On this pair, we have a clearly bearish price with an excellent entry point identified around 1.2550. The objective is to wait for a textbook retracement before entering short. I remind you that I am following the Forex48 strategy. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
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 this exchange, we can see a fairly congested market. My idea is that the price may return to the demand zone next week, predicting a stronger yen at the expense of the dollar, which has been losing ground for weeks now. However, the price could also violate the supply zone. Let me know what you think. Happy Trading to all. Forex408 Trading Academy
After an initial bearish setup and a short trade closed at 2.5 RR, the market is now showing signs of resistance around 137.70. At this point, I have identified a potential demand zone, which is an area where the price could bounce before continuing its downward trend. However, this zone could also act as a strong resistance before we see the price go even lower....
I have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone. Let me know your thoughts in the comments. Happy trading and have a great day.
Stoploss has been moved to breakeven for a risk free trade going forward into the next 36 hours of trade. Original entry provided below yesterday,
Simple set up ,broke previous 1st weekly and daily structure to the upside and keeps holding above it so right now after creating a new high price has retested the top of that broken structure so in roder to go long i will monitor this daily candle and see if we can get a daily clsoe above the Mp fib 26160
Price could make a double top on a key resistance/pivot area. We can see a well defined downtrend channel. If price fails to break resistance, it should look to test the most proximate support; should such support break, a continuation to even lower support areas should occur. The extension of a bearish impulse would lead to the inferior trendline of the...
GBPUSD BEarish BAT 1. Fib confluence 2. major structure resistance 3. 61.8 FIB 4 Going along with trend 5. the pair had violated the 50DMA and 20DMA
NFP may me negative, but all in all I still think we are bearish