Analysis of daily candles for 10/13/2023

Hello. Below are several recommendations for trading on the Forex market on 10/13/2023


The EURUSD pair took targets above the level of 1.0 616, gave a good reaction and formed an Absorption pattern. I thought we’d go a little higher, but we won’t argue with the trend. You can look for sales within the day if we rise to the area of ​​1.0580. Targets for sales are at the last low of 1.0447, and below is already the level of 1.0392. In the transaction statistics, there is a buying mood, which should contribute to a fall in the price.


The GBPUSD pair also has an Absorption pattern. We fell a little short of the level of 1.2377 and stopped by blocking FVG. In general, I’m also considering selling here; intraday you can look for deals on a pullback to the area of ​​1.2268. The first target for sales is at the Low level of 1.2036 and a deeper target at the low of 1.1802.


On the USDCHF pair, they turned to FVG 0.9015 and formed an Absorption pattern. The correction is probably over and we should expect continued growth. I am considering buying here with targets at 0.9243 and then at FVG 0.9331. I think it’s worth paying attention to the old gap around 0.9162, we can give a reaction to it, but this is not certain 🙂

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