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
On this pair, I have noticed that the price, after a bullish run, has started to bounce on a demand zone that has been present since March. My goal will be to wait for a price retracement within a mini supply zone that I have highlighted in red called POI and then set a short trade. Let me know what you think. Have a nice trading! Forex48 Academy
Good morning guys, On EUR/JPY, we have a bullish daily trend. According to my view, the price could retrace to the 148.300 area, where I have identified a POI zone. This will be my area of interest in which I will look for a short trade. Let me know in the comments what you think. Happy trading to everyone! Forex48 Academy
LOB entry on GBPUSD 15 Mins for a Short position. SL Above the Asian session.
LOB entry on GBPCHF 15 Mins for a Long position. SL Below the Asian session.
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.
Depletion of sellers in line with DXY falling, lets see if this minor structure holds for a consolidation breakout
Breakout setup occurring in live time with momentum entry, lets see if market will give us at least 1:2 RR
I have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade. Let me know in the comments what you think. Happy trading to everyone, bye.
In GBP/JPY there is a supply since December. I used this supply to look for a potential entry point. I opened a short position this morning with a 1:8 risk-reward ratio target. Let me know in the comments what you think. Happy trading everyone.
LOB entry on GBPCAD 15 Mins for a Long position. SL Below the Asian session.
On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point. Let me know what you think in the...
LOB entry on GBPCAD 15 Mins for a Short position. SL Above the Asian session.
LOB entry on GBPNZD 15 Mins for a Short position. SL Above the Asian session.
On EUR/USD we have a strong congestion. I have identified two hot zones, one supply and one demand. The expectation is very simple, I will look for a short or long trade based on the setup that could be created if the price were to return within the supply or the demand. We will see... Patience is the key. Let me know what you think in the comments. Happy trading...
LOB entry on GBPCHF 15 Mins for a Short position. SL Above the Asian session.
On GBP/JPY, we have a strong supply zone that has been broken after four months, and therefore the objective will be to look for a possible long entry with a 1:6 risk-reward ratio target. Let me know what you think in the comments. Have a nice trading day!