Forex market review on 15.08.2023

Hello. Below are some recommendations for trading in the Forex market on 08/15/2023


On the GBPUSD pair, the tip of the candle went through the last lows and formed a Pin-bar pattern. Ideally, I would like to see a hit below 1.2590, but in general, you can already look at the purchases, with the expectation of moving to the top of the sideways 1.2818 and breaking the trend line. I'm not looking at sales here.


The AUDUSD pair has a similar picture and almost completed the Pin bar pattern. It is probably worth waiting for the resumption of price growth. I want to see how we will pass the level of 0.6513, if we pass with a good impulse, I will watch trades in purchases, with the expectation of moving into an order block of 0.6646. Further, of course, there are attractive highs of 0.6899, but these are already goals that we will not quickly reach and we'll see how events develop.

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