The_Forex_Path

The_Forex_Path Updated 

Some different approaches for gold. In general there are few possibilites for shorts. Perhaps the 1880-1890 area might give a decent drop of some hundreds of pips just to trap retail traders and based on profit closure, too. The forecasts for gold emphasized on rallies. So, taking into account fibo levels from different points of view (SHs-SLs) and support key...

The_Forex_Path

Gold is approaching a level of great importance. While most traders anticipate a correction, it may skyrocket above 1900. I believe in the strength of the current supply zone though. I consider 2 possible short entries. If the SL is reached I will take the other side by entering long in some overextended correction approx. 1868. However, it will start droppin...

The_Forex_Path Updated 

In the weekly TF silver has broken the supply zone and last weeks has formed a candle of retest. I am expecting a little more correction to 0.5 fib level and then a really strong bullish continuation.

The_Forex_Path

CHFJPY is under consolidation. From a weekly perspective - grey zones it seems trapped. I expect a big retracement to 132 in the mid term. So, any spikes will be considered possible opportunities for sell orders.

The_Forex_Path Updated 

GBPCAD waiting for a beakout either of support for bearish continuation or a break of resistance.

The_Forex_Path Updated 

CADJPY close to weekly demand zone. Potential buy reversal from here.

The_Forex_Path Updated 

GBPJPY structure is pointing LLs & LHs. After the break, we are currently at the retest. Possible bearish continuation.

The_Forex_Path

Perhaps this price action is due to bullish flag. I am expecting a bullish continuation up to the daily-weekly supply zone and a rejection to the downside.

The_Forex_Path

Hi traders. I think EU is pushing to psychological level of 1.08 and soon after that, there is the possibility to test the weekly supply zone of 1.1000-1.11000. So, after the initial fake NFP move last friday we observed a very strong bullish candle. Drawing Fibos and support areas I see long continuation,

The_Forex_Path Updated 

USDCHF is strongly bearish and it has broken the consolidation zone. Looking for short entries in possible retracement zones. Also, a good entry could be the first resistance area.

The_Forex_Path Updated 

EURJPY idea based on bearish channel and major key level. Let's see if this resistance holds. On the other hand, for long I want to see a break of structure which structure was recently really clear with LHs & LLs. Spikes may occur so it needs caution.

The_Forex_Path Updated 

USDJPY is under a strong downtrend as it is shown by the channel and general structure. Last days the pair retraced to 0.5 and performed a strong sell to the daily support. I see some sort of consolidation and a possible retracement to some fibo again. But I am more into short positions provided that UJ will give as a strong close below the support with an...

The_Forex_Path Updated 

Hello Traders. My view on EURUSD. The structure is bullish and in the long term I keep an eye at 1.10-1.11 area. At the moment the price is inside consoldiation box. The upside breakout may favor the breakout traders for some pips towards the liquidity zone. For more conservative ones, Retest of previous support zones with Fibonacci zones as confluence. As...

The_Forex_Path Updated 

Hello traders. Personally I see USDCAD moving sideways despite the recent bearish price action. But for the mid term I 've trapped the price in some levels both resistance and support. I am more fond of short entries in Fib area of 0.382 + resistance while I see a long oppurtunity as indicated. Caution on Thursday news for US jobless claims.

The_Forex_Path Updated 

GBPUSD is trapped in consolidation. I am waitimg to see a clear breakout.

The_Forex_Path Updated 

EURCAD is forming a non-symmetrical M pattern in Daily Time frame. In 4H price action has shown significant rejection of higher prices. Fib retracement levels of 0.618 and 0.5 interacted with price and gave a sell. Every spike is considered an opportunity. It is preparing a short.

The_Forex_Path Updated 

EURAUD is in strong bullish uptrend. Despite the December effect, I am thinking to go long with decreased contract than usually. My target for the long trade is the area close to the monthly supply zone. From there it may offer opportunities for sell. Currently, the price is on support area awith 0.618 Fib retracement level.

The_Forex_Path Updated 

Breakout of a key resistance area. Waiting to see the price action. Possible long opportunity.