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EUR/CAD DOUBLE SHORT ENTRY SETUPS H1On EURCAD, we have a bearish setup with the price forming a supply zone yesterday during the American session, effectively creating a FOREX48 BLOCK and an FVG (Force Vector Group). In the first case, if there is a re-test of the 1.4690 level, we could look for confirmations for a short trade. In the second case, the FVG in the 1.4680 area, where, with confirmation on the H1 and M15 timeframes, we could look for a short trade. We enter with a target at 1.4560. Let me know your thoughts in the comments. Happy trading to everyone and have a great day from Nicola, the CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney
4
USDCHF to correct to the upside?USDCHF - Intraday Broken out of the channel formation to the upside. Short term momentum is bullish. A break of yesterdays high would confirm bullish momentum. We are trading at oversold extremes. Trades at the lowest level in 105-months. We look to Buy a break of 0.8686 (stop at 0.8650) Our profit targets will be 0.8776 and 0.8796 Resistance: 0.8684 / 0.8700 / 0.8720 Support: 0.8656 / 0.8626 / 0.8600 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
EUR/CAD BULLISH AND BEARISH ENTRY SETUPSOn EURCAD, we have a bearish setup. The price, following today's news and the tight monetary policy in the Eurozone, has reached a Forex48 Block, which is a zone around 1.4690, where we could look for a short trade entry point. Furthermore, if it continues to decline, we have another entry point at the level of 1.4570, where the price could potentially change direction and resume a bullish trend. Let me know what you think about this trading scenario. Regards and happy trading from Nicola, the CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney
2
USDCHF in a bearish channel at oversold extremes.USDCHF - 24h expiry We are trading at oversold extremes. The primary trend remains bearish. Trades at the highest level in 105 months. Trading within a Bearish Channel formation. Trend line resistance is located at 0.8607. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.8607 (stop at 0.8639) Our profit targets will be 0.8527 and 0.8517 Resistance: 0.8575 / 0.8600 / 0.8630 Support: 0.8555 / 0.8530 / 0.8500 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
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 EdgeTradingJourney
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 EdgeTradingJourney
4
NZD/CAD GOOD FVG - LONG ENTRY SETUP H1On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for a short trade. Let me know what you think, and I wish you successful trading. Nicola, CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
1