On USDCAD, we have a great bullish moment that is bringing the price to the supply zone. At 1.365 area, we have a strong resistance zone. At that point, I identified a POI that could be my entry point to the market with a target of 1.3538. RR 1:6. The trade is very risky because the interest rate data will be released in 4 hours. Let me know what you think....
On EURNZD, we have a price that has just broken the previous highs, effectively creating an entry zone within the demand, which is a strong support zone. The objective is to enter long with a target of 1.78. Let me know what you think. Happy trading to all. Forex48 Trading Academy
On this pair, we have an excellent Demand zone in which the price could create a bullish setup, and then we could position ourselves for a long trade. Perhaps in anticipation of tomorrow's data, which predicts a rate hike that will occur 99%, it could push the dollar higher and bring some strength back to the currency that has lost a lot of ground in the last...
We like a buy short term here. Possible 5 wave count spotted. We would like to 38% to 50% of previous high. Not advice. Faster timeframe Trying something different.
we like a short here intraday. not advice. we would like to see 38%-50% retracement of previous low. Potential 5 wave pattern spotted.
On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone....
On gold, I have identified a long opportunity. After examining the asset, I have set my strategy to enter on 25% of the demand zone if the price breaks the previous high with three consecutive bullish candles in both H1 and M15 timeframes. Let me know your thoughts. Happy trading to all. Forex48 Trading Academy
We like a sell near this price level. Potential "ABC" Zigzag spotted. Would like to see a retracement of 20% or more. Not advice.
Potential ABC Zig Zag Spotted. We want to see 38% of the fibonacci retraced. Not adivce.
Potential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
Potential ABC zig zag spotted. Looking for 20% min (fibonacci tool). Looking for entry on candle close if color stays same. Not advice.
Would be interesting to see if we could retrace near the 20% area on the fibonacci. Not advice.
A few days late on this honestly but just curious on this one and want to journal it. Wonder if price could reach the 50% to 61% price level. We did take a trade on this last night. We wanted to see if there could be more momentum to the upside in the short term before the next retracement or pullback.
We like a buy here. Not advice. Price pulled back a bit. Could possibly retrace between the 20% to 30% area. We have a stop loss set for risk management using an ATR.
On this pair, I have highlighted a very strong demand zone at 0.6570 - 0.6580. At this point, there is a possibility that the price will create an area to use as an entry point for a short or long trade. However, the possibility of a long trade does not exclude that of a short trade. Remember to look at both directions and never focus only on one perspective....
On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price...
On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade. Let me know what you think in the comments. Happy trading, everyone.
I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade. Let me know in the comments what you think. Good trading to all.