Forecast of the movement of currency pairs on 4.08.2023

Hello. Below are some recommendations for trading in the Forex market on 08/04/2023


/p> formed a Doji pattern. The price went into a discount price below 50% and it seems that you can look closely at purchases. Tomorrow in the first half of the day it is worth watching the price, and I will wait for the descent to the area of ​​1.0900, I think there will be no growth without a hit in the footsteps of growth. An alternative option, everyone will be convinced of purchases and on the news background we will go further down. I'm leaning more towards the first option, but honestly I doubt it. I’m sure of one thing, we’ll go lower to the 1.0900 area, and then everything will depend on how we go there 🙂


A pin-bar pattern has formed on the GBPUSD pair. The price reached the 1.2661 order block as expected, and today the Bank of England Rate Decision gave an upward reaction. Here, too, everything is conducive to purchases and it is probably worth waiting for the resumption of growth. For the first purposes, a small FVG 1.28045 was left on top.


Gold stopped at 1935.00 and formed a Doji pattern. As I wrote earlier, if you look closely, you can see the drawing of the right shoulder in the Head and Shoulders figure. Here I will also try to look at shopping. I really want to see an increase in FVG around 2000. Let's finish the figure, collect buyers for its breakdown, and then you can go down to the trend.

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