Analysis of Japanese candles for 10/17/2023

Hello. Below are several recommendations for trading on the Forex market on 10/17/2023


The EURUSD pair resumed growth today. I’m not canceling the idea of ​​selling according to the trend yet. An upward correction at the beginning of the week is a completely natural phenomenon; there is FVG and the level of 1.0580 above. I will look at new sales transactions at the level of 1.0580 or slightly higher, with targets at the last low of 1.0447, and below the level of 1.0392.


The GBPUSD pair generally has the same situation and upward movement. Let's look at the reaction near the level of 1.2268, and I will also look for intraday sales there. The targets for sales are the same, the first target is at a minimum of 1.2036, then you can try to wait for the level of 1.1802 to be taken.

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