On GBPAUD, we have a bullish setup with the price that has just retraced to a Forex48 block, a strategy devised by our CEO. The trade, with the H1 candle closing outside the block, will be set to break-even, so we will have a risk-free position. The target will be set at an RR 1:4, which means at the level of 1.92. Greetings from Nicola, the CEO of Forex48 Trading Academy
On GBPJPY, we have a bullish setup on both the H1 and H4 timeframes. The price is currently at the level of 181.70 and could reach the zone around 182, where we have a supply zone and a significant price level (FVG), presenting an opportunity to look for a short trade, provided we receive the appropriate confirmation on the M15 timeframe. Patience is the key. Drop...
On 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...
In the EURCAD pair, we have a long setup with the price about to break a supply zone, starting from a demand zone at 1.47. After the breakout, I expect a bounce as the price could form a pattern of our invention, called Forex48 Block. Here, we could enter long with a target around 1.4870. Let me know what you think, share your analysis, give a like to support our...
On USDCAD, we have a bullish setup with the price in the 1.3224 zone. There's a bullish trendline with a double bounce, and we're anticipating a third bounce around 1.32020, where we also have a Volume Profile Gap (FVG). This presents excellent opportunities for the price to rebound at that point and go long, with a potential target around 1.327, which is a sell...
✅AUD_USD is set to retest a Strong support level below around 0.669 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 0.6763 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-JPY is trading in an Uptrend along the rising Support line so I think that The pair will go up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG. This is not financial advice. Do your own due diligence. Longs are then to be expected as COT increases in long positions.
We have a potential trade on GBPAUD. The market has an uptrend after the NZD CPI, and I anticipate a retracement during the London session following the momentum of the Asian session, with price returning to the 1.9140 zone where we have a Fibonacci confluence. We should wait for proper confirmation on the H1 and M15 timeframes while managing the risk. Greetings...
On USD/CAD, we have a bullish setup with the price establishing a strong demand zone around 1.3128 and rising by breaking through the supply zone around 1.3177. Within this zone, the price has defined a Forex48 block, which is a potential entry point for a long trade in case of a pullback. In addition to this point, the price has identified another one in the zone...
On gold, we have a price that has stabilized in the range of 1050-1960 after a strong rally following the US data. In fact, we have seen a truly weak dollar during the week, except for yesterday when the greenback managed to regain some ground. However, I expect a price rebound in the 1938 zone, which corresponds to the 0.5% Fibonacci level, as the price is...
On GBPCHF, we have a bearish setup with the price approaching the 1.1350 area where we have a breaker block, which represents a potential reversal zone for a long trade with a target at 1.1413, offering a 1:4 risk-reward ratio. Always remember to seek proper confirmations before entering a trade. It would be fantastic if you could share your opinion and leave a...
On GBPNZD, an interesting scenario is unfolding this morning. The price has generated two demand zones with two value gaps, providing two excellent potential reversal points for a long entry. One is at the level of 2.0720, and the other is at 2.0690, where the market has already retraced twice at 23:00 and then at 05:00, indicating two entries in a timeframe that...
On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion...
On GBPNZD, after a short setup, the price has entered a box drawn on the H4 chart with a strong reaction. Here, the price could reverse, which is why I have set a long trade with a target at 2.0650 and a stop loss at 2.0490. I would like to point out that on the M15 timeframe, the price has formed a bullish candlestick pattern with a retracement to the 50...
GBPJPY presents a bullish setup with the price having reached a fair value gap around 183. At this point, I expect a rebound before a continuation to the upside with a target at 183.90 (a key level at H4 realized in 2015). It would be exciting if you shared your opinion. Additionally, it would be fantastic if you could leave a like to support our work. Greetings...
✅EUR_USD is trading in an uptrend With the pair set to retest The rising support line From where I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48...