The_Forex_Path

The_Forex_Path

Clear Down trend but the pair is oversold approaching weekly and monthly strong demand zone in which I assume there many orderblocks and much liquidity left behind (check monthly wick in the past) So, I am waiting to ride either the last wave of the downtrend or to enter long in case of BoS of LH. GL!

The_Forex_Path

The trend is bearish and it could probablu go forthe weekly demand zone of 0.56 of 2020. For 4H TF I see these 2 possible scenarios!!! gl!

The_Forex_Path

AUJPY broke up the descending channel . It has formed a short term uptrend. In order to buy I am waiting a break - retest of the resistance with a TP level close to the most recent solid resistance I spotted. Otherwise, if it breaks the current support zoen and retest it pointing down I will go vice versa. In general BoJ is more dovish while BoA is more...

The_Forex_Path Updated 

Gold bias remains pretty bearish coming from a supply zone after multiplet tests at the 1676-1690 area nad a false breakout - 1730, just to stop hunt retail traders.

The_Forex_Path Updated 

Dear Traders, Many of us have been stopped by the strong uptrend of UJ. This is a counter trend idea. The Red area is Monthly Supply Zone since years ago. The fact that the prace is barely above in the 4H doesn't mean that it is now a demand zone. It has to be tested multiple times in order to be categorised as support. The pair needs breath to be ...

The_Forex_Path

Very skeptical about this pair... It can go either ways depending on how the news will impact

The_Forex_Path

Hi traders. On Thursday 22 of September, the Price actions violated rapidly the former support. It has not been checked and my bias has shifted to bearish, 'cause I take into account as a supply area now. The price action has been performing bullish impulse moves without significant correction. With positive JPY news, this scenario can be validated even...

The_Forex_Path Updated 

Hi traders. That's my idea for GBPUSD for a short-tirm buy opportunity up to the recent highs, considering TP levels at the blue horizontal lines. The price is at strong Fib retracement level of 0.5 regarding the last big impulse move of 4H chart but it can retrace a bit more to the second path I drew. Let's see how things will occur. Goodluck!

The_Forex_Path

Hello everyone! My CHFJPY point of view. We are in a strong bullish trend which is still valid pointing up. In the recent past, the price has formed incremental retests of Higher Highs and Higher Lows. Our eyes at Balance of Trade and Inflation Data of Japan, which in case they come to public worse than expected, they are going to rocket to the highs of 151...

The_Forex_Path

Dear Traders, The overall Monthly and weekly trend for GJ is Bullish. However, last weeks we saw big volatility and sideway movements, respecting the bullish sentiment though. Due to the above, I am bullish till the psychological level of 168. It can buy back up to 168.8 in my opinion but I prefer to set realistic, faster and safer targets. As usual, I put...

The_Forex_Path

Hello traders. After a long bullish move for gold, I can see that there are many sell order in the zone 1660-1680 based on volume profile. The area of 1675 - 1707 which used to be great demand area - ideal for longs, is not valid as support any more. Despite the global financial crisis, USD is getting really strong in the mid-term. The Demand zones close to...

The_Forex_Path

Hello traders. On a weekly perspective EJ is forming a top and I beleieve that it will sell hard, to the weekly demand zone approx. 125. However, I think a stophunt is imminent, which means that the price can go up at the weekly supply zone of 147.8 - 145.6 or iwill go even higher testing the highs of 149. So, I will minimize my lot size for the first entry...

The_Forex_Path Updated 

Hi dear taders. Currently audjpy is testing the bearish trend line. I see it as a fakeout with potential for limited upside move. I remain bearish on this pair. Goodluck

The_Forex_Path Updated 

Hello dear traders. Following the price action of the last days, I concluded that gold performed a fakeout in the 1730 area. So, it has returned to its bearish trending bias. Of course there is always the probability to retest 1695 area as Fib Levels, but I believe that it will definitely sell at least at the 1620 level. In fact, this time I think we might see a...

The_Forex_Path Updated 

Hello Dear Traders. My idea on Eurjpy with layered and incremental TP levels. Follow your own R:R:R rules and do not trade blindly. And please, do not forget that we are retail traders, with limited access to the right tools like banks. So, we have to adjust our Stop loss levels far away from the most predictable areas in order not to be heat. We have to...

The_Forex_Path Updated 

This is getting ambiguous at the moment but it worths a try to see how it will react to these zones. GL!!!

The_Forex_Path Updated 

Neutral on CADJPY with miscalleneous scenarios possible to happen. Please provide your comments!! GL!

The_Forex_Path Updated 

Dear traders, I see a 4H trendline breakout and a level of retest, as well as price bouncing up from a 4H support zone. Waiting to here your point of view. Good Luck!