On gbpnzd, we have a bearish setup after the trendline breakout this morning following the Eurozone PMI data. The price is heading towards the 2.0485 area, where we have a POC (Point of Control), which is a specific entry point for a long trade if the price reaches and bounces from the POC, representing the highest concentration of orders. In that zone, the market...
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 AUD/USD, we have a bearish setup, with the price possibly bouncing back to the 0.6745 area before further descending, as we have a FVG there, which means a point of high probability of reversal. The price could then drop to the 0.6670 zone, where, in addition to a bullish FVG, we also have a Forex48 block, providing two points of reversal that the price could...
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...
If you haven`t sold VZ here: Then analyzing the options chain and chart patterns of VZ Verizon Communications prior to the earnings report this week, I would consider purchasing the 31usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.08. If these options prove to be profitable prior to the earnings release, I would...
Regarding GBP/NZD, we have identified a bearish setup with decreasing highs and lows. It's immediately noticeable that the price has dropped over 320 pips, equivalent to 2.5%, in the last two weeks, indicating that the market is already pricing in the Federal Reserve's interest rate hike. In my view, I expect the price to potentially reach the level of 1.2812,...
Regarding EURUSD, we have a bearish trend starting from 1.1230, with the price heading towards the 1.10 zone. At the moment, there are two potential zones where the price could reverse, one at the level of 1.1070 and another at the level of 1.0970. In both cases, we have a very high-value FVG, which means a significant gap. If we receive confirmations on both the...
On EURCAD, we have a bearish setup with the price forming a supply zone yesterday during the American session, effectively creating a FOREX48 BLOCK and an FVG (Force Vector Group). In the first case, if there is a re-test of the 1.4690 level, we could look for confirmations for a short trade. In the second case, the FVG in the 1.4680 area, where, with confirmation...
On CHF/JPY, we have a bearish setup with the price breaking through a Forex48 block at the level of 161.88. That will be the point of interest to consider a short position if the market provides a double confirmation at M15 timeframe. The target will be 160.90. Let me know your thoughts. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
On EURCAD, we have a bearish setup. The price, following today's news and the tight monetary policy in the Eurozone, has reached a Forex48 Block, which is a zone around 1.4690, where we could look for a short trade entry point. Furthermore, if it continues to decline, we have another entry point at the level of 1.4570, where the price could potentially change...
From @Jagadheesh_Jk I'm Reached 1000 followers to 2000 followers in just 10 Days Only Thank you so much to each and every one of my 2000+ followers on TradingView! It means a lot to me that you have chosen to join me on this journey.... Your support allows me to continue analyse and sharing Strategies with all of you.... Guys Thank you for being a part of my...
Regarding GBPNZD, we have a bearish market with a very strong New Zealand dollar after negative data on AUD overnight. Currently, the market is retracing towards 2.0550, where we have a forex48 block, our personal strategy. In this area, it will be crucial to wait for a confirmation on the M15 chart before entering a short position with a target at 2.0495. Let me...
On USDJPY, the market is showing an upward trend with the price forming a FVG (Failure of the Graph Down) in the 139.10 area. In this area, the price could easily retrace and create a reversal, confirmed on both M15 and H1 timeframes. In that case, I would opt for a long entry with a target of 141. I would like to know what you think. Happy trading to everyone...
Analyzing the options chain of NEM Newmont Corporation prior to the earnings report this week, I would consider purchasing the 42.5usd strike price Calls with an expiration date of 9/15/2023, for a premium of approximately $1.11. 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...
On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for...
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...
In GBPUSD, we have a bearish setup with the price reaching the 1.3018 area, where we have a Forex48 block, which is a highly sensitive point for a price reversal and therefore an opportunity for a long entry. Additionally, we have an FVG (Fractal Vertical Gap) that, if confirmed on the M15+H1 timeframe, would provide an opportunity to enter long. In the first...
We have identified a bearish setup on NZDCAD, with the price bouncing four times in a full Asian session. Personally, I don't consider entries during that session to be good, so I will look for confirmation in the London or New York session. Therefore, we will see if at M15 + H1 the price manages to provide confirmation at the level of 0.8360; if so, we could...