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EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it. Nicola the CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
USDCAD Long structure with long trade!In the USD/CHF pair, we can observe a long trend on the H4 timeframe, which started on July 27th, now about two weeks ago. My expectation revolves around a potential long trend if the market retraces to the 0.8780 area. This level corresponds to the 0.5% Fibonacci retracement, marking the 7th touch of the trendline. Additionally, considering the context, we are situated perfectly within an H1 demand zone. This circumstance could provide further likelihood that the price might pivot at that point to continue the upward movement. Of course, I will monitor for any H1 confirmations before entering the market. Should an entry occur, the target is set around the 0.888 area, where we encounter a significant resistance level. Let me know your thoughts, drop a like, and leave a comment. Best regards and happy trading to all.
Long
by Forex48_TradingAcademy
3
USDCHF remains in a slight uptrend.USDCHF - 24h expiry Our short-term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 4-hour EMA is at 0.8769. The sequence for trading is higher highs and lows. Remains bullish while above last week's low. We look to Buy at 0.8771 (stop at 0.8739) Our profit targets will be 0.8851 and 0.8871 Resistance: 0.8814 / 0.8828 / 0.8850 Support: 0.8790 / 0.8770 / 0.8750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD Long structure with entry trade!Good morning traders, while observing USDCAD, I've noticed how the price is clearly trending upwards, and this has been confirmed by the breakout of a higher swing at the 1.3490 level. After that breakout, the price retraced, retesting that level until touching the bullish trendline. From there, a strong impulse started towards the 1.3580 level as the first target, and the second target is set at the price level of 1.3650. Before entering, I will wait for a further bounce on the trendline at the 1.3503 level. Let me know your thoughts, as your support is vital to our work. Regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
AUDUSD gains to be limited.AUDUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 0.6525 level. We look to Sell at 0.6525 (stop at 0.6560) Our profit targets will be 0.6445 and 0.6425 Resistance: 0.6460 / 0.6550 / 0.6625 Support: 0.6340 / 0.6275 / 0.6185 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPAUD Bullish structure with a FVG point!On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current position. In that area, we have a Hidden Bullish Divergence on the H1 timeframe, a zone where a price reversal could occur. However, a double confirmation on the M15 timeframe would be necessary before considering a long entry with a target at the level of 1.9620. Let me know your thoughts, comment, and leave a like to support our work. Happy trading to all.
Long
by Forex48_TradingAcademy
2
EURUSD Short trade with Key levels!Good afternoon traders, I was observing the EUR/USD and I've identified a potential zone for a sell. At the level 1.0940, we have a FVG, which stands for a block of inefficiency that the market could reach and then retrace. Additionally, I'm noting the creation of a bearish trendline with a double touch, which might lead me to think that the third touch will be the decisive one for the beginning of a short trend down to the 1.083 zone, where we have a Swing Low. Let me know what you think, comment, and leave a like to support our work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
3
Bitcoin (BTCUSDT) Breaks Wedge Pattern Yet AgainBitcoin is once again displaying its strength by breaking above the wedge pattern, signaling the potential for an upcoming rally. While it's important to acknowledge the possibility of further downside, the probability of the uptrend continuing is considerably higher. In this scenario, we're leaning towards a long opportunity, setting our profit target at the 161.8% resistance level. If and when this target is reached, there's a potential for BTCUSDT to experience a 14% increase from its current price. The risk-to-reward ratio is notably favorable, making this an enticing trade setup. Let's closely observe how this situation unfolds and whether the market aligns with our analysis.
Long
by CryptoPAMM
2
AUDUSD remains negative.AUDUSD - Intraday Our short-term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. The bearish engulfing candle on the 4-hour chart is negative for sentiment. Price action has posted a Doji candle and is neutral for the short-term sentiment. We look for a temporary move higher. 50 4-hour EMA is at 0.6574. We look to Sell at 0.6575 (stop at 0.6605) Our profit targets will be 0.6505 and 0.6485 Resistance: 0.6540 / 0.6560 / 0.6585 Support: 0.6527 / 0.6500 / 0.6480 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA