The_Forex_Path

The_Forex_Path Updated 

EURJPY - Bullish only if it breaks the daily resistance, trendline and retest it at the level of green ray - liquidity left behind.

The_Forex_Path Updated 

XAUUSD nice are for long - fib level of 61.8% plus the general trend has not shifted yet. if the 1730 breaks with solid bearish price action, this will be turned into a bias perspective.

The_Forex_Path Updated 

EURUSD Long idea based on the Daily & 4H trendline looking for overall TP area the daily resistance levels.

The_Forex_Path Updated 

Gold it seems that has no clear direction. For mid-term I am more into short scenarios.

The_Forex_Path Updated 

USDCHF has been pushed down after the recent US news. General trend is bearish. Break of higlighted resistance - waitin' to be retested.

The_Forex_Path Updated 

USDCAD is in a bullish channel. In the 4H chart it broke and retested perfectly the key area as support with confluence of price action due to the long bottom wick. Price can go higher from here and if any dip occurs it will provide even better opportunities for long entries.

The_Forex_Path Updated 

Hello traders. EURJPY broke the bearish trendline and created a HL HH formation. An ascending trendline has been formed which has been tested 2 times. In fact, it might be retested with some kind of price action pretty soon. Price can buy exactly from this level pushing close to the 148 area - supply zone. For more conservative traders, it would be advisable...

The_Forex_Path Updated 

A bit risky long for CHFJPY. I am more neutral at this pair and I am looking for more significant key level like 148 for sell and 143 for buy.

The_Forex_Path Updated 

USDJPY is trapped inside a bearish channel and considering the highlighted area of 4H resistance it may be checked again triggering sell orders. The pair stayed overbought for a long period of time and every time it approaches a resistance are and US data is not optimistic, it will sell. GL!

The_Forex_Path Updated 

EURAUD is mid - term overbought. Weak AUD news while EUR is more stable created this huge push. Daily it is close to supply area. It needs to sell but perhaps from next week. Some round number like 1.59 or 1.6 could trigger big drop. Different TP levels. But 1.57 area is a great for long entries. The pair has already broken upwside of the bearish trendline and...

The_Forex_Path Updated 

Nzdjpy market potential for short. Space for trade is needed in order to breathe.

The_Forex_Path Updated 

GBPJPY is in 0.618 Fib level while it has broken the falling trendline. It is in a promising area for a proditable buy considering that GJ usually gives a lot of ADR pips, so I am expecting to see a long reaction of this support area and at least TP1 hit.

The_Forex_Path Updated 

Hello traders. Dollar is getting weaker and weaker while eur is showing some strength, based on past week activity and news. I am bullish on the pair. Price is at a good level for long continuation with SL below the previous HL. However, it may correct a bit lower without though invalidating the bullish bias. My overall TP area is June 2022 highs which will show...

The_Forex_Path Updated 

AUDUSD has exploded to the upside because of weak US data. The daily+4H structure is clearly bullish. The resistances has been broken. In bullish trend we buy. But we buy in favorable and discount price which can be a retest of former reistance as support with confluence to some Fib retracement level.

The_Forex_Path Updated 

To continue my reccently published view for gold, After the last successful long trade, the upper zone has broken and I had pointed out the retest level with a path. Price action gave an entry exactly at the lows of the path. My overall Profit target is 1855 for medium term. However, I would like to secure the 80% of my position so this is a good setup aiming...

The_Forex_Path Updated 

The purpose is to be realistic. E.g. some trades that are open will give an overall of X amount of drawdown so the next trade with exactly the same lot size will initiate a spread which will decrease the amount of our equiity and a possible drawdown which it will decrease it further, so what a trader should do in these realistic circumstances??? Stick to the plan!...

The_Forex_Path Updated 

Eurjpy has started showing clear bearish signs. This due to reccent bounce of yen. Possible sell entries at retest areas.

The_Forex_Path Updated 

Hello traders. We have recently observed the rally of market in terms of precious metals. Friday's NFP was positive but both gold and silver were not sinked. Just a drawdown and straight ahead back up. If you switch to both 1D and 1W Timeframes, you will see a strong bullish trend. According to the trend, I am seeking for buying areas. So, I trapped the Fibo...