The_Forex_Path

The_Forex_Path Updated 

Hello traders. I remain bullish on gold. Price is shown that it might visit 1840-1860-1880 area. Good areas to buy could be Fib retracement levels of 0.5 and 0.618 connecting the most recent Swing Low and Swing High. However, it can break straight up which means that we should keep an eye in different retest area and draw Fibo again according to updated...

The_Forex_Path Updated 

Happy Trading Year! Wish you the best to each one of you. Enjoy beautiful moments who the people you love! Now, EURJPY has broken and respected during retest the ascending trendline from July 2022. Price has shifted to bearish and I am expecting a break of the current support - more solid! - then entering short at the retest. On the other hand, there is the...

The_Forex_Path Updated 

EURJPY price action fascinates me! My bias for this pair is bearish but this huge candle needs caution for any short time false reversals. Sell at retest and be careful 'cause this period of the year is not so stable. Big gaps may occur!

The_Forex_Path Updated 

CHFJPY is performing retracement comparing to the recent huge bearish candle. 0.5 Fib level which is in confluence with the broken support it may be checked as resistance giving a nice sell entry.

The_Forex_Path Updated 

AUDJPY presented a huge reversal yesterday. This will probably mitigated giving very possible retest of weekly - daily key area + trendline check.

The_Forex_Path Updated 

XAUUSD long opportunity hunting the intermmediate highs. 1880 is a daily key level which may trigger huge sell. for the moment the bulls showed that they want to push the price higher but this long wick pointed weakness. There will be still some big players that will try to make profit on this liquidity with buys

The_Forex_Path

EURUSD waiting for break and observe the price action for any retests if any or fakeout. The price is in uptrend in general.

The_Forex_Path Updated 

GBPJPY waiting to enter short between 0.5 & 0.618 fib level. Weak GBP policy & crisis in GB while JPY has started to show some strength may drive this pair to touch 150 level.

The_Forex_Path

Merry Christmas to everyone, above all we are humans. Money will come soon or later and now is the time of the year that should be dedicated to people we love. So, spend time with family and beloved ones. Now, in GJ I see a downtrend but after that massive candle I am sure that institutions will close profits and buyers will push price higher. By the time they...

The_Forex_Path Updated 

Hello traders. EURAUD showed bearish reversal in the daily and the support is under check at the moment. I am expectinga bearish continuation for short-term until the end of the harmonic or a bit more - grey line point. 0.5 or 0.618 Fib leels are key levels measuring from the 01th December SH for bullish continuation. The target will be the last SH at least, and...

The_Forex_Path Updated 

GBPCAD overall is bullish. It is empowered due to the retest of a weekly break - retest demand zone. I see TDI has more bearish push to give. So, this will be my entry. The 4H support area + the bullish trendline with TP1 as it is shown and TP2 1.8420 which is a bit lower from the next weekly supply zone.

The_Forex_Path

EURCAD is going for a retest of support area after the wick at the weekly supply zone. Usually the GBP is reacting to 0.5 Fib level. Overall TP area some pips below the last SH.

The_Forex_Path Updated 

CHFJPY had no clear direction during last days. Monthly and weekly the pair is overbought while JPY has still power to increase. After yesterday's sharp reversal, I am expecting a retest at most of the trendline to show a strong push to lower levels.

The_Forex_Path Updated 

CHF selling opportunity if it breakes down the sideways box down to 0.5 Fib level. Then potential buy, or another buying opportunity to the next strong support.

The_Forex_Path Updated 

Good morning traders. I see that CHFJPY is inside a triangle. It could break either way. During Friday 21th of October the huge reversal has not retraced to 50% of Fibonacci, so I am expecting to see something like that. In the break of support+trendline, a nice short entry as sell limit would be a strong setup. However, there is a Huge liquididty left in the...

The_Forex_Path Updated 

Hello traders. I see CHFJPY has performed a retacement chasing the highs. However, I see a losing steam of power for the pair and a daily trendline which is now broken. Price may trap traders with upside momentum, which I believe will be limited. Perhaps the price will try to test POC of Volume Profile and the Daily Demand Zone which is in confluence with 50%...

The_Forex_Path Updated 

GBPCAD has recently bounced back down from a weekly supply zone, so I 'm thinking that it is possible to break the channel and support zone aiming lower. It depends on the CAD news this week, as well as the GBP.

The_Forex_Path Updated 

Perhaps GJ to fall. Fib retracement levels in confluence, Trendline forming, Overbought conditions for the pair. Could easily give a wick to the lows ...