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XAU/USD LONG TRADE BEFORE FED RATES On this trade, we have a bullish setup after the price broke a bullish trendline and bounced off the intersection of two trendlines. I positioned myself long exactly after an H1 confirmation at the 1955 level. I've set the target around 1990, where we have a FVG (Failed V-shaped pattern), which indicates a possible zone for a short trade in case there are appropriate confirmations. Leave a like and let me know your thoughts. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
BOIL (3X Natural Gas ) Overnight Trade RecapAs a triple leveraged ETF BOIL is highly volatility and typically has a good range even if the overall price changes only a small amount from one day to the next. While these overnight day trades are typically conducted on the 3 or 5 minute time frame, here a 15- minute chart is shown. Because BOIL is tracking natural gas futures and the futures markets are around the clock , BOIL often has movement after-hours and in the pre-market while futures markets are active. In this example, the chart is dressed with double Bollinger band setup with deviations of 1.618 and 2 618 which are Fibonacci numbers. Relative volatility and relative volumes are indicated as well to be better attentive to reversals or trending amplitudes. In this example at about 12N on yesterday 7/24, price dropped out of the bands volume and volatility went red to green and the candlesticks formed a morning star pattern. This is the entry. The stop loss is placed just below the lowest bottoming wick in the pattern. Today, in the premarket, when the price rose to outside the upper trade zone and green bars on the volatility and volume indicators fell quickly, the trade was closed for a realized profit of 4.7%. About 90 minutes later, another long trade was set up for a more than 4% five hour day trade. Rinse and repeat DYODD !
AMEX:BOILLong
by AwesomeAvani
EURUSD full weekly AnalysisSMA 20 of Daily chart alamost matches with SMA 480 of hourly chart. SMA20 of daily chart was a great trend detector for the pair recently so I'll use 480 in hourlt chart. According the SMA20 we are still bullish. By deeper look at Daily chart a bullish channel could be seen that proves bullish trend. Also a great SNR zone is obviously clear in daily chart. I think last week was just a correction. By looking at 1H zone, we could see conflux of mighty SMA480, Camarilla pivot level of S3, Daily S&R zone and also a strong Delta Volume important zone. There is a high probability of rejection from the zone. About the delta volume: There were strong buyers in last bullish move, but in some points there were slightly stronger sellers, market tends to reverse from those critical points. Looking at IG sentiment factor we'll get that sentiment indicators worked reversely in recent weeks. So strong sellers can not hesitate me. Market may avoid sharp moves before FOMC meeting at Wednesday. TP1 : 1.116 TP2 : 1.121 TP3 : 1.130
Long
by AliSignals
2
BTC - Bartnalysis Technical analysis is adapting. We can see this Bart pattern proved to be a strong support level, but was not able to hold up. Since his head is only so big. (Next time I'll make it bigger, so this doesn't happen - gotchu fam 🤝) We have support levels at: - Eye level - Nose level - Mouth level Currently, price is sitting at forehead support levels. Volume has been sliding 😏 and I would expect a reversal off of the this support area, or the nose support.. Likely by Thursday after the FOMC meeting.
COINBASE:BTCUSD
by SpektreSignal
EUR/CAD BULLISH TRADE - TRADE IDEA H1On 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 news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
📉🛢️ Crude Oil Technical Analysis: Bearish Setup in Focus 📈🐻🚨 Oil traders, exciting times ahead! A compelling bearish opportunity has emerged in the 4-hour timeframe. The price of Crude Oil has recently encountered a crucial supply zone, where a strong rejection was formed. Adding to the bearish outlook, the RSI indicator reveals a bearish divergence, supporting our thesis for a downside move. As traders, you have two strategic options to approach this setup: 1️⃣ Enter a short position right from the supply zone, utilizing the proven supply zone strategy to capitalize on the rejection and potential decline in price. 2️⃣ Exercise patience and wait for a breakdown of the trendline, which will provide additional confirmation to the bearish scenario before initiating your short position. For both approaches, the first take profit level awaits at approximately 73.50, and our ultimate target stands at 71. This is a significant level where a large pool of orders is anticipated, making it an attractive target for taking profit. Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful !🚀
TVC:USOILShort
by Thomas_Zito
13
Bitcoin (BTC) in 2023: Transitioning into a Bull Cycle High-Level Overview: As we progress through 2023, it appears that Bitcoin (BTC) has transitioned into a cycle impulse wave, a bull run in a five-wave structure, from the bottom of the recent bear market. Within this cycle impulse wave, we are currently in the first primary wave, which is projected to climb up to the 39-40k range. However, this upward trajectory is not without potential roadblocks. Following this initial surge, we can expect a primary Wave 2 correction that could pull BTC down to the 22-24k range by the end of the year. Short-Term Details: Drilling down further into the structure of this first primary impulse wave, we are currently in the intermediate Wave 5. This wave could potentially drive BTC's value up to the 39-40k mark by the end of September. As part of this intermediate wave 5, we are presently in a minor Wave 2 correction. This correction phase may see BTC's price finding support at the 28-29k level. Following this correction, we anticipate a strong minor impulse Wave 3, potentially pushing BTC up to the 1.618 Fibonacci level, which equates to around 36k. Subsequent to Wave 3, minor Wave 4 is predicted to retrace but should not drop below the top of Wave 1, thereby maintaining a support level of over 31.5k. Finally, after this minor Wave 4 correction, we should see the final push of minor Wave 5. This final wave within the intermediate wave sequence could see BTC hitting the 39-40k target. --- Disclaimer: This analysis uses the Elliott Wave Theory, volume profile, and Fibonacci retracement levels for technical analysis. However, financial markets are inherently unpredictable and influenced by numerous factors. This forecast is not financial advice but an interpretation of potential market movements. Always conduct your own research and consider your risk tolerance when making investment decisions. Please keep in mind that the Elliott Wave Theory is highly subjective and open to interpretation. In addition, real-world markets are rarely as neat and predictable as theoretical models, so anomalies and irregular patterns do happen.
