The_Forex_Path

The_Forex_Path Updated 

NZDJPY lays at a demand zone so I am expecting a short-term 100 pips reversal and I see a good sell opportunity from 0.618 or 0.5 Fib level with confluence of bearish trendline.

The_Forex_Path

Another level of importane for GJ. Possible correction It might be the 4th touch of the Trendline and if it respect it as well as the resistance it can provide good pips.

The_Forex_Path Updated 

GBPJPY donwtrend Caution on trendline and current supports GL

The_Forex_Path

Hello everyone. Daily bullish trendline has been violated and the last upward movement of EJ was some retest of the break. The most recent formation of a trend seems to be bearish. Daily Fib retracement 0.618 can be promising for shorts. (Not last SH but the previous one). Various support can hold the price from sinking by giving strong reversawl moves to...

The_Forex_Path

GBPAUD is bouncing off the weekly-daily supply zone. Possible sell. Note: The overall momentum is bullish.

The_Forex_Path Updated 

EURJPY at fibo retracement 0.618 and resistance level. Possible sell with 2 TPs

The_Forex_Path Updated 

EURUSD lays at bearish orderblock area. EU will follow USA recession soon. So, 2 target areas on the table.

The_Forex_Path Updated 

XAUUSD strong bullish momentum. Global Fundamentals show that the only way for the precious metal is ATH. Soon I expect 2xxx. Retests of Fibo 0.382 and 0.5 are good points for entries - possible support lies over there.

The_Forex_Path Updated 

GBPJPY sideways PA. Price trap with resistance and Fib area.

The_Forex_Path Updated 

EURJPY approaching the bearish trendline. It has already touched and rejected the resistance and is highly possible to touch it again with confluence of the trendline. Due to lack of stability worldwide, yen seems more attractive for investements.

The_Forex_Path Updated 

CADJPY under strong bearish trend and JPY surge. Break and test scenario aiming at the strong demand zone. Pending Longs at discount prices for mid-term reversals of few pips.

The_Forex_Path Updated 

GBPUSD at a critical point. Either break and wait patiently for retest to enter (always price action is the key even PA of lower TFs) or Bounce down to the most recent support areas.

The_Forex_Path Updated 

Hello traders. CHDJPY has broken support zone. The important thing about Yen pairs is the ADR and volatility. So, I am expecting both a soft and an extensive correction in order to enter short. Buy for mid term at the bottom.

The_Forex_Path Updated 

Hello traders. Yen shows surge!!! The pair has shown fakeout of the trendline and respected the current global situation. Techniocally, it can go back up to test the trend line in confluence with some previous resistance area + Fib levels of 0.618 - 0.5. I am cleary in fond of shorts. Even in an SL event, I will consider enter again based on price action, news...

The_Forex_Path Updated 

Hello traders. EURUSD has shown response to weakening of US sillicon valley bank. In fact it is a consolidation which could be turn into a mid-term uptrend. Currently the price has broken with a strong candle (despite the long top wick buyers are fully in control) so I am expecting a short term SH-SL Fib retracement in conjuction with support. This mean I think...

The_Forex_Path Updated 

Hello traders. Gold is obviously very bullish. But there is a monday-openingg gap which may be filled for equilibrium reasons and net positions. I believe that gold is at the perfect level for a sell trade regarding retracement. However, I am more into longs from key support areas combined with fibonacci level of 0.618 and 0.5.

The_Forex_Path Updated 

Hello traders. Mid term view with potential entries and exit areas. There is a possible shift in trend and a trend line has been formed. I am expecting either a retest of the support or a stophunt at the previous support area. Then down to 0.5 Fib level from which I expect a bullish continuation.

The_Forex_Path Updated 

Hello traders. I am patient at the moment with this gold price action. In my opinion I see 2 possible scenarios. 1st is the stop hunt of retail buyers in conjuction with selling panic down to 1792 and then a buying reversal. 2nd one is the retest of the recent highs around 1845-1856 area which will be perfect for shorts. Note: Weekly TF perspective, it is...