The_Forex_Path

The_Forex_Path Updated 

Hello dear traders. We recently saw that gold has strongly reversed from the 1615 level. I see a break of downtrend structure by forming a new higher low and a new higher high. The Mid-term trend is starting to shift into sideways fading the bearish momentum. Fundamentals due to global status they neglect the bearish bias in my opinion. NFP impacted only for a...

The_Forex_Path Updated 

Hi dear Traders. As we may see GU has rejected the 0.618 Fib Level and has already broken the short - term 4H Trend coming from a supply zone. Due to the abovementioned, I am keeping my eyes for short on the break and retest strategy. Waiting for your comments!!!! Good Luck!

The_Forex_Path Updated 

UJ Stacked in a Supply zone fore days. The zone holds in a solid way and everything will be clarified tomorrow during NFP. With a trendline break, I see a sell opportunity at the retest of Trendline and Supply zone. It is very possible to go for a stophunt at approximate levels of 145.9-146.2. So, in order to be safe I will lower my lots and at the same time I...

The_Forex_Path Updated 

Hello Dear Traders. Below you may find my setup for possible GU long continuation. 1)GBPUSD recently touched and bounced from the monthly support of 1984 of approx. 1.035 2)BoE will rebound for the taxes issue, so this will impact on positive GBP buying interest. 3)At the 4H chart it seems that it respects the wave analysis and with green colour you can see...

The_Forex_Path Updated 

Hello dear Traders. In my opinion, I beleieve that the correctionfor GU will be continued and we are gonna see a wave principles move to the upside. SL calculated before major 1H Support and Fib level. The moment will retest the support to one of the golden Fib levels it will be a nice entry :). However, in order to be transparent, you should take into...

The_Forex_Path Updated 

Dear Traders, due to broken bearish trend line and current price action I am bullish for short term at EU. It is coming from a strong Supprot area of over 20 years. Kindly share your thoughts and your expectations. Good luck!

The_Forex_Path Updated 

Hello dear Traders. That's my view on EU. Waiting for your feedback. Good luck to everyone!!

The_Forex_Path Updated 

Hello Traders. Last week we observed a tremendous reversal for Eurjpy. However, In the above depiction, you may see that the price action has not broken neither weekly nor 4H trendline. Lets see how this week starts and what will happen with news. Scenario 1 stands for bullish continuation due to the retest of a strong demand zone. But keep in mind the price can...

The_Forex_Path Updated 

1H Chart for clearer PA due to the 4H was pretty steep and compressed. Dollar is aggressively bullish and will continue that way till the beginning of 2023. Price may retrace to 0.382 or 0.618. From both levels I am expecting a bullish continuation after the retest. if it breaks downwards the 0.618 and closes the 4H candle below the zone, this scenarios is not...

The_Forex_Path

Hey traders, That's my Gold set up idea due to the fact that it has all the confluences fron technical perspective to rise. Harmonics, !660 level has already been tested. After the break of resistance, the long at retest is valid, towards the 1725 resistance level. Multiple TP levels in the meantime. Good luck !

The_Forex_Path

Hello Dear Traders My point of view regarding the EJ for the short term. Cautiously and always with R:R management. Note: The price is approaching a strong supply level but it can give the result. From the purple supply zone we will se how it responds. We will then react accordingly for sell in case of some candlestick pattern, weak bullish Price action etc....

The_Forex_Path

Hello dear Traders. Looking at the eurusd for the next week, I am between two possible scenarios. Either the price action will continue the fresh trend by giving LL and LH respecting the descending trend line and will be a short opportunity after the break-retest of demand zone of 0.97638 searching for the yearly lows of EU. Or it will form a new structure...

The_Forex_Path

Hello dear Traders. GY has given over 1000 pips last week and it passed through the consolidation zone. Now it lays to a strong demand level from which it can buy for a short-time correction. For those of you you want to take buy trades be cautious because the prevailing trend has shifted to downwards. The fact is that it didn't retested with respect previous...

The_Forex_Path

Gold is preparing for a correcction to the the golden Fib zone. The resistance at the 1870 level is quite strong and it is forming an M pattern. However, rising inflation and tradewar of China-USA might drive gold prices to 1920 levels and then forming an asymmetrical H&S pattern which will be an excellent form of M formation to a huge sell.