The_Forex_Path

The_Forex_Path Updated 

Hello traders. My view on GBPUSD. Price lies at a weekly supply zone. The supply zone has already given short action in the recent past but the last days is forming consolidaiton. The Daily and general 4H chart is bullish. You may seek for 1H or 4H Fib retracement levels of 0.5 (pound Point of Interest generally speaking 0.5 is tested many times for pound...

The_Forex_Path

Eurcad msy give an amount of decent pips due to the strong supply zone. Watching the PA with rejection to surpass it for now.

The_Forex_Path Updated 

A zoom in to 4H chart regarding previous gold analysis. With light blue color the 4H support/resistances with alerts ready in order to observe price action and act accordingly for entering either one of the 5 miscallaneous long entries at retest of supports, either one for short. FYI, every level can bounce for 30 pips e.g. 1810 area can give a big drop starting...

The_Forex_Path Updated 

Eurousd may continue to rise after a minor retest to a point of interest.

The_Forex_Path Updated 

Hello traders. I see that EURJPY is consolidating. Recently it hit multiyear time highs and created a supply zone. I see 3 major demand zones but there are other which might trigger buy, too. The point is that as a pair can give nice opportunities either ways. I see a daily bullish trendline which is still valid and a bearish trendline of 4H TF. These two have...

The_Forex_Path Updated 

Sell re-entry for this pair based on past performance there must be many sell orders at this area.

The_Forex_Path Updated 

USDCAD has created an immense impulse candle of 170 pips. It is similar like a gap up. USD has shown stregnth due to today positive news. However, it is a nice entry for sell. Good Luck!

The_Forex_Path Updated 

A retest to the highlighted area is very likely. USDJPY is shifted to bearish and yen is stable.

The_Forex_Path

If you check daily chart, this pair had left a big gap which was not completely closed. Today has been covered. I expect a correction from that level. Perhaps the entry is late but whatever, perfection is not reality in trading.

The_Forex_Path Updated 

Hello traders. GBPJPY is forming bearish structure. Currently is at a retest of a resistance level. It may create a wick to the previous grey resistance + trendline. Light green lines the TP levels. sl above the LH structure

The_Forex_Path

Daily analysis and possible scenarios for Gold. USD is not so strong as it seems. America will deal with a recession soon, which means that gold may rocket. We as traders will have to comply with the right timing to enter longs. However, before an official statement of FED and financial data release of US, market makers will definitely try to trap retail...

The_Forex_Path Updated 

GBP has broken weekly supply zoned and 4H consolidation box. A strong uptrend it is possible to be initiated. Long till 1.675 as final take profit target.

The_Forex_Path

USDCHF levels of potentials bounce for bearish moves.

The_Forex_Path

GBP lies at a weekly supply zone. However, GBP is gaining strength while USD is currently down. Zooming in 4H chart, In case of a break of the resistance it will be good with a TP1 to the red line.

The_Forex_Path

Gold is showing pretty bullish action. NFP dip was bought in no time.

The_Forex_Path

Cadjpy has shifted bearish even for weekly. BoS for multiple areas.

The_Forex_Path Updated 

Hello Traders. This is my view on GBPAUD. At first, the price has bounce up from the weekly support level, but now is touching the Weekly Resistance. Also, the Weekly Trend remains bearish from 2001, while any intraday 4H,1H Daily, whatever, is considered as a correction, personally speaking. That will be my entry with possible TP levels. The fundamentas in...

The_Forex_Path Updated 

Eurjpy waiting for short entries at retracement levels,