BITSTAMP:BTCUSDLong
by HedgeMode
2
GBPNZD SHORT SETUP AFTER EURO NEWSOn 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 could rebound with a target at 2.0850. Leave a like to support our work, comment, and share your analysis. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
GBP/USD BULLISH SETUP DURING FED WEEKRegarding 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, where we have a Fibonacci level, which could be a possible reversal point with the necessary confirmations, of course. Subsequently, the price could turn long with a target of 1.31. This is also supported by the fact that the pound is expected to recover economically in the coming months, bringing in very positive macroeconomic data for the currency. Let me know what you think in the comments. Happy trading and have a great weekend, everyone, from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
GBP/NZD POSSIBLE SETUP H1 - SHORT TRADERegarding 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 know what you think. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
7
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum. Price bounced up from the POC line of the volume profile in a demonstration of bullish buying power and buyers defending that support level. The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the slower weekly time frame RSI line in black about June 28 and they are both above the 50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the horizontal zero line and bounce upward over a positive histogram. The relative volume indicator shows increasing overall volumes with the mean rising from 15M to 26M daily overall. The presumption is that increasing volume supports price action while decreasing volumes would cause price and volatility stagnation. From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will zoom into a 15-30 minute time frame seeking a pivot low from which to enter using a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
NASDAQ:PLUGLong
by AwesomeAvani
NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5 times the running average and about 1M. Volume support for price action is obvious. The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI (black line) and is retreating a bit. The daily RS is below 80 and still trending up. The MACD shows a classical bullish momentum pattern with the lines well above the histograms. Overall NFLX has the risk of overextension and possible topping with a fade afterwards. The mass index indicator shows a value into the reversal zone but until the value rises and the drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick 5% ROI between now and the end of the week and about 50% on an options trade with a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use the profits realized therefrom to buy a put option to take a ride down.
NASDAQ:NFLXLong
by AwesomeAvani
1
EUR/USD DOUBLE SETUPS BEFORE US RATESOn EURUSD, we have a bearish setup that is approaching the 1.1150 area, where a price reversal could occur as we have a FVG (Failed Vertical Gains). However, the price could retrace first to the 1.1217 area, where we have a Forex48 block, indicating a potential zone for a short entry. In both situations, we need the appropriate confirmation before entering the market. Let me know your thoughts in the comments. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
USD/CAD LONG AND SHORT SETUP AFTER NEWSOn USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards 1.3090. Let me know what you think. Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
CPRT Entry, Volume, Target, StopEntry: when price clears 89.79 Volume: with daily volume greater than 2.6M Target: 94.50 area Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:CPRTLong
by tradepatiently
USDJPY - WILL THE FED INCREASE INTEREST RATES?USDJPY is currently showing a bullish trend, supported by the increase in sentiment among American consumers over the past month. At the moment, the price is at an interesting zone around 138.70, where it could retrace to the level of 137.60. At this level, we have a Forex48 block, which represents a potential entry point for a long trade. Alternatively, the price could reach the zone of 141.60, where we have another Forex48 block, indicating a possible reversal and an entry point for a short trade. The upcoming week looks promising with some significant macro data, especially considering the perspective of the Federal Reserve. Wishing everyone successful trading, and greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
9
USDCAD TWO POSSIBLE SETUPS H1On 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 of 1.3260-1.3270, where the price could retrace for a short entry. Let me know what you think, share your opinion, and leave a like to support our work. We would be truly grateful. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
XAUUSD RE-TEST BEFORE A LONG TRADE H1On 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 currently at the 0.25% level, which has acted as support. Therefore, I anticipate a retracement before going long and retesting the 1965 levels in the supply zone. If you'd like, we would be really grateful if you shared your opinion and left a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy