EURCAD The goal is LongOn eurcad we are seeing a price drop towards the 1.46500 area where we have a demand zone. the zone seems to be interesting and according to the forex48 strategy, the objective is to wait until the price breaks the high at 1.4695 before setting up a long setup.
Let me know what you think.
Happy trading everyone.
Forex48 Trading Academy
Strategy
US 30 - 4H Chart AnalysisMy View from the analysis of the chart is it will break pattern and will continue on the downside with a target of 33100.
NZDCHF Short Setup and Signal On this pair, I have identified a supply zone at 0.5650. Applying the Forex48 strategy, the zone has already been validated, so it is a good opportunity to look for an entry point. I have identified a Point of Interest (POI) within the main supply, and I will wait for a retracement at that point before entering short. L
et me know what you think.
Happy trading, everyone.
Forex48 Trading Academy
+17% in Profit; Perfect Work of the IndicatorThe 1000x indicator worked well, resulting in a 17% profit. The bearish cycle will soon be over, so prepare to go long soon.
EURJPY Long Setup H1On this pair, a bearish setup has emerged after the price created a supply zone in the 149 area. The FOREX48 strategy involves waiting for the price to drop down to the 146.50 area, where a POI zone has been identified, namely a demand zone within a larger demand zone. The objective is therefore a long trade with a target to be evaluated at the time of opening.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
GBPNZD Long before BOE newsOn this pair, we have a price that appears to have bounced after a false breakout in the demand zone at 1.989. The target is in the 2.2031 zone with a risk-reward ratio of 1:9. The scenario was identified with the Forex48 strategy. However, the scenario is still uncertain since there will be a decision on interest rates by the BOE on Thursday.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy.
RBLX Roblox Corporation Options Ahead of EarningsAnalyzing the options chain of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-6-16,
for a premium of approximately $2.46.
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.
CHFJPY Ready for the short?On this pair, we have a price that has created a supply zone, starting a bearish run by testing a very weak demand zone. According to the Forex48 strategy, I think the price could bounce on the supply zone at 151.87 and then descend to the level of 150, where there is a very strong demand zone.
Let me know what you think.
Good trading to everyone.
Forex48 Trading Academy
Strong Up Trend of XAUUSD in monthly timeframeIn 1M timeframe,the price bar is still above Fast Trendline (blue line), it means that the trend is still strong.
Gold made strong resistant zone at 2070 price level. The price made a pin bar in Mar 2022 with high strong volume but reversed. The volume is now low, under MA20.
In my opinion, there are two scripts:
- (1) Price will break the 2070 resistant zone. After that, price will come back and retest the resistant zone.
- (2) Price will touch resistant zone and reverse. Price won't break Slow Line (The thick green line), and come back and break the resistant zone.
We need to wait the bar close in May and June to confirm trend.
I prefer first script, because the up trend is still strong.
GOLD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance and then to reject from 1990.
Fundamental analysis: Next week we have news on USD, on Wednesday will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results.
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How you can make 6 figures a month using prop fundsFirstly you need to be able to acquire one account such as a 100k account. Assuming your target is $110000 you start by risking $500 a trade until you reach $3000. if you take losses you continue risking the same until you're back at the starting point. once you reach $3000 of profit you now up your risk to $1000 until you get to $6000 and then $2000. This should easily allow you to pass phase 1 of the challenge, you then repeat the same for phase 2.
Once you receive your first funded account, you are now going to purchase another challenge and copy trade your funded account (master acc) onto the challenge. Repeating the above and considering you have a strategy with a good win rate, you are now able to make money while passing the challenges without having to trade 2 accounts manually. You continue this process and max your funding with one prop fund, and then move on to a second and so on until you have 7 figures in funding under your belt.
The key is to remain focused and have your psychology and mindset on point. making a mistake on your master account is going to reflect on all accounts. The same goes with profits however. If you have 1 mill in funding and make 1% in a week on one of your 100k accounts, then the other 9 will also make 1% bringing you to a total of 10% ($100000) in one week.
