The_Forex_Path

The_Forex_Path

Neutral about this due to weak GBP and short term USD weakness. But if the price respects the bullish trendline, it may give us nice break and retest for buy. SL not close because the area is of key ones and it will definitely be volatile with spikes and wicks trying to stop retailers & specualtors. I want nice break and retest with momentum green candle for...

The_Forex_Path

Hello traders. Today's news for weak USD and falling yields impacted on this huge move for gold. I 've change my point of view for the pair due to this vigorous price action. But such a big candle means that the price has being fueled with big orderblocks and in someway left a 'gap' back. I expect at least 50% retracement which will be a great entry point for...

The_Forex_Path

Eurjpy is approaching resistance zone. Additional confluence by trendline.

The_Forex_Path Updated 

The imbalance which was caused in the new week's opening, has a gap result. Gaps are imbalances which have to be mitigated. Long trader with entry at the current price without waiting for retracement.

The_Forex_Path Updated 

Nice entry for a quick sell, or patience till the next resistance level.

The_Forex_Path

Waiting patiently the price to hit the resistance level, complete the harmonic pattern and give a beautiful sell!

The_Forex_Path

Hello traders. Let's see if the GBPUSD price action come to the levels of interest of bearish trendlines and supply zone and how it will react... Then it may give a good sell opportunity.

The_Forex_Path

Friday's strong CAD news impacted on this pair pushing it almost 300 pips down. The pair has broke the Daily support. Investors move on the basic psychology bias of fear so I believe that most USD holders of buys will close their positions. This will impact to more bearish pressure for this pair completing so the correction for the last months' bullish...

The_Forex_Path

Hello Traders. USDJPY is being driven under great bullish sentiment for a long time. BoJ interventions up to now, have no impact empowering Yen. However, USA policy and huge America's debt, will show its teeth by creating instability for gobal investors. I think we are close in such a scenario. Now, in the chart I see that USDJPY needs either to head to the...

The_Forex_Path

Hello everyone.. GU remains deeply bearish and I am seeing nice setups for sell at retracement levels.

The_Forex_Path

Heavy bearish pressure for euro. We might see nice retests - possible sell areas.

The_Forex_Path

Hey traders. My view for three possible scenarios - short entries related to gold. Trendline, bearish bias in the markets, pressure from the FED.

The_Forex_Path Updated 

Hello traders. My short on GBPJPY is the above. I beleieve they push the price higher towards 173 + area and finally they will close their huge orders allowing the price to breath and create a big sell, heading at least at the drawn support area. So, sell limits inside the grey area. Weak bullish price action can give us cheaper prices to sell. Instead, if the...

The_Forex_Path Updated 

Hi again. I see a reversal for GBPNZD pointing at the Point of control, especially if it breaks the support.

The_Forex_Path Updated 

EUR at strong support zone plus 0.5 fib level area plus Bullish trendline. It may buy back up. Second scenario with black line...

The_Forex_Path Updated 

GBPCAD may breakdown guys. Nice sell will be if this scenario occur... GL!

The_Forex_Path Updated 

I discovered this huge gap in gbpaud which must be filled! Intermediate short position for this pair. I thing that at least they will cover it by a wick! Caution - Daily the pair is bullish but showed weakness to continue up in the medium term.

The_Forex_Path Updated 

Hi everyone! Red trendline stands for daily bearish bias. Gold is still in deep downtrend and has broken the support which might be retested giving us a nice sell entry. I keep an eye at Friday's NFP release which it may spike even to 1682 depending on the news. If gold doesn't breake bravely and hold the levels higher than 1693, I will not see the pair having...