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XAU/USD Bearish structure with entry point!In this analysis, we observe gold showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, there is evidence of decreasing swing highs and swing lows. After the Consumer Price Index (CPI) data release, gold started to decline due to the strength of the dollar. It broke a swing low, which signifies the continuation of a bearish price structure. Despite this, it might be prudent to consider waiting for a retracement to the midline of the bearish channel. From there, one could await appropriate confirmations to enter a short position, with a potential target around 1900, corresponding to the previous swing low. Please keep me updated on your thoughts. Wishing successful trading to all!
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EUR/USD Swing confirmation with long entry!Good evening traders, I was taking a look at EUR/USD and I noticed a perfect swing confirmation. The price has confirmed a short trend on the M15-H1-H4 timeframes, which could lead the price to the 1.0950 - 1.0980 zone where a price rotation might occur. At that point, I'll wait for further confirmations before considering a long position. In that area, the price could perfectly retest a crossover between two trendlines, with the euro gaining strength and potentially returning to the 1.1150 levels. Please comment and leave a like to support our work. Greetings and have a great day!
Long
by Forex48_TradingAcademy
2
USD/JPY Break of a Swing High with entry!Good morning traders, on USD/JPY I've noticed a breakout of an H4 swing high at the 143.80 level. This could very likely indicate a short-term bullish trend. In fact, I've placed a solid order block where a long entry could be considered upon confirmation. Our target will naturally be the next swing high at the 144.50 level, which aligns with a demand zone and an important point of interest (POI) on the H1 chart. Comment below and drop a like to show support for the effort. Happy trading to all.
Long
by Forex48_TradingAcademy
EUR/USD Change of structure with entry!This morning, I'm closely observing the EUR/USD market as the CPI data release is anticipated. Currently, I'm noticing a bullish structure on the chart. I'm paying special attention to the level 1.09960, where a previous high occurred on the 4-hour (H4) timeframe. I believe that in this zone, there could be a confirmation of the upward trend, especially considering the negative forecasts for the CPI. So, in the event that the candle on the 1-hour (H1) timeframe closes above the level of 1.09960, there might be a potential demand area between 1.0965 and 1.0980. In that case, the market could push up to the next high on the 4-hour (H4) timeframe at 1.1040.
Long
by Forex48_TradingAcademy
1
XAUUSD Bearish channel with long entry!In this analysis, we have gold displaying signs of weakness, as indicated by this bearish channel originating from the 1980 level. Additionally, decreasing swing highs and swing lows are evident. My objective will be to wait for gold to reach the lower side of the channel, more precisely, to anticipate a rebound in price at the demand zone around the 1910 level. Considering the fact that we have a swing low at that level, I expect the price to potentially break it with a spike on the H1 timeframe, confirming my entry. In that scenario, I would then take profit at the 1940 level, corresponding to the first swing high. Keep me posted on your thoughts. Happy trading to all!
OANDA:XAUUSDLong
by Forex48_TradingAcademy
3
NZD/CAD Bullish setup 3 entries point!On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of Control (POC). On the short side, we have a FVG, which is a high-reaction zone containing a lot of market liquidity. On the 15-minute timeframe, the timeframe I'll be observing for confirmations and to set up my trade if I decide to enter. Let me know your thoughts. Happy trading to all!
Long
by Forex48_TradingAcademy
1
AUD/JPY Long trade after H1 reaction On this trade, I opened a long position following confirmation at a reaction zone on the H1 timeframe, at the level of 93.80. The price is currently between a bullish setup and a bearish setup, and there's a lot of uncertainty in the market. However, during this week, we will have the Chinese and British CPI data coming out, so trading between Wednesday and Thursday will likely be very volatile. Additionally, I wanted to point out that we have two zones of interest, two FVF: a sell zone at the level of 94.40 and a buy zone at the level of 92.82. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
5
EUR/USD What do you think of this short?I have taken a short position on EUR/USD after a double confirmation on a 15-minute candle chart (M15) at a Fibonacci level (FVG). My intention is to either close the trade entirely or partially around 23:00 Italian time. This is because significant data for the Japanese yen and the New Zealand dollar are expected during the night, in the Asian session. In practical terms, if the trade were to be in loss by 23:00, I will close it entirely. If it were to be profitable by more than 0.5%, I will close half of the position and leave the other half open with a stop order in place. I would like to hear your opinion on this strategy. Wishing everyone successful trading, Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
3
EUR/USD Downtrend is coming on m15!In the EUR/USD exchange rate, there appears to be a bearish opportunity as the dollar is gaining strength following the downgrade of American debt. However, there is a favorable level around 1.0965 where the price could reverse its direction. In this zone, a "short" entry could be considered if the correct bearish confirmation signals occur on the 15-minute chart (m15). In such a case, opening a "short" position with a profit target at 1.0910 could be contemplated. I would like to know what you think about this analysis. Happy trading to everyone!
