EURAUD is currently located in the 1.62 area, where we have a strong demand zone that has temporarily halted its downward movement. We will see if the price manages to reverse here and move upwards, creating a long setup with a potential take profit target around the 1.64 area, where we have significant volumes. All of this aligns with the Forex48 strategy. Let...
On gold, we have a bullish setup. The price is near a supply zone and has just come out of a demand zone with high volumes. Everything will depend on today's NFP data. The objective is a bounce in the 1979 area with a target of 2010, or a retracement towards the 1940 area. Let me know what you think. Happy trading to everyone.
On GBPUSD, we have a bullish/neutral setup in anticipation of the Non-Farm Payrolls (NFP) data, which will be released in approximately one hour. The objective will be to look for a bearish setup if the price falls below the supply zone and then bounces back around 1.2520. Otherwise, a long position with a target of 1.26 could be considered, and this might be...
On AUDUSD, we have an important Point of Interest (POI) at the 0.6505 area, created by the market exiting a demand zone. Following the Forex48 strategy, the objective is to wait for a rebound in that zone for a long entry with a target of 0.6550. Let me know what you think. Happy trading to everyone.
On CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the...
Analyzing the options chain of WIX prior to the earnings report this week, I would consider purchasing the 75usd strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $1.70 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 opinion about it.
If you haven`t sold CRM here: then Analyzing the options chain of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $9.05 If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Good evening gold gang! hope you are well and survived todays price action. We started off with a 100 pip fall down to the key level in asian session .. the first in a while with any volume. Then a correction in London followed by a push through for a total of 400 pips of movement, 300 in once direction. A nugget here for you guys, Gold normally moves in...
On EURJPY, I predict a decline towards 146, where we have a strong demand zone. After the sixth confirmed touch of a bearish trendline around 149, the price has resumed its descent. There is an expectation of a weak euro and a strong USD in anticipation of the congress, while the yen tends to strengthen in times of danger as it is considered a second safe-haven...
BUY ABOVE - 18550 SL - 18500 TARGETS - 18580,18610,18640 SELL BELOW - 18500 SL - 18540 TARGETS - 18460,18420,18380 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
On NZDUSD, I expect a bounce in the demand zone around 0.5990, with a target in the 0.6130 area. Pay attention to the vote on the US debt. There may be low volatility in today's session, but significant volatility could arrive at 8:30 PM. Let me know what you think. Happy trading to everyone.
On USDJPY, I anticipate a retracement towards the 1.3450 area where we have a significant demand zone that has already resulted in a successful trade last week, and where the market has formed a bullish setup before pushing higher. Therefore, I will enter around 1.3450 with a target at 1.4050. Pay attention to the vote on the US default. Let me know what you...
On NZDJPY, we have a price that is currently in the 84.48 area, where we have a demand zone. The price is creating a significant liquidity area there, and a long setup could potentially be formed to reach the 86.60 area, covering the entire market inefficiency. Let me know what you think. Happy trading to everyone.
On this pair, I predict a price return to the 172.47 area, where we have a demand zone. There, I believe the price will create a long setup for a return to the 174 area, which represents all-time highs. Let me know what you think. Happy trading to everyone.
On GBPUSD, we have a market that is currently at the 1.2430 area, where we have an excellent point of interest (POI) with a supply zone. The price could potentially drop with a great trade risk-reward ratio of 2.5 in the 1.2340 area, and then bounce back up to the 1.2470 zone where we have a strong supply zone. Let me know what you think. Happy trading to everyone.
On XAUUSD, we have a long setup that, after creating false lows around 1935 and effectively spiking on a demand zone, the price has risen, breaking previous highs and creating a perfect long setup for a trade entry. All of this follows the Forex48 strategy. Therefore, I entered the position at 1940 with a target of 1981. Let me know what you think. Happy...
God evening gold gang .. hope you had a great holiday weekend. Its back to work time! lets see whats going on Ok at market close this evening, OANDA printed this huge candle sending myself and social media into uproar! It turns out that its just a glitch with oanda chart and having checked my broker feed and other charts, its just a one off. I wonder how it...
On AUDUSD, we have a price that, after forming a demand zone around 0.6530, retraced to the 0.75 Fibonacci level, creating a long setup. The target for this trade is 0.6650 with a risk-reward ratio of 1:6. Let me know what you think. Happy trading, everyone.