The_Forex_Path

The_Forex_Path Updated  Nov 2, 2022

My idea on GBPUSD is that the general term is still bearish and we may see a possible double top pattern but not symmetrical. My target is the green line - supprot zone. For bullish scenario, I want to see the break of the upper High.

The_Forex_Path Updated  Oct 31, 2022

Dear traders, This is my ideas for XAUUSD. The price lies aat a key level right now and I am expecting a buying pressure back up to the most recent resistance zone. Scenario 2 is the opposite by break of the support.

The_Forex_Path Updated  Oct 31, 2022

Hello Traders. At first, I am short at GBPJPY for near term move. I believe they want to trap those who bought at highs. A take profit at 80 pips more or less, is good. However, in weekly conditions point of view, it may continue the rally to levels of 190.

The_Forex_Path Updated  Oct 31, 2022

Hello dear traders. Gold has given mixed signals. In my opinion it is still under bearish pressure but with lack of strong downtrend momentum right now. 10Y and 30Y yields and DXY are green, so this has already pushed prices down fomr the multiple times checked 1670 level. 1670 was great for 50 pips sell. On the other hand there is the 4H ascending trendline...

The_Forex_Path Updated  Oct 31, 2022

Hi again traders. Rcent USD weakness and EU positive news performed a shift in EURUSD trend. However, I am seeing that the past broken support which I pointed out with the eclipses, has not been retested and perhaps now is the time for this check. I consider this current level of important resistance which might drive the price at least in my first TP area or...

The_Forex_Path Oct 27, 2022

Hello Traders. Despite XAUUSD recent bullish formation, I think it is going to fae away based on the price behavior. Perhaps they will try to trick retail traders with a fakeout. I consider the 1683 - 1690 a supply zone. If price touches over there, it may sell. You know gold. It can give us a huge spike to the upside unexpectedly just to hit our SLs. Be...

The_Forex_Path Updated  Oct 27, 2022

Hi traders, based on the price action of last Friday, I see that the price at the moment lays close to a bearish Orderblock Area and a clear resistance level, which is being approached with very small - body candles. As a result, I am expecting a fall to fill the Sunday - night to Monday opening. Good Luck!

The_Forex_Path Updated  Oct 27, 2022

GBPUSD idea based on the recent bullish trend with potential retest buy zone. Short only if it breaks the structure.

The_Forex_Path Oct 27, 2022

Long Setup based on the key levels of interest - price action and trend. Let's see. Everything depends on US data.

The_Forex_Path Oct 26, 2022

Hello everyone. My idea about USDCAD is this due to the recent statements of Goldman Sachs about USA hidden - upcoming recession plus JP Morgan has the same forecast. Moreover, I see a structure of rejection from the resistance indicating huge orderblocks + a form of LH and LL as I depict with the arrows and trendlines. So, I will enter short in case of break...