The_Forex_Path

The_Forex_Path Pro+

GBPAUD is bouncing off the weekly-daily supply zone. Possible sell. Note: The overall momentum is bullish.

The_Forex_Path Pro+ Updated 

EURJPY at fibo retracement 0.618 and resistance level. Possible sell with 2 TPs

The_Forex_Path Pro+ Updated 

EURUSD lays at bearish orderblock area. EU will follow USA recession soon. So, 2 target areas on the table.

The_Forex_Path Pro+ Updated 

XAUUSD strong bullish momentum. Global Fundamentals show that the only way for the precious metal is ATH. Soon I expect 2xxx. Retests of Fibo 0.382 and 0.5 are good points for entries - possible support lies over there.

The_Forex_Path Pro+ Updated 

GBPNZD breakou Wait for retest and looking for buys.

The_Forex_Path Pro+ Updated 

GBPJPY sideways PA. Price trap with resistance and Fib area.

The_Forex_Path Pro+ Updated 

EURJPY approaching the bearish trendline. It has already touched and rejected the resistance and is highly possible to touch it again with confluence of the trendline. Due to lack of stability worldwide, yen seems more attractive for investements.

The_Forex_Path Pro+ Updated 

CADJPY under strong bearish trend and JPY surge. Break and test scenario aiming at the strong demand zone. Pending Longs at discount prices for mid-term reversals of few pips.

The_Forex_Path Pro+ Updated 

GBPUSD at a critical point. Either break and wait patiently for retest to enter (always price action is the key even PA of lower TFs) or Bounce down to the most recent support areas.

The_Forex_Path Pro+ Updated 

Hello traders. CHDJPY has broken support zone. The important thing about Yen pairs is the ADR and volatility. So, I am expecting both a soft and an extensive correction in order to enter short. Buy for mid term at the bottom.

The_Forex_Path Pro+ Updated 

Hello traders. Yen shows surge!!! The pair has shown fakeout of the trendline and respected the current global situation. Techniocally, it can go back up to test the trend line in confluence with some previous resistance area + Fib levels of 0.618 - 0.5. I am cleary in fond of shorts. Even in an SL event, I will consider enter again based on price action, news...

The_Forex_Path Pro+ Updated 

Hello traders. EURUSD has shown response to weakening of US sillicon valley bank. In fact it is a consolidation which could be turn into a mid-term uptrend. Currently the price has broken with a strong candle (despite the long top wick buyers are fully in control) so I am expecting a short term SH-SL Fib retracement in conjuction with support. This mean I think...

The_Forex_Path Pro+ Updated 

Hello traders. Gold is obviously very bullish. But there is a monday-openingg gap which may be filled for equilibrium reasons and net positions. I believe that gold is at the perfect level for a sell trade regarding retracement. However, I am more into longs from key support areas combined with fibonacci level of 0.618 and 0.5.

The_Forex_Path Pro+ Updated 

Hello traders. Mid term view with potential entries and exit areas. There is a possible shift in trend and a trend line has been formed. I am expecting either a retest of the support or a stophunt at the previous support area. Then down to 0.5 Fib level from which I expect a bullish continuation.

The_Forex_Path Pro+ Updated 

Hello traders. I am patient at the moment with this gold price action. In my opinion I see 2 possible scenarios. 1st is the stop hunt of retail buyers in conjuction with selling panic down to 1792 and then a buying reversal. 2nd one is the retest of the recent highs around 1845-1856 area which will be perfect for shorts. Note: Weekly TF perspective, it is...

The_Forex_Path Pro+ Updated 

Hello Traders. GBPUSD is showing 4H and 1D bearish structure of LHs - LLs. The ascending trendline in the 4H TF is broken and a new descending trendline is under process. I am waiting for a break of structure of the current support and a retest as a resistance + trendline test for entering bearish. On the other hand, a strong breakd and wick in the bottom of...

The_Forex_Path Pro+ Updated 

EURCAD miscallaneous scenarios depending on what the market is going to give us. EUR important news this week...

The_Forex_Path Pro+ Updated 

USDCAD has invalidated the support. Focus on price action at the retest.