Daily Forex review for 12/4/2023

Hello. Below are several recommendations for trading on the Forex market on December 4, 2023


On the EURUSD pair, it looks like it’s not you again there was a long downward correction , but the first targets made and formed a Pin Bar pattern. Of course, I will consider buying here, with the expectation that the upward trend will continue. I will set purchase targets around 1.1047 and slightly higher. I also noted the level of 1.0959, I will watch how we react to it, if we slip past without noticing, then I will wait for the target higher.


The GBPUSD pair did not reach FVG a little 1, 2590, turned around and formed something similar to the Rails pattern. Here the targets are very close and according to the pattern it is not worth entering into trades, the Stop Loss is too wide. You can look for Price Action signals for intraday purchases, with targets at 1.2746 and 1.2818. The preponderance of sellers in transaction statistics should contribute to price growth.

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