Short
by Forex48_TradingAcademy
1
CAD/JPY Bullish setup before CPIOn CAD/JPY, we have a bearish setup on the daily timeframe, but on the H1 chart, we can already see a reaction at a previous support, resistance, and now newly formed support level at 106.70. In this area, the market could respond by breaking the bearish trendline and subsequently initiating a slight rebound above the trendline, aiming to reach the daily high at 108.15. Potentially, it might be considered to enter even in the case of a bounce off the trendline. However, it's always necessary to wait for the right confirmations, which can also be sought on the M15 chart in this instance, given that we are working with an H1 chart. Let me know what you think. Best regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
XAU/USD Long trade we have an uptrend!I am currently observing a bullish opportunity on the XAU/USD currency pair (gold against the US dollar). The price is around 1936, and I have noticed a positive movement both on the daily chart and the 4-hour chart (H4). It's interesting to see how the price is behaving in a zone that used to act as resistance but is now acting as support. This support level corresponds approximately to the 0.5-0.6 Fibonacci level. My trading strategy is long, with a profit target at 1980, which aligns with the previous highs reached. I have placed a stop loss at 1912, just slightly below the previous lows, to manage the risk. I always remember that trading involves risks, and past analyses do not guarantee future results. I will make sure to manage the risk responsibly and use the appropriate tools to make informed decisions. I wish myself and all the other participants of Forex48 Trading Academy a successful and profitable trading journey!
OANDA:XAUUSDLong
by Forex48_TradingAcademy
2
Day Trading vs Mid-term investments Day Trading 🌪️📉📈 Day trading involves buying and selling financial assets within the same trading day. Traders constantly monitor the market, aiming to capitalize on short-term price movements. 🕒⏰ 👍 Pros: Potential for quick profits with multiple trades in a single day. High adrenaline rush and excitement from rapid decision-making. 👎 Cons: Requires constant attention, often leading to stress and emotional fatigue. 😓 High risk due to rapid market fluctuations and trading fees. Mid-Long Term Investments 🚀📈📉 Mid-long term investments, on the other hand, involve holding assets for an extended period, ranging from several months to years. Investors focus on the asset's overall growth potential and fundamental value. 📈💹 👍 Pros: Lower stress and emotional strain as you have time to analyze and make informed decisions. 🧘‍♂️📊 Potential for significant returns through long-term market trends. 📈📈 👎 Cons: Limited excitement in comparison to day trading, as it requires patience and discipline. Requires a solid understanding of market fundamentals and long-term trends. Why the Second Option Is Better Emotionally 😌 While day trading can be thrilling, it often comes with high stress and emotional tolls. The constant pressure to make quick decisions and the fear of missing out (FOMO) can lead to impulsive actions and losses. 😫 In contrast, mid-long term investments provide emotional stability. H aving a long-term vision allows you to detach from short-term market fluctuations and focus on the bigger picture. This patience and emotional balance can lead to more thoughtful investment decisions and better overall returns. 😊 Remember, successful investing is not a sprint but a marathon . So, consider the emotional benefits of mid-long term investments, and you'll find yourself on a calmer, more fulfilling financial journey. 🏃‍♂️🚀
Education
by Yaroslav_Krasko
S&P500 I NOTICED A GOOD SELL AREAOn S&P500, we have a bullish setup with the price slightly retracing in the area around 4479 after touching highs at level 4645. Currently, there is an excellent reversal zone, a sell zone, at level 4525, where the price in H1 formed a strong supply level that had a significant impact on the price in the past week. In short, I'm waiting for a retracement to that level before entering a short position, aiming for a target around 4375, which corresponds to the previous major low. Let me know what you think. Have a great weekend! Nicola, CEO of Forex48 Trading Academy.
OANDA:SPX500USDLong
by Forex48_TradingAcademy
3
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no surprise that AAPL is Warren Buffets's biggest holding. The earnings were a top line beat with revenue flat. New iPhone sales are off. The TSLA idea of dropping price to boost demand and trying to maintain margins will come into effect. The dip this week is remarkable given the range of those red candles. Based on VWAP bands, AAPL is overbought and overvalued but not badly so. Price has dropped under the longest moving average (HMA140)/ This is a small pullback I will use the opportunity to purchase a call option striking over the money at $205 for mid-November as an intermediate term veto that AAPL will march consistently higher. Because of this pullback the options contract will be a bit cheaper and easier from which to achieve a realized profit.
NASDAQ:AAPLLong
by AwesomeAvani
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