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 🙂 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 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.