Analyst's view of the Forex market on 05/15/2023

Hello. Below are some recommendations for trading in the Forex market on 05/15/2023


On the EURUSD pair the bearish moods that appeared in me were true at the end of April, but sawed for a long time and made me doubt. Well, it happens ๐Ÿ™‚ While the picture is taking shape that we will go deeper into the correction. Ideally, if the only FVG is just below the 50% zone, around 1.0700. If at the beginning of the week we roll back up to the area of โ€‹โ€‹1.09418 or slightly higher, I will look inside for sell signals. First sell targets at 50% 1.0800 and next ones at 1.0700.


On GBPUSD actually similar painting. The price made a small overshoot of the level of 1.2654 and flowed down. From below, good targets are 1.2339 and 1.2176 just below 50%. Now, of course, it is too late to fly from the market, if we give a rollback to the FVG left above in the region of 1.2540, then it will be possible to look for sell signals with the above goals.

Like this post? Please share to your friends:
Leave a Reply