/CHF, we have a long setup with a dominating trendline in the market, featuring a double liquidity grab followed by a touch and go. Currently, I'm still waiting for the third touch and go, but I wanted to try this long entry with a 0.5% risk and a 1:1.5 risk-reward ratio. Since the market might hold surprises during the Asian session and considering tomorrow morning we'll have significant macro data regarding the Euro and Sterling, I won't be trading during the London session. Let me know what you think. Happy trading to everyone!