The_Forex_Path

The_Forex_Path Updated 

GBPAUD has broken formation of HHs and HLs in the daily. Currently, it lays below the broken support. It is highly possible to retest it but it may retest the broken ascending trendline, too. On 1-D Timeframe the moves are big. In the retracement scenario, Fib levels will be applied to observe. Pound usually reacts to 0.5 or 0.618. Target the former strong...

The_Forex_Path

Hi Traders. Gold lays in a very interesting point. It can go either ways based on the depicted zones. SL as usual is above the easily predictable price levels - stop hunt protection. The one is the predominant uptrend and if the Fib level keeps at max the 0.786 it can give a strong uptrend with a target No1 1927. The second is the continuation (intermmediate...

The_Forex_Path Updated 

XAUUSD has broken the bearish trendline and retested it once. There is still room for one more test but it is a nice opportunity to buy once an ascending trendline is still valid and the price is close to a support level. Below 1925, it is considered a trend change. At the moment, I am more into longs at supports and an overall TP close to 2000.

The_Forex_Path

GBPUSD lays at a major support level keeping the structure of HH - HL in daily and is combined with Fib level. High probability for the price to bounce back up to the recent high.

The_Forex_Path

USD in a weekly demand area and a possible rejection of the trendline.

The_Forex_Path

Possible M pattern after an imbalance. The pair is close to supply level too.

The_Forex_Path

Hello Traders. The pair is inside a range of 100 pips more or less. The key level at this point is a weekly supply zone. Either a premium entry now for sell by adding more on the breakout of the lower part of the range aiming for two tp levels of two different support areas.

The_Forex_Path

Major daily, 4H support level. 0.382 fib area. Bottom of an ascending channel. 1H chart - shows a break and consolidation, but I believe it is a fakeout. let's see how it goes based on price action. Long term profit the next strong supply zone. Every +100 pips - intermmediate profit targets. GL!

The_Forex_Path Updated 

EURCAD close to strong supply area and below a major trendline. Potential drop.

The_Forex_Path Updated 

USDCAD potential sell opportunity based on the bearish trendline and the resistance area. On the other hand, the candle was very bullish due to positive US housing news. Fib level shows level of interest. GL!

The_Forex_Path Updated 

EURJPY inside a supply zone and under test of weekle falling trendline. Potential correction...

The_Forex_Path Updated 

Hi traders! Four days left for important news 1) BoJ Interest rates - positive forecasts 2) Swiss Retail Sales - negative forecasts may drop the price combined with the major weekly-daily supply zone which is close. And possible fib-levels with support areas for bounce-back long trades.

The_Forex_Path

EURCHF multiple scenarios. At the moment the price is inside a triangle and it is highly probable to see a rejection from the descending trendline.

The_Forex_Path

EURUSD has shown pretty bullish price action. However, it is close to a strong supply zone. Pending to see any possible signal of rejection.

The_Forex_Path

Hello traders. 5 possible long areas - retest levels and one sell area based on strong supply zone. As you can see I have set my alert notifications too. The point is that each on of the buying positions is based on key levels. The pair is bullish but it is overextended in bull market bias.

The_Forex_Path Updated 

Hello traders. Lack of global stability and current gold price action indiates that it is going to visit ATH again or even exceed the historic level. So, I am countint the 2000 area as a buy area number one. 1980 can be a retracement too for more opportunities. Waiting for retest...

The_Forex_Path Updated 

CHFJPY has closed tha last 4H chart with a weak price action to surpass the current resistance area. Let's see how it goes!

The_Forex_Path Updated 

GBPNZD breakou Wait for retest and looking for buys.