My favourite prop fund atm is properfunded.com
LUCKILY THE TEST TACTIC SUSTAINEDIT TOOK MONTHS OF PREPARATION.
A LITTLE OVER A YEAR AGO... NOTICED VERY PECULIAR PATTERNS ON A LOT OF VERY STURDY CHARTS. EXAMINED NEARLY 400 TICKERS... SOMETHING VERY IMPORTANT STOOD OUT.
DID SOME CALCULATIONS AND TESTED THE THEORY WITH A LIVE PORTFOLIO.
WHEN THE BANKING CRISIS STARTED PACKING IN, THE PORTFOLIO WAS RED AT FIRST. THEN EVERYTHING WENT GREEN... AND STAYED GREEN. LIKE M A G I C.
THE BANKING CRISIS WAS PERFECT FOR THIS PORTFOLIO TYPE.
VERY TUNED IN. EVERYTHING WORKED JUST AS PLANNED.
THERE ARE PLENTY MORE TO GO...
WILL TEST OUT THE LONGEVITY NOW.
WE ARE IN A CYCLE AND IT'S CLEAR AS DAY.
Strange things can and will happen.
The performance of our markets are extraordinarily fascinating!
Watched the market throughout the 2020 fallout... iT was nothing short of miraculous.
We are all lucky.
Count your blessings.
Take care.
P.S. Let's not get too excited. We have work to do!
EURJPY Waiting for a LongThe ECB raises interest rates and what does the euro do? It drops drastically, especially against the EURJPY exchange rate, as we have the yen as the second safe haven currency after the CHF. My objective is to wait for the price to reach the 146.50 zone where there is an excellent demand zone. The area was identified through the 3H + 45M strategy. We will see if the market meets expectations. The objective is Long with a target of 150.
Let me know your thoughts.
Good trading to everyone.
Forex48 Trading Academy
NZDCHF Short Setup?NZDCHF presents a slightly bullish scenario yesterday and today. Personally, I saw the price return to a supply zone where a false breakout was recorded. The objective is to look for a short position, we will see if the market creates a bearish scenario. Patience is the key.
Let me know your thoughts.
Good trading to everyone.
The Breakout Trading Strategy of Trendlines | OKXIDEAS
Hello traders,
In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above.
What you will be doing in this strategy just simply go to the 1hr timeframe see the clear trend draw the trendline wait for the breakout when breakout happen now wait for price to retest or just place a buy limit or sell limit order.
I hope you like the strategy this is the trendlines breakout trading strategy.
The one good thing about this strategy is the risk to reward ratio because in this strategy you will have potential to have around 1/3 risk to reward ratio so this means if you placed 10 trades and you lose 7 trades out of 10 and you just won 3 trades out of 10, you will be still profitable so meanwhile you just need to have a 30% wining ratio to be profitable in a long run.
I just advise you that try the strategy open the chart and back-test your chart and trade it on demo live market condition at least for one month and see the results ask the question to yourself can you be profitable? if the answer is yes so probably you know that what to do next but if the answer is no then look it your one month data that you have, make sure to journal your one month data record and try to analyze what mistakes you do what wining ratio you have can you have a little deference to between 30% see your taken trades you will be seeing some bad trades and you don't wanted to trade next time avoid those trades in the next month and just repeat the process be patient one day you will be consistently profitable but if not then don't lose the hope and just try again again and again learn from your mistakes come back and don't do that mistakes again, remember every strategy is good if you practice and managed it.
Just find the strategy that you suit and start the process.
I hope you liked the post, i wish you good luck and good trading.
PINS Pinterest Options Ahead of EarningsIf you haven`t sold PINS here:
Then analyzing the options chain of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 25usd strike price Puts with
an expiration date of 2023-9-15
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
#hindalco looking good for upcoming day#Hindalco... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS