The_Forex_Path

The_Forex_Path Updated 

Hello traders. I think it's time for US30 to sell. The bearish daily trendline give some sort of confirmation.

The_Forex_Path Updated 

Hi traders. If you see the FED speech right now, and the Price action of gold, you can open scalp trades for sell entries. Goodluck!

The_Forex_Path

This is my vie for EU. I am waiting the price to get lower into OB - important supprot area in order to buy it back up. Now, it is too early for entries. Usually, the use Tuesday night to create reversals. If you want to share your ideas on comments, please feel free!

The_Forex_Path Updated 

My idea for EJ. Generally speaking is bullish. It is obvious that the structure formes Higher Highs and Higher Lows - despite the intermediate BoS actions. After the Friday's huge move, I see three scenarios. The first one, price will respect the general uptrend and will break the 145.645 price level, retesting and giving an upward move. Confluence is that the...

The_Forex_Path Updated 

Hello again! GBPUSD last week provided us a nice short setup with 180 pips in closed profit based on the breakd and retest of intermediate grey color support zone, in confluence with the broken ascending trend line. My bias and my key areas in which I focus I remain pretty the same. The price is still in valid bearish zone from Weekly and Daily perspective plus...

The_Forex_Path Updated 

Hey traders. My idea for EU is this. I remain bearish. For upward reversal, I have to see BoS of the upper resistance zone + the trendline. I have pointed out areas for good potential regarding the short entries as well as a safe zone for the TP1 while the trade may continue lower.

The_Forex_Path

Hi traders, I remain bearish on gold. But I 've just spotted this potential moves. Either the prices, will break the support levels and in confluence with the bearish trend line will follow the predominant trend aiming lower, or it will find support at the 50 MA - and will break the trendline + the resistance zone of the importan 166x area heading to 1680...

The_Forex_Path

Hello traders. My idea for AUDJPY is based on weekly strong bullish trend + weekly respected ascending trendline. Also, price has formed a 4H uptrend and I am waiting the break and retest - not long spikes like previous candles. I want to see full powered candles! For bearish, I will keep an eye if it breaks the supprot and my 4H trend. What's your view guys?

The_Forex_Path Updated 

Hello traders, As it comes to CADJPY, I see that after the positive CAD news on Friday, this pair has been sold hard. I see a break of Trend line and support zone and I can see a Friday closure at retest price action. Perhaps the pair might go up for a bit, but this will indicate nice short opportunities to the previous support zones. Note: The Bank of Japan...

The_Forex_Path Updated 

Dear Traders, Gold has given us a mixed signal. The 4H trendline is broken and the bullish impulse move was strong. In the first scenario of retest, it may give a nice opportunity for buying continuation to 1665 level which either push price lower to 1645 levels forming consolidation, or will break and go up to 1682 area of previous year demand zone. I will...

The_Forex_Path

My perception of this pair was proven to the poin regarding last week's end. After the Prime Minister news in England in conjuction with the weekly supply zone of GBPJPY, the pair gave us 400 pips in profit. Drawing Fibo from the SH to the SL of recent prie action, I see that the price might try to buy back up a little and then fall again. In the magenta color...

The_Forex_Path Updated 

GBPUSD today had no clear direction without violating the most recent ascending trendline of 4H formation. However, it has not broken up the descending one. I see a triangle formation. Between the weekly supply and demand zones. The price can go eitherways. My view about possible break and retests. Important note: the gap has not been covered yet. Big amount...

The_Forex_Path Updated 

My idea for GBPJPY is that based on the strong weekly supply zone, I see price action becoming weaker. The pair has performed purely impulse moves without significant corrections. I am bearish for the short term, but later on December I believe this will break 171 and will go higher.

The_Forex_Path Updated 

Hello dear traders. My view on cad jpy for the coming week is that it will buy at the retest level of the grey color - 4 H area of resistance which is being checked as support.The overall weekly trend is bullish. On 19 of October important CAD news will be releashed with positive forecast. If the forecast is met, the scenario will take place easily. JPY is...

The_Forex_Path Updated 

Hi traders! My view on AUDCHF for medium term. Trade wisely! Follow your own risk management. Good luck!

The_Forex_Path

Hello traders. EURJPY formed a double top at multiyear High levels. However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers. I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the...

The_Forex_Path

Hello traders. Bohold my gold ideas and possible setups. I think that there is an Elliot Wave Theory starting from February during Russian and Ukranian war from level 2070. I believe that now we are inside wave 5 with realistic targets 1570 - 1590 and a possible target the extension at 1475 area. BTW 1475 will be great for longs. 1H - 4H bearish indicate...

The_Forex_Path Updated 

Hello dear traders, I think gold will continue forming lower lows on its way to the weekly demand zone of 1590-1570 area. I have draw paths of possible impulse as break and retest areas. For bullish reversal, I want to see a clear break of 1660 zone with price action retest. Dollar is getting stronger and stronger with this solid and aggressive FED